{"url":"https://nivawealth.com/firms/innovative-financial-solutions-nj-332536","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/332536","regulatoryAum":594905446,"crd":"332536","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4523839","suffix":null,"lastName":"AZMI","firstName":"HIRBOD","middleName":null},{"crd":"4583282","suffix":null,"lastName":"PATEL","firstName":"DEVANG","middleName":"M."},{"crd":"2699754","suffix":null,"lastName":"WARCHOL","firstName":"DOROTA","middleName":null}],"total":3,"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":"2025-03-24","regulatoryAum":501433225,"clients":318,"employees":6,"offices":2},{"filedOn":"2026-03-13","regulatoryAum":594905446,"clients":325,"employees":6,"offices":1}],"secFileNumber":"801-130985","legalName":"Innovative Financial Solutions NJ, LLC","displayName":"Innovative Financial Solutions 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Solutions NJ, LLC","detail":"Member in the 75% or more ownership band and a control person, since July 2024."},{"label":"Innovative Financial Solutions NJ,","detail":"Member in the 75% or more ownership band and a control person, since July 2024."},{"label":"Devang Patel","detail":"Indirect owner: a member of Innovative Financial Solutions NJ, LLC in the 75% or more band and a control person, since December 2016.","parent":"Innovative Financial Solutions NJ, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"New Jersey","offices":1,"addresses":[{"street":"517 Centennial Avenue, Suite 200","city":"Cranford","headquarters":true}]}],"brochureServices":["business succession planning","education planning","estate planning","insurance","philanthropic planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 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They include 198 individual clients, 109 high-net-worth individuals, and 13 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 13 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Innovative Financial Solutions NJ offer?","answer":"Innovative Financial Solutions NJ provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, business succession planning, education planning, estate planning, insurance, and philanthropic planning.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Innovative Financial Solutions NJ use?","answer":"Innovative Financial Solutions NJ’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $595M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Innovative Financial Solutions NJ have?","answer":"Innovative Financial Solutions NJ has 3 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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 Financial Solutions NJ invest in?","answer":"At the end of its last fiscal year, Innovative Financial Solutions NJ’s separately managed accounts held 64% registered funds (mutual funds, ETFs, BDCs), 31% exchange-traded equities and 5% cash and equivalents.","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 Financial Solutions NJ?","answer":"Innovative Financial Solutions NJ is owned through a holding company by Devang Patel. Its direct owners are Innovative Financial Solutions NJ, LLC (75% or more) and Innovative Financial Solutions NJ (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 13 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Innovative Financial Solutions NJ get paid?","answer":"Innovative Financial Solutions NJ 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 Financial Solutions NJ?","answer":"Innovative Financial Solutions NJ’s main office is at 517 Centennial Avenue, Suite 200, Cranford, NJ 07016. Its phone number is 908-967-6360. 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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."}