Innovative Private Wealth Management provides financial planning and portfolio management for individuals and small businesses. The firm advises 8 private funds.
Innovative Private Wealth Management reports 417 clients. They include 369 individual clients, 22 high-net-worth individuals, and 18 corporations and other businesses. Of its assets, 77.8% ($285M across 704 accounts) are managed with discretion; $81.6M across 7 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 88% | 23% |
| High-net-worth individuals | 5% | 17% |
| Pooled investment vehicles | 2% | 38% |
| Corporations and other businesses | 4% | 22% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 369 | $84.2M | 22.9% | $228K |
| High-net-worth individuals | 22 | $62.3M | 17.0% | $2.83M |
| Pooled investment vehicles | 8 | $138M | 37.6% | $17.2M |
| Corporations and other businesses | 18 | $82.5M | 22.5% | $4.58M |
| Total | 417 | $367M | 100% | $880K |
- Clients
- 369
- Regulatory AUM
- $84.2M
- AUM share
- 22.9%
- Avg. per client
- $228K
- Clients
- 22
- Regulatory AUM
- $62.3M
- AUM share
- 17.0%
- Avg. per client
- $2.83M
- Clients
- 8
- Regulatory AUM
- $138M
- AUM share
- 37.6%
- Avg. per client
- $17.2M
- Clients
- 18
- Regulatory AUM
- $82.5M
- AUM share
- 22.5%
- Avg. per client
- $4.58M
Total
- Clients
- 417
- Regulatory AUM
- $367M
- AUM share
- 100%
- Avg. per client
- $880K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 8
- Financial planning clients last fiscal year
- 0
Innovative Private Wealth Management charges up to 2.00% a year for its Wealth Management Services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Consulting Services
- Stand-alone consulting is a negotiable hourly fee of $400; ongoing consulting arrangements carry a monthly fee of up to $10,000.
Nicholas Mancini owns 75% or more of Innovative Private Wealth Management. The leadership team of Innovative Private Wealth Management includes President Nicholas Mancini. It has 10 employees, 7 of them in advisory roles.
Leadership
- Nicholas ManciniPresident / Chief Compliance Officer
Investment adviser representatives
12 representatives listed in the SEC register as of 9 October 2026.
- Lincoln Adrian Dacosta JR
- Debinder Deshmukh
- Sunil Kumar Handa
- Harrison Strong Horton
- Nicholas Joeseph Mancini
- Jon Philip Pecorella JR.
- Paul Dominic Pizzuti
- Paul Bennett Plesser
- Mark Reinstein
- Cory Paul Slovik
- Tatiana Tsoir
- Vincenzo Ursino
Staff
- 10 employees
- 7 in advisory functions
- 7 state-registered reps
- 3 insurance agents
- Owns 75% or more of Innovative Private Wealth Management Inc.
Nicholas Mancini
Control person · since January 2023
Innovative Private Wealth Management’s regulatory assets grew 9.2× from $39.9M (June 2023) to $367M (September 2026); clients rose from 132 to 417 and employees from 1 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $367M | 417 | 10 | 9 |
| May 2025 | $118M | 381 | 7 | 5 |
| June 2024 | $103M | 252 | 4 | 3 |
| June 2023 | $39.9M | 132 | 1 | 1 |
Besides its headquarters, Innovative Private Wealth Management has 8 offices (7 private residences, listed without an address), with 2 listed addresses in New York and South Carolina.
New York · 1 listed address
- 361 Route 202, SomersHQ
South Carolina · 1 listed address
- 2 West Washington Street, Greenville
Other business names
Innovative Private Wealth Management has reported 1 other business name to the SEC.
- Innovative Investment Management
Contact and registration details
- Legal name
- Innovative Private Wealth Management Inc.
- Headquarters
- 361 Route 202, Somers, NY 10589
- Phone
- 914-427-8036
- @103126319
- SEC file
- 801-127387
- Structure
- New York corporation
- Fiscal year end
- December
Innovative Private Wealth Management uses Charles Schwab ($220M, 61%) and Valley National Bank ($138M, 39%) as custodians for its separately managed accounts. Innovative Private Wealth Management has custody of $138M in client assets for 8 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $220M61%
- Valley National BankValley National Bank · Morristown, NJ · $138M39%
At year end, Innovative Private Wealth Management’s separately managed accounts were mostly in funds (66%) and stocks (19%).
What the accounts hold
- Stocks19%
- Funds66%
- Registered funds47%
- Pooled vehicles19%
- Bonds10%
- U.S. government and agency bonds7%
- Investment grade corporate bonds3%
- Cash5%
How many clients does Innovative Private Wealth Management have?
Innovative Private Wealth Management has 417 clients and manages $367 million for them, as of September 2026. They include 369 individual clients, 22 high-net-worth individuals, and 18 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 September 2026
What services does Innovative Private Wealth Management offer?
Innovative Private Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Innovative Private Wealth Management charge?
Innovative Private Wealth Management charges up to 2.00% a year for its Wealth Management Services. The fee is billed in advance and is negotiable.
Which custodians does Innovative Private Wealth Management use?
Innovative Private Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $220M and Valley National Bank (Morristown, NJ), with $138M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 September 2026
How many financial advisors does Innovative Private Wealth Management have?
Innovative Private Wealth Management has 7 investment adviser representatives registered with state securities authorities, out of 10 employees, and 7 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
What does Innovative Private Wealth Management invest in?
At the end of its last fiscal year, Innovative Private Wealth Management’s separately managed accounts held 47% registered funds (mutual funds, ETFs, BDCs), 19% exchange-traded equities, 19% pooled vehicles (private funds and similar), 7% U.S. government and agency bonds, 5% cash and equivalents and 3% investment grade corporate bonds. It advises 8 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Innovative Private Wealth Management?
Innovative Private Wealth Management’s direct owner is Nicholas Mancini (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 September 2026
How does Innovative Private Wealth Management get paid?
Innovative Private Wealth Management 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
How do I contact Innovative Private Wealth Management?
Innovative Private Wealth Management’s main office is at 361 Route 202, Somers, NY 10589. Its phone number is 914-427-8036. Its website is innovativeinvestmentmanagement.com.