INNOVATIVE WEALTH BUILDING LLC

RIASEC RegisteredEst. 2021
Total AUM
$657M
Discretionary
$650M
99% of AUM
Avg account
$141K
Accounts
4,646
Employees
17
Advisory reps
9

Firm details

Headquarters
CALIFORNIA, Maryland
CRD number
314942
Registered since
June 21, 2021
Custodians
CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • HNWI57.59%
  • Individuals42.41%
Services
Financial PlanningPortfolio Management for Individuals

Firm profile

FINTRX

Overview

Innovative Wealth Building LLC is an independent registered investment adviser formed as an LLC and SEC-registered in 2021. The firm is owned by an individual and focuses on serving individual and family clients, with advisory services centered on financial planning and portfolio management for individuals and small businesses. Its billing mixes asset-based fees with hourly and fixed-fee arrangements. The ADV indicates the firm is not an active ESG investor and lists an insurance company affiliation among its industry relationships.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 96%, Exchange Traded Equities 2%, State & Local Bonds 1%, Cash & Cash Equivalents 1%96%
  • Public Funds/Mutual Funds96%
  • Exchange Traded Equities2%
  • State & Local Bonds1%
  • Cash & Cash Equivalents1%

Owners & executives

3 of 4
  • TERRY PARHAM

    Chief Financial OfficerCRD 5924439

  • Kennah Parham

    CTOCRD 6561550

  • Jennifer Hill

    Chief Marketing OfficerCRD 5753954

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Contacts

3 of 5
  • Lee Weinstein

    Founder, Wealth Management AdvisorCRD 7851864

  • Carman Kubanda

    Financial AdvisorCRD 7193096

  • Joseph Chavel

    Investment Adviser RepresentativeCRD 7313651

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Wealth teams

FINTRX

Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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Location

Primary office

CALIFORNIA, MD

SAINT MARYS

Location

CALIFORNIA, MD

Headquartered in CALIFORNIA, MD, anchoring the Washington-Baltimore-Arlington, DC-MD-VA-WV-PA metro in the South.

Metro area
Washington-Baltimore-Arlington, DC-MD-VA-WV-PA
Region
South
County
SAINT MARYS
Address
23567 Oak View Dr
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth