Innovia Wealth, LLC

Innovia Wealth, LLC is a registered investment adviser founded by Michael Berkemeier in December 2017. The firm primarily serves high-net-worth clients, offering a range of advisory services tailored to meet their needs. Innovia Wealth provides investment management services on a discretionary basis, allowing clients to limit or prohibit investments. The firm also offers financial planning services covering various aspects such as income planning, retirement planning, and estate management. Additionally, Innovia Wealth manages accounts held by custodians like Fidelity and Schwab, with a focus on long-term investment holdings and asset allocation strategies. The firm engages in private fund management through Strategies+ TRM Equity Fund II and recommends private equity funds offered through the GLASfunds platform. Innovia Wealth receives compensation from GLAS based on net asset value, creating a conflict of interest disclosed in client referrals. The firm also provides family office services, with a separate tiered fee schedule. Innovia Wealth manages over $2 billion in discretionary assets and $317 million in non-discretionary assets as of December 31, 2024. Clients are required to have a minimum household account size of $1 million, which may be waived at the firm's discretion. The firm charges an annualized management fee based on a tiered structure, with fees ranging from 0.35% to 1.70% based on the custodian reported value. Clients can terminate services within specified periods without penalty. The firm does not charge performance-based fees and offers services to individuals, high-net-worth individuals, businesses, charities, and pension plans. Innovia Wealth utilizes various methods of analysis and investment strategies, including fundamental analysis, technical analysis, and asset allocation. The firm also discloses its disciplinary information, financial industry activities, and affiliations, ensuring transparency and compliance with regulatory requirements.