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INNOVATIVE PRIVATE WEALTH MANAGEMENT INC.
CRD 324586File 801-127387
APPROVED
Retail clients
Custody
Filing as of Sep 17, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$367.0M
Below cohort median (national)
Discretionary AUM
$285.4M
Non-discretionary $81.6M
Clients
417
711 accounts
Employees
10
Below cohort median in NY
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- NYRO
- Registration date
- Feb 27, 2023
- Principal office
- 361 ROUTE 202, SOMERS, NY, 10589
- Phone
- 914-427-8036
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $367.0M
- Discretionary AUM
- $285.4M
- Non-discretionary AUM
- $81.6M
- Discretionary accounts
- 704
- Non-discretionary accounts
- 7
- Total accounts
- 711
- AUM per client
- $880K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 18 | $82.5M |
| High net worth individuals | 22 | $62.3M |
| Pooled investment vehicles | 8 | $138.0M |
| Individuals (other than high net worth individuals) | 369 | $84.2M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- Yes
- Firm Custody Clients
- Yes
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| May 1, 2026 | Employees | 7 | 10 | increased by3 |
| May 1, 2026 | Clients | 381 | 417 | increased by36 |
| May 1, 2026 | AUM | $118,258,916 | $367,006,766 | increased by$248,747,850 |
| May 1, 2026 | Accounts | 633 | 711 | increased by78 |
| May 1, 2025 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “INNOVATIVE PRIVATE” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“INNOVATIVE PRIVATE” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.