Money Management. Financial Education. Sophisticated Advice.
All without the Big Bank
What is Innovate Wealth?
How are we different? We can better serve our clients by alleviating common issues of the financial services industry:
We are fiduciaries. That means we are required to make decisions and use products that are always in your best interest.
We handle every client individually, so you will never feel like you are ‘just a number!’
We refuse to sell products or take commissions, eliminating any conflict of interest with clients.
We are fee-only – your charges are easy to understand and cheaper than the ‘Big Banks.’
We don’t have investment restrictions or penalize you if you don’t have ‘enough’ money.
We focus on the people side of the business (you) and not the product side.
Over 60% of Americans have less than $1,000 in liquid savings.
Nearly 30% of Americans don’t have an emergency fund.
43% of Americans have not ‘spoken to anyone’ about retirement planning.
48% of those with a financial plan report living comfortably, compared to 22% without
From the start of our relationship, you’ll notice we cater our services to your needs. We set goals based on your life. There’s no guy screaming to buy or sell, just an objective, unemotional view of your financial world, good or bad. We organize so your financial plan fits on one page. Wouldn’t it be nice to get everything down to one page? We’ll show you how!
Everyone has a different relationship with money, all based on your individual values. We help you discover what those are and manage your money accordingly.
We created Innovate Wealth to serve everyone, regardless of their circumstance. We guarantee two things: we’re cheaper than your existing advisor, and we have the flexibility to fit your situation.
We are aligned with the best financial vendors on the market. As a client of Innovate Wealth, you’ll always have access to the most innovative, easy to use, interactive technology.
I was fortunate to attend the second annual Evidence-Based Investing conference on November 2nd in NYC, put on by the team over at Ritholtz Wealth Management, and once again it was excellent. I summarized this event last year, and others have more eloquently done so...
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Is Your Adviser Acting In Your Best Interest? If you’re a return visitor to this page, you’ll know that I’ve spent a lot of time discussing the Fiduciary Rule, and what it truly means when someone is acting in your best interest. This article discusses the behavior of...
Why should I care about Fiduciary management?
Most people working in the financial industry are not fiduciaries. By definition, that means they are not required to do what’s in your best interest. Don’t you want to work with an advisor that is required to work in your best interest? Innovate Wealth has chosen to operate as a true fiduciary, which means we are legally bound to make decisions in your best interest.
What are your investment minimums?
We don’t have them. We built Innovate Wealth on the premise that all people need financial advice that is unique to their circumstances, regardless of their assets or income. The large Wall Street firms have investment minimums because they are only interested in how profitable you are to them. We designed our firm so that everyone can receive the same quality advice.
What can I expect if I work with you?
Before we discuss investments or plans, we will spend time organizing your financial life and studying your needs and values. Only then can we align your investments and assets so they are maximized for your needs. We use the most modern and flexible technology to create a customized, online, interactive experience for every client.
What does fee-only mean?
It means the only way Innovate Wealth makes money is through a fee that we negotiate with you ahead of time. We do not sell products and do not accept commissions of any kind. Big banks and Wall Street financial advisors make money in many ways. They may charge you a fee, but they may also receive commissions on products they sell you, a percentage of mutual funds they buy for you, and other fees that you may not even know about. By being fee-only, we eliminate any conflicts of interest that commissions may present.
How do I know my money is safe?
Innovate Wealth will never take custody of your money. If we are managing your investments, your money will always be placed with a qualified custodian.
Where are you located?
We work with clients in 14 different states. As long as you are comfortable working virtually using the technology we provide, we’ll work with you anywhere and will likely have other clients nearby.
Our services are tailored to your needs! If your question hasn’t been answered, ask it here and we’ll email you a personalized response!