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

5

of 8 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

88

High

Average account size

$796,380

About

Prosperitus Wealth Advisors provides comprehensive financial planning and portfolio management to mass‑affluent individuals as well as business owners, entrepreneurs, executives, families and retirees. Its service menu covers wealth and investment management plus tax, estate, retirement, insurance and specialized business-owner services such as 10b5-1 plans, ESOPs, business valuations, executive transactions and hedging/monetization of concentrated equity positions.

The firm combines behavioral, charting, cyclical, fundamental and technical analysis and generally pursues long‑term strategies while permitting shorter-term trading when client goals or market conditions warrant. It delivers financial planning integrated with asset management, offers both discretionary and non‑discretionary arrangements, and provides participant education for retirement plans (including periodic seminars on request).

Compared with many peers, Prosperitus acts as the sponsor of a wrap fee program (described in Appendix 1), an arrangement that is relatively uncommon for team advisors. The firm also has an affiliated accounting entity offering tax preparation and bookkeeping services and discloses that some investment advisor representatives are licensed insurance agents, which clients should note as potential sources of conflicts alongside the firm’s use of sub‑advisors; assets under management were reported at $69.4 million as of December 31, 2025.

Client services

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

Expertise

Retirement income strategy Business exit / sale strategy General estate planning guidance Charitable giving & philanthropy

Occupation focus

Founder/Business Owner Executive

Demographic focus

Women Professionals Approaching retirement

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Fee options

Fixed

Typically ranges from $1,500 to $30,000 for financial planning

Percentage

$0 - $99,999.99: Up to 2.0% $100,000 - $249,999.99: Up to 1.9% $25,000,000++: Up to 1.8%

Project-based

$200 to $300 per hour

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.

Retirement income strategy Business exit / sale strategy General estate planning guidance Charitable giving & philanthropy Founder/Business Owner Executive Women Professionals Approaching retirement
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.

Retirement income strategy Business exit / sale strategy General estate planning guidance Charitable giving & philanthropy Founder/Business Owner Executive Women Professionals Approaching retirement
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.

Retirement income strategy Business exit / sale strategy General estate planning guidance Charitable giving & philanthropy Founder/Business Owner Executive Women Professionals Approaching retirement
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.

Retirement income strategy Business exit / sale strategy General estate planning guidance Charitable giving & philanthropy Founder/Business Owner Executive Women Professionals Approaching retirement
user avatar

Logan W

Series 63, Series 65

Hixson, TN

Innovative Advisory Partners, LLC

Logan Wingfield is a financial advisor at Innovative Advisory Partners, LLC with Series 63 and Series 65 licenses. He has worked in the financial industry since 2023, including a role at Franklin Wealth Management. Prior to his advisory career, he held positions in education and public broadcasting. Innovative Advisory Partners is a team-based firm that provides comprehensive financial planning and portfolio management to mass-affluent individuals, business owners, and executives. The firm employs a variety of analytical approaches and offers both discretionary and non-discretionary asset management, integrating financial planning with investment management.

Retirement income strategy Business exit / sale strategy General estate planning guidance Charitable giving & philanthropy Founder/Business Owner Executive Women Professionals Approaching retirement
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