Innovative Capital Advisors, LLC (Chicago)

Name: Innovative Capital Advisors, LLC
Address: 222 South Riverside Plaza, Chicago, IL, 60606
Telephone: 312-263-6408

Innovative Capital Advisors, LLC is a large advisory firm based in Chicago. It manages $385.31 million of regulatory assets for 30 client accounts. It has been registered with the SEC as an adviser since 2012.

Innovative Capital Advisors provides porfolio management of trusts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Innovative Capital Advisors: assets under management

The assets under management (AUM) of Innovative Capital Advisors, LLC is $385.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 51% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $385.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $12.84 million each.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Innovative Capital Advisors, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Innovative Capital Advisors serves?

The only and largest group of clients of Innovative Capital Advisors is insurance companies with 30 clients and $385.31 million of assets under management. Among the 11 most similar advisory firms, Innovative Capital Advisors has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $385.31 million for 30 clients. None of the firm’s clients are foreign persons or businesses.

Innovative Capital Advisors doesn't advise any private funds.

Careers at Innovative Capital Advisors, LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Alan Dillon	Member	1 Aug 2002	Other	4347541
Donald Glenwood Kane	Member	1 Aug 2002	Other	1215499
David Emerson Ogdon	Member	1 Aug 2002	Other	4356942
Kevin Stewart Ellis	Member	1 Aug 2002	Other	6037281
Peter Spyridon Mavrogenes	Member and chief compliance officer	1 Mar 2012	Other	4356938

Based in Chicago

The principal office where Innovative Capital Advisors, LLC performs its advisory services is located at 222 South Riverside Plaza, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Leawood, KS. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-263-6408 or by fax 877-783-4432. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at icadv.com.