{"url":"https://nivawealth.com/firms/innovative-advisory-group-146618","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/146618","regulatoryAum":194000000,"crd":"146618","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4004975","suffix":null,"lastName":"CHISHOLM","firstName":"KIRK","middleName":"RONALD"},{"crd":"6003511","suffix":null,"lastName":"DIO","firstName":"PAUL","middleName":"R"},{"crd":"5974241","suffix":null,"lastName":"ENGLISH","firstName":"JOHN","middleName":"MARK"},{"crd":"2867546","suffix":null,"lastName":"FRANKLIN","firstName":"REDINA","middleName":"E"},{"crd":"5479610","suffix":null,"lastName":"KOTYAN","firstName":"RAJEEV","middleName":"H"},{"crd":"6912124","suffix":null,"lastName":"Letcher","firstName":"Krista","middleName":null},{"crd":"5535180","suffix":null,"lastName":"PICCIOTT","firstName":"TIMOTHY","middleName":"THEODORE"},{"crd":"4803112","suffix":null,"lastName":"WANG","firstName":"TIENCHIA","middleName":null}],"total":8,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-04-28","regulatoryAum":136500000,"clients":278,"employees":9,"offices":6},{"filedOn":"2023-04-13","regulatoryAum":124000000,"clients":300,"employees":9,"offices":6},{"filedOn":"2024-06-19","regulatoryAum":129000000,"clients":300,"employees":9,"offices":6},{"filedOn":"2025-03-20","regulatoryAum":160500000,"clients":300,"employees":8,"offices":5},{"filedOn":"2026-09-22","regulatoryAum":194000000,"clients":300,"employees":9,"offices":5}],"secFileNumber":"801-122046","legalName":"Innovative Advisory Group, LLC","displayName":"Innovative Advisory Group","slug":"innovative-advisory-group-146618","website":"https://innovativewealth.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/innovative-advisory-group/","founded":null,"organization":"Massachusetts limited liability company","fiscalYearEnd":"December","headquarters":{"street":"394 Lowell Street, Suite 8","city":"Lexington","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02420"},"tradeNames":[],"registration":{"secApproved":"28 October 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":643624.1610738256,"staff":{"employees":9,"advisory":8,"brokerDealerReps":0,"insuranceAgents":5,"promoters":8},"aum":{"regulatory":194000000,"discretionary":194000000,"discretionaryAccounts":800,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":300},"clientTypes":[{"label":"Individuals (other than HNW)","clients":270,"regulatoryAum":121800000},{"label":"High-net-worth individuals","clients":28,"regulatoryAum":70000000},{"label":"Charitable organizations","clients":2,"regulatoryAum":2200000}],"feePrograms":[{"role":"main","program":"Investment advisory services (asset management accounts)","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058742","versionId":1058742,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-09-22","documentName":"IAG FIRM BROCHURE - SEPTEMBER 2026","fee_rate_low":1,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Comprehensive financial planning","summary":"Fixed fees generally $500 to $20,000, or hourly fees of $150 to $500, depending on complexity; up to 50% may be payable up front.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058742","versionId":1058742,"submittedOn":"2026-09-22","documentName":"IAG FIRM BROCHURE - SEPTEMBER 2026"},{"role":"other","program":"Other special services","summary":"Fees are negotiable and based on the scope of work, charged hourly or as a fixed fee.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058742","versionId":1058742,"submittedOn":"2026-09-22","documentName":"IAG FIRM BROCHURE - SEPTEMBER 2026"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T13:43:40.698663+00:00","documents":[{"name":"IAG FIRM BROCHURE - SEPTEMBER 2026","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058742","versionId":1058742,"submittedOn":"2026-09-22"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":138100000},{"name":"Community National Bank","shortName":"Community National Bank","location":"Seneca, KS","smaAssets":22000000}],"custodyNote":"Innovative Advisory Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Kirk Chisholm","title":"President","crd":"4004975"},{"name":"Rajeev Kotyan","title":"CCO","crd":"5479610"}],"ownership":[{"label":"Blue Haven Group Inc","detail":"Member in the 50% to 75% ownership band and a control person, since February 2008."},{"label":"Stirling Global Advisors, LLC","detail":"Member in the 50% to 75% ownership band and a control person, since November 2008."},{"label":"Rajeev Kotyan","detail":"Indirect owner: a president of Blue Haven Group Inc in the 75% or more band and a control person, since February 2008.","parent":"Blue Haven Group Inc"},{"label":"Kirk Chisholm","detail":"Indirect owner: a vice president of Stirling Global Advisors, LLC in the 75% or more band and a control person, since November 2008.","parent":"Stirling Global Advisors, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":4},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":1,"addresses":[{"street":"394 Lowell Street, Suite 8","city":"Lexington","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"781-577-2782","stateRegisteredReps":8,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":45},{"label":"U.S. government/agency bonds","percent":5},{"label":"Investment grade corporate bonds","percent":5},{"label":"Cash and cash equivalents","percent":25},{"label":"Other","percent":20,"detail":"Client Specific Family Controlled Entities = 8%\nClient Specific Deed of Trust = 7%\nClient Specific Real Estate = 4%\nClient Specific Physical Precious Metals = 1%"}],"privateFunds":0},"sources":{"adv1FilingDate":"22 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/146618/PDF/146618.pdf","brochureDate":"22 September 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058742","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Innovative Advisory Group have?","answer":"Innovative Advisory Group has 300 clients and manages $194 million for them, as of September 2026. They include 270 individual clients, 28 high-net-worth individuals and 2 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 22 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Innovative Advisory Group offer?","answer":"Innovative Advisory Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Innovative Advisory Group charge?","answer":"Innovative Advisory Group charges 1.00%–2.00% a year for its Investment advisory services (asset management accounts). The fee is billed in advance and is negotiable.","source":"IAG FIRM BROCHURE - SEPTEMBER 2026, filed 22 September 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Innovative Advisory Group use?","answer":"Innovative Advisory Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $138M and Community National Bank (Seneca, KS), with $22M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Innovative Advisory Group have?","answer":"Innovative Advisory Group has 8 investment adviser representatives registered with state securities authorities, out of 9 employees, and 8 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Innovative Advisory Group invest in?","answer":"At the end of its last fiscal year, Innovative Advisory Group’s separately managed accounts held 45% exchange-traded equities, 25% cash and equivalents, 20% other, 5% U.S. government and agency bonds and 5% investment grade corporate bonds. The 20% other category is described as: Client Specific Family Controlled Entities = 8%\nClient Specific Deed of Trust = 7%\nClient Specific Real Estate = 4%\nClient Specific Physical Precious Metals = 1%.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Innovative Advisory Group?","answer":"Innovative Advisory Group is owned through holding companies by Rajeev Kotyan and Kirk Chisholm. Its direct owners are Blue Haven Group Inc (50% to 75%) and Stirling Global Advisors, LLC (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 22 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Innovative Advisory Group get paid?","answer":"Innovative Advisory Group is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Innovative Advisory Group?","answer":"Innovative Advisory Group’s main office is at 394 Lowell Street, Suite 8, Lexington, MA 02420. Its phone number is 781-577-2782. Its website is innovativewealth.com.","source":"Form ADV Part 1A, Item 1.F, filed 22 September 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}