DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Innovative Advisory Partners, LLC

Independent wealth managerHixson, TennesseeCRD 156135SEC 801-78600websiteIAPD
Latest filing Apr 6, 2026
First filing on the tape Jun 7, 2012 · 38 filings
SEC status approved since Oct 9, 2013
RAUM
$352M
reported, Item 5.F
Discretionary
97%
of RAUM
Private clients
100%
$352M individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$58.7M
derived; firm RAUM over IAPD count
Employees
8
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
38 filings and snapshots on the tape
RAUM$352M as of Apr 6, 2026
Jun 7, 2012$74.0M then
HNW client RAUM$285M as of Apr 6, 2026
Mar 21, 2018$26.6M then
State-registered IARs (5.B.3)6 as of Apr 6, 2026
Jun 7, 20120 then
Employees (5.A)8 as of Apr 6, 2026
Dec 19, 20136 then
Private funds: no history
RAUM +35% over the last fiscal year+27% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Apr 6, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
RAUM per advisor
$58.7MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
74derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$5.5MderivedHNW RAUM over HNW clients
Average account
$260,429derivedRAUM over accounts (5.F.2.f)
Discretionary
97%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+35%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+9.7%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisers, educational seminars, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$285M81%
  • Individuals$67.0M19%
  • Charitable organizations$100,0000.0%
Individual clients
390reported
HNW clients
52reported
Pension plan clients
0reported
Charitable clients
1reported
Accounts
1,352reported
Financial planning clients
11-25reported
Wrap fee programs
$0 sponsored, $280M managedreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=4.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Joe David FranklinCertified Financial PlannerHixson, TnMar 17, 201730 y3
Neill B HatcherHixson, TnApr 30, 202423 y4
Carolyn Ann FryarHixson, TnDec 18, 202515 y1
Samuel Carter PayneHixson, TnDec 18, 202515 y0
Logan Tyler WingfieldHixson, TnApr 9, 202610 y0
Charles Thomas NicholsonHixson, TnJun 18, 202612 y0
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • David Joe Franklin · Chief Compliance Officer / Chief Executive Officercontrol
      since 08/2019 · owns less than 5%
    • David Joe Franklin · Ownercontrol
      since 05/2010 · owns 75% or more of Franklin Wealth Management, LLC
    Entity owners
    • Franklin Wealth Management, LLC · Owner
      direct · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Hixson, Tn · principal640
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    ADV anomalies
    1 against comparable advisers; where to look, not conclusions
    • RAUM up 25 %Change between filings · filing Apr 6, 2026
      RAUM (Item 5.F) moved from $260,400,000 to $352,100,000 (+35.0%) between the annual amendments of 2025-04-01 and 2026-04-06; the peer median change was +15.0% (4551 comparable advisers, 90.0th percentile of changes)
      peers: independent wealth managers, $100M to $500M (4,551) · 90% percentile
    How anomalies are measured
    What changed
    consecutive filings, newest first
    • Accounts · 1,108 to 1,352
      Apr 1, 2025 to Mar 31, 2026
    • HNW clients · 161 to 52
      Apr 1, 2025 to Mar 31, 2026
    • Individual clients · 242 to 390
      Apr 1, 2025 to Mar 31, 2026
    • Financial planning clients · 26-50 to 11-25
      Apr 1, 2025 to Mar 31, 2026
    • Discretionary RAUM · $252M to $343M
      Apr 1, 2025 to Mar 31, 2026
    • HNW RAUM · $206M to $285M
      Apr 1, 2025 to Mar 31, 2026
    • Individual RAUM · $46.0M to $67.0M
      Apr 1, 2025 to Mar 31, 2026
    • Non-discretionary RAUM · $8.3M to $8.9M
      Apr 1, 2025 to Mar 31, 2026
    • RAUM · $260M to $352M
      Apr 1, 2025 to Mar 31, 2026
    • Wrap assets (manager) · $191M to $280M
      Apr 1, 2025 to Mar 31, 2026
    • Accounts · 1,033 to 1,108
      Mar 30, 2024 to Apr 1, 2025
    • HNW clients · 129 to 161
      Mar 30, 2024 to Apr 1, 2025
    • Individual clients · 228 to 242
      Mar 30, 2024 to Apr 1, 2025
    • Financial planning clients · 26-50 to 26-50
      Mar 30, 2024 to Apr 1, 2025
    • Discretionary RAUM · $192M to $252M
      Mar 30, 2024 to Apr 1, 2025
    • HNW RAUM · $160M to $206M
      Mar 30, 2024 to Apr 1, 2025
    • Individual RAUM · $32.0M to $46.0M
      Mar 30, 2024 to Apr 1, 2025
    • Non-discretionary RAUM · $6.7M to $8.3M
      Mar 30, 2024 to Apr 1, 2025
    • RAUM · $199M to $260M
      Mar 30, 2024 to Apr 1, 2025
    • Wrap assets (manager) · $0 to $191M
      Mar 30, 2024 to Apr 1, 2025
    • Accounts · 834 to 1,033
      Mar 31, 2023 to Mar 30, 2024
    • Charity clients · 0 to 1
      Mar 31, 2023 to Mar 30, 2024
    • HNW clients · 121 to 129
      Mar 31, 2023 to Mar 30, 2024
    • Individual clients · 229 to 228
      Mar 31, 2023 to Mar 30, 2024
    • Discretionary RAUM · $170M to $192M
      Mar 31, 2023 to Mar 30, 2024
    • HNW RAUM · $139M to $160M
      Mar 31, 2023 to Mar 30, 2024
    • Individual RAUM · $31.0M to $32.0M
      Mar 31, 2023 to Mar 30, 2024
    • Non-discretionary RAUM · $0 to $6.7M
      Mar 31, 2023 to Mar 30, 2024
    • RAUM · $170M to $199M
      Mar 31, 2023 to Mar 30, 2024
    • Accounts · 1,226 to 834
      Mar 30, 2022 to Mar 31, 2023
    • Advisory employees · 8 to 6
      Mar 30, 2022 to Mar 31, 2023
    • BD registered reps · 7 to 4
      Mar 30, 2022 to Mar 31, 2023
    • Charity clients · unset to 0.0
      Mar 30, 2022 to Mar 31, 2023
    • Corporate clients · unset to 0.0
      Mar 30, 2022 to Mar 31, 2023
    • HNW clients · 105 to 121
      Mar 30, 2022 to Mar 31, 2023
    • Individual clients · 211 to 229
      Mar 30, 2022 to Mar 31, 2023
    • Pension plan clients · unset to 0.0
      Mar 30, 2022 to Mar 31, 2023
    • Pooled vehicle clients · unset to 0.0
      Mar 30, 2022 to Mar 31, 2023
    • Employees · 9 to 8
      Mar 30, 2022 to Mar 31, 2023
    • State-registered IARs · 8 to 6
      Mar 30, 2022 to Mar 31, 2023
    Signals
    4 dated events
    • Innovative Advisory Partners, Llc reported 0 offices beyond its principal office, down from 6 (2020-10-09 to 2020-10-09)
      Oct 9, 2020 · Office count change · derived
    • Stuart William Wood (Owner) no longer on Schedule A of Innovative Advisory Partners, Llc (listed 2019-09-20, absent 2020-03-28)
      Mar 28, 2020 · Control person left · inference
    • Stuart William Wood (Owner) appeared on Schedule A of Innovative Advisory Partners, Llc
      Aug 26, 2019 · Control person joined · fact
    • Franklin Wealth Management filed its initial SEC registration (Form ADV)
      Sep 17, 2013 · First SEC registration · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    How to reach
    public business contact points only, each with its source
    Website
    INNOVATIVERIA.COMreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    423-870-2140reportedpublic record, Form ADV, Apr 6, 2026
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $58.7Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026