Innovative Wealth Partners, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Innovative Wealth Partners operates as a solicitor-only independent adviser that refers clients to third-party investment managers rather than providing direct portfolio management, custody, or discretionary trading. The firm’s brochure notes it works with individual and high-net-worth clients by arranging referrals and does not maintain assets under management.
The firm’s process centers on selecting and referring licensed third-party advisers and documenting those relationships in client-solicitor agreements; it does not review ongoing manager performance after referral. Compensation is received via negotiated fee-sharing with the selected managers and IWP states it collects its portion in arrears while clients receive reports from the third-party adviser or custodian.
Noteworthy aspects disclosed in the brochure include that the firm’s principal is a licensed insurance agent and may offer commissionable insurance products to clients, a relationship the firm acknowledges can create conflicts of interest and is disclosed to clients. The firm also does not use percentage-of-AUM billing and limits its services to solicitation and referrals—features that set it apart from many independent advisers that directly manage client portfolios.
Client services
Main office
Palm Desert CA
Advisors at this office
1
Most active in
California
Also doing business as
Balance, Rich A. · Innovative Wealth Partners, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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