{"url":"https://nivawealth.com/firms/innovative-private-wealth-management-324586","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/324586","regulatoryAum":367006766,"crd":"324586","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2873814","suffix":"JR","lastName":"DACOSTA","firstName":"LINCOLN","middleName":"ADRIAN"},{"crd":"5203309","suffix":null,"lastName":"DESHMUKH","firstName":"DEBINDER","middleName":null},{"crd":"5729305","suffix":null,"lastName":"HANDA","firstName":"SUNIL","middleName":"KUMAR"},{"crd":"8176821","suffix":null,"lastName":"Horton","firstName":"Harrison","middleName":"Strong"},{"crd":"5317614","suffix":null,"lastName":"MANCINI","firstName":"NICHOLAS","middleName":"JOESEPH"},{"crd":"4246210","suffix":"JR.","lastName":"PECORELLA","firstName":"JON","middleName":"PHILIP"},{"crd":"6301085","suffix":null,"lastName":"PIZZUTI","firstName":"PAUL","middleName":"DOMINIC"},{"crd":"1633013","suffix":null,"lastName":"Plesser","firstName":"Paul","middleName":"Bennett"},{"crd":"1486887","suffix":null,"lastName":"REINSTEIN","firstName":"MARK","middleName":null},{"crd":"4726236","suffix":null,"lastName":"SLOVIK","firstName":"CORY","middleName":"PAUL"},{"crd":"7331708","suffix":null,"lastName":"Tsoir","firstName":"Tatiana","middleName":null},{"crd":"5670361","suffix":null,"lastName":"URSINO","firstName":"VINCENZO","middleName":null}],"total":12,"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":"2023-06-29","regulatoryAum":39943615,"clients":132,"employees":1,"offices":1},{"filedOn":"2024-06-26","regulatoryAum":102684067,"clients":252,"employees":4,"offices":3},{"filedOn":"2025-05-07","regulatoryAum":118258916,"clients":381,"employees":7,"offices":5},{"filedOn":"2026-09-17","regulatoryAum":367006766,"clients":417,"employees":10,"offices":9}],"secFileNumber":"801-127387","legalName":"Innovative Private Wealth Management Inc.","displayName":"Innovative Private Wealth Management","slug":"innovative-private-wealth-management-324586","website":"https://innovativeinvestmentmanagement.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/103126319","founded":null,"organization":"New York corporation","fiscalYearEnd":"December","headquarters":{"street":"361 Route 202","city":"Somers","state":"NY","stateName":"New York","country":"United States","postalCode":"10589"},"tradeNames":["Innovative Investment Management"],"registration":{"secApproved":"27 February 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":374821.22250639385,"staff":{"employees":10,"advisory":7,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":367006766,"discretionary":285370757,"discretionaryAccounts":704,"nonDiscretionary":81636009,"nonDiscretionaryAccounts":7,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":369,"regulatoryAum":84224680},{"label":"High-net-worth individuals","clients":22,"regulatoryAum":62330418},{"label":"Pooled investment vehicles","clients":8,"regulatoryAum":137969599},{"label":"Corporations and other businesses","clients":18,"regulatoryAum":82482069}],"feePrograms":[{"role":"main","program":"Wealth Management Services","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1053636","versionId":1053636,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-07-31","documentName":"ADV PART 2 DISCLOSURE BROCHURE","fee_rate_low":null,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Consulting Services","summary":"Stand-alone consulting is a negotiable hourly fee of $400; ongoing consulting arrangements carry a monthly fee of up to $10,000.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1053636","versionId":1053636,"submittedOn":"2026-07-31","documentName":"ADV PART 2 DISCLOSURE BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T11:16:30.682762+00:00","documents":[{"name":"ADV PART 2 DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1053636","versionId":1053636,"submittedOn":"2026-07-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":219713014},{"name":"Valley National Bank","shortName":"Valley National Bank","location":"Morristown, NJ","smaAssets":137969599}],"custodyNote":"Innovative Private Wealth Management has custody of $138M in client assets for 8 clients.","otherCustodians":[],"leadership":[{"name":"Nicholas Mancini","title":"President / Chief Compliance Officer","crd":"5317614"}],"ownership":[{"label":"Nicholas Mancini","detail":"President / chief compliance officer in the 75% or more ownership band and a control person, since January 2023."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":8,"privateResidences":7},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"361 Route 202","city":"Somers","headquarters":true}]},{"state":"South Carolina","offices":1,"addresses":[{"street":"2 West Washington Street","city":"Greenville"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"914-427-8036","stateRegisteredReps":7,"otherAdviserReps":5,"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"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":19},{"label":"U.S. government/agency bonds","percent":7},{"label":"Investment grade corporate bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":47},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":19},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":8},"sources":{"adv1FilingDate":"17 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/324586/PDF/324586.pdf","brochureDate":"31 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1053636","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 Private Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Innovative Private Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Innovative Private Wealth Management charge?","answer":"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.","source":"ADV PART 2 DISCLOSURE BROCHURE, filed 31 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Innovative Private Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Innovative Private Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Innovative Private Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Innovative Private Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Innovative Private Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Innovative Private Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 17 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."}