Innovative Advisory Partners, LLC logo

Innovative Advisory Partners, LLC

Updated today

Client assets under management

$352,000,000

Clients

442

12% high-net worth

Advisors

4

of 8 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

111

Very High

Average account size

$796,380

About

Innovative Advisory Partners, LLC (doing business as Franklin Wealth Management) advises individuals — including high‑net‑worth clients — and provides services to brokerage customers and other institutions. The firm offers portfolio management, modular financial planning, retirement‑rollover guidance, and consulting services tailored to business‑minded professionals.

The firm implements both static and dynamic model portfolios and offers discretionary and non‑discretionary management, with ongoing monitoring and periodic rebalancing. Franklin Wealth emphasizes inter‑generational planning and tax‑aware strategies and provides consolidated online wealth reporting and connectivity to held‑away accounts to inform advice.

Noteworthy for a team of its size, the firm sponsors its own wrap fee program and regularly hosts educational seminars and workshops for clients and prospects — features that are less common among peer team firms. It also provides investment consulting to broker‑dealers and uses third‑party platforms and custodial relationships to aggregate reporting, while its associated persons maintain broker‑dealer and insurance registrations as disclosed in the brochure.

Client services

Financial planning Portfolio management Selection of other advisers Educational seminars or workshops Consulting

Expertise

Wealth management Options & derivatives strategies

Occupation focus

Founder/Business Owner Executive

Fee options

Fixed

Financial planning may be charged on a fixed fee basis, negotiable and determined per client.

Percentage

$0 - $1,000,000: 2.25% $1,000,000 - $2,000,000: 1.80% $2,000,000 - $5,000,000: 1.55% $5,000,000 - $25,000,000: 1.00% $25,000,000 - $50,000,000: 0.90% $50,000,000+: 0.80%

Project-based

Hourly consulting fees are negotiable and charged on a case-by-case basis.

Other

Account minimum: $2,000 minimum annual fee per household for portfolio management services; specific minimum asset levels for certain LPL advisory programs range from $15,000 to $250,000. Minimum fee: Minimum annual fee of $2,000 per household for portfolio management services; minimum $75 charge for wealth management reporting service. Fee-only: Financial planning fees: initial plan fee 0.20% of assets covered with a minimum of $1,000; annual updates at 0.05% of assets covered; fees negotiable. Hourly consulting and fixed fees also offered on negotiable basis.

Main office location

Innovative Advisory Partners, LLC

4700 Hixson Pike

Hixson TN 37343-4806, United States

Number of offices

1

Most active in

Alabama · California · Florida · Georgia · Louisiana · Tennessee · Texas · Washington

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Joe F

CFP®, Series 63, Series 65

Hixson, TN

Innovative Advisory Partners, LLC

Joe Franklin is a CFP® professional with 29 years of industry experience. He is affiliated with Innovative Advisory Partners, LLC and has worked with Franklin Wealth Management and LPL Financial LLC. Outside of his advisory roles, he is involved with JF Properties LLC, which manages real estate holdings. Innovative Advisory Partners, LLC serves individuals and high-net-worth clients, focusing on business-minded professionals and intergenerational planning. The firm offers portfolio management, financial planning, and consulting services, utilizing both static and dynamic model strategies, and provides educational workshops as part of its client engagement.

Wealth management Options & derivatives strategies Founder/Business Owner Executive
user avatar

Samuel P

Series 66

Hixson, TN

Innovative Advisory Partners, LLC

Samuel Payne is a financial advisor with Innovative Advisory Partners, LLC, holding a Series 66 designation and seven years of industry experience. He has worked at Innovative Advisory Partners, Franklin Wealth Management, and LPL Financial since 2018. Prior to his advisory career, he was involved with Missionary Evangelism Inc, operating the Macedonian Christian Academy from 2011 to 2018. Innovative Advisory Partners, LLC, doing business as Franklin Wealth Management, serves individuals and high-net-worth clients, focusing on business-minded professionals and intergenerational planning. The firm offers portfolio management, financial planning, retirement-plan rollover guidance, and consulting, using both static and dynamic model strategies along with a held-away asset aggregation platform to provide comprehensive wealth management and client education.

Wealth management Options & derivatives strategies Founder/Business Owner Executive
user avatar

Carolyn F

Series 63, Series 65

Hixson, TN

Innovative Advisory Partners, LLC

Carolyn Fryar is a financial advisor at Innovative Advisory Partners, LLC with 13 years of industry experience. She holds Series 63 and Series 65 licenses and has previously worked at Franklin Wealth Management, Equitable Advisors LLC, and First Tennessee Brokerage, Inc. Fryar serves on the boards of the Kidney Foundation of Chattanooga and the Southeast Chapter American Red Cross. Innovative Advisory Partners, LLC advises individuals and high-net-worth clients, focusing on business-minded professionals and intergenerational planning. The firm offers portfolio management, financial planning, and retirement-plan guidance, using model strategies and a held-away asset aggregation platform to extend oversight beyond traditional custodial accounts.

Wealth management Options & derivatives strategies Founder/Business Owner Executive
user avatar

Neill H

Series 66

Hixson, TN

Innovative Advisory Partners, LLC

Neill Hatcher is a financial advisor with Innovative Advisory Partners, LLC, holding a Series 66 designation and bringing 20 years of industry experience. His prior roles include positions at Ameriprise Financial Services, Bank of America, Merrill Lynch, Purshe Kaplan Sterling Investments, and Summit Financial. Outside of his advisory work, he volunteers with the Alabama Golf Association assisting with golf tournaments, scoring, and rules. Innovative Advisory Partners, LLC serves individuals and high-net-worth clients, focusing on business-minded professionals and intergenerational planning. The firm offers discretionary and non-discretionary portfolio management, financial planning, and consulting services, utilizing model strategies and a held-away asset aggregation platform to provide comprehensive wealth management and client education.

Wealth management Options & derivatives strategies Founder/Business Owner Executive
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