{"url":"https://nivawealth.com/firms/innovative-advisory-partners-156135","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/156135","regulatoryAum":352100000,"crd":"156135","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2673133","suffix":null,"lastName":"FRANKLIN","firstName":"JOE","middleName":"DAVID"},{"crd":"6056682","suffix":null,"lastName":"FRYAR","firstName":"CAROLYN","middleName":"ANN"},{"crd":"4332566","suffix":null,"lastName":"HATCHER","firstName":"NEILL","middleName":"B"},{"crd":"8300629","suffix":null,"lastName":"Nicholson","firstName":"Charles","middleName":"Thomas"},{"crd":"6951620","suffix":null,"lastName":"PAYNE","firstName":"SAMUEL","middleName":"CARTER"},{"crd":"8248442","suffix":null,"lastName":"Wingfield","firstName":"Logan","middleName":"Tyler"}],"total":6,"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":"2021-04-17","regulatoryAum":143000000,"clients":707,"employees":9,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":187000000,"clients":316,"employees":9,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":170000000,"clients":350,"employees":8,"offices":1},{"filedOn":"2024-03-30","regulatoryAum":198800000,"clients":358,"employees":8,"offices":1},{"filedOn":"2025-04-01","regulatoryAum":260400000,"clients":404,"employees":8,"offices":1},{"filedOn":"2026-04-06","regulatoryAum":352100000,"clients":443,"employees":8,"offices":1}],"secFileNumber":"801-78600","legalName":"Innovative Advisory Partners, LLC","displayName":"Innovative Advisory Partners","slug":"innovative-advisory-partners-156135","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Tennessee limited liability company","fiscalYearEnd":"December","headquarters":{"street":"4700 Hixson Pike","city":"Hixson","state":"TN","stateName":"Tennessee","country":"United States","postalCode":"37343-4806"},"tradeNames":["Financial Educators Network of East Tennessee","Franklin Wealth Management"],"registration":{"secApproved":"9 October 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LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Tennessee","offices":1,"addresses":[{"street":"4700 Hixson Pike","city":"Hixson","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"423-870-2140","stateRegisteredReps":6,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops","Other"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":49},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":21},{"label":"Cash and cash equivalents","percent":25}],"privateFunds":0},"sources":{"adv1FilingDate":"6 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/156135/PDF/156135.pdf","brochureDate":"6 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1040459","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Innovative Advisory Partners have?","answer":"Innovative Advisory Partners has 443 clients and manages $352 million for them, as of April 2026. They include 390 individual clients, 52 high-net-worth individuals and 1 charitable organization.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 6 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Innovative Advisory Partners offer?","answer":"Innovative Advisory Partners provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Innovative Advisory Partners use?","answer":"Innovative Advisory Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $271M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Innovative Advisory Partners have?","answer":"Innovative Advisory Partners has 6 investment adviser representatives registered with state securities authorities, out of 8 employees, and 6 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 6 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 Partners invest in?","answer":"At the end of its last fiscal year, Innovative Advisory Partners’ separately managed accounts held 49% exchange-traded equities, 25% cash and equivalents, 21% registered funds (mutual funds, ETFs, BDCs), 1% non-exchange-traded equities, 1% state and local bonds, 1% investment grade corporate bonds, 1% high-yield corporate bonds and 1% derivatives.","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 Partners?","answer":"Innovative Advisory Partners is owned through a holding company by Joe Franklin. Its direct owner is Franklin Wealth Management, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 6 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Innovative Advisory Partners get paid?","answer":"Innovative Advisory Partners is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. 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 Partners?","answer":"Innovative Advisory Partners’ main office is at 4700 Hixson Pike, Hixson, TN 37343-4806. Its phone number is 423-870-2140.","source":"Form ADV Part 1A, Item 1.F, filed 6 April 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."}