Innovation Partners LLC

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Client assets under management

$21,681,537

Clients

0% high-net worth

Advisors

of 305 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Very Low

Average account size

$833,905

About

Innovation Partners LLC serves primarily individual retail clients while also working with pension and profit‑sharing plans, corporations, charitable organizations, and municipal entities. The firm offers discretionary portfolio management, access to third‑party investment advisors and managed account programs, plus financial planning and consulting across areas such as estate, retirement, benefits and actuarial analysis.

IPLLC builds individualized strategies and typically provides ongoing monitoring and rebalancing, using a mix of analyses (including fundamental, technical, asset allocation, options and short‑/long‑term trading). Its advisory work is frequently integrated with actuarial, risk management, benefits consulting and plan‑level services, and representatives may assist clients in selecting TPIAs or model portfolios that match stated goals and risk tolerances.

Distinctive for a firm of its size, IPLLC is affiliated with a broker‑dealer and operates as a licensed insurance agency, and its representatives may be registered representatives and insurance agents—arrangements that give rise to commission and referral compensation and potential due‑diligence fees disclosed in the brochure. The firm also offers actuarial, reinsurance and investment banking consulting alongside investment advisory services while managing a relatively modest asset base and limited client roster, a combination that is uncommon among similarly sized peers.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Consulting services to qualified retirement plans

Expertise

Business succession planning Charitable giving & philanthropy Income planning Long-term care insurance

Fee options

Fixed

$500 to $20,000 per plan

Percentage

Less than $10,000 - $9,999: 1.25% to 3% $25,000 - $100,000: 1.00% to 2.75% $100,000 - $250,000: 0.75% to 2.50% Greater than $250,000+: 0.50% to 2.00%

Project-based

Up to $500 per hour

Other

Account minimum: $25,000 Fee-only: Hourly up to $500/hour; Fixed/Flat fee $500 to $20,000 per plan; consulting fees negotiable including up to 3% of assets under management

Main office location

Innovation Partners LLC

5950 Fairview Road, Suite 140

Charlotte NC 28210, United States

Number of offices

Most active in

Alabama · Arizona · Arkansas · California · Colorado · Connecticut · Florida · Georgia · Idaho · Indiana · Iowa · Kansas · Louisiana · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Virginia · Washington · Wisconsin

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Is not active or affiliated with:

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

Website 704-708-5461

Advisors at this firm

David K

Series 63

Westlake, CA

Innovation Partners LLC

David Karin is a financial advisor at Innovation Partners LLC with 31 years of industry experience. He previously worked at Western International Securities, Inc. for 13 years. Karin holds a Series 63 designation and is also involved as an agent selling fixed and FIA annuities through CPS Insurance. Innovation Partners LLC provides investment advisory, actuarial and benefits consulting, insurance consulting, and related financial and management consulting services to a diverse client base, including individuals, pension and profit-sharing plans, corporations, charitable organizations, and government entities. The firm offers customized investment strategies through discretionary managed accounts and third-party model portfolios, supported by a large network of representatives and a unique combination of broker-dealer registration and insurance agency services.

Business succession planning Charitable giving & philanthropy Income planning Long-term care insurance

Robert B

Series 66

Westport, MA

Innovation Partners LLC

Robert Bancroft is a financial advisor at Innovation Partners LLC with six years of industry experience. He holds the Series 66 designation and has worked at Innovation Partners since 2019. Bancroft is also a stockholder and director at Mount Pleasant Realty Group, a non-investment related business. Innovation Partners LLC provides investment advisory, actuarial and benefits consulting, insurance consulting, and related financial and management consulting services to individuals, pension and profit-sharing plans, corporations, charitable organizations, and government entities. The firm offers customized investment strategies through discretionary managed accounts and third-party model portfolios, supported by a large representative base and a combination of advisory, broker-dealer, and insurance services.

Business succession planning Charitable giving & philanthropy Income planning Long-term care insurance

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