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 Wealth Building LLC
Latest filing Aug 24, 2026
First filing on the tape May 19, 2021 · 32 filings
SEC status approved since Jun 21, 2021
RAUM
$657M
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
100%
$657M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$82.2M
derived; firm RAUM over IAPD count
Employees
17
8 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
32 filings and snapshots on the tape
RAUM$657M as of Aug 24, 2026
Mar 17, 2022$309M then
HNW client RAUM$378M as of Aug 24, 2026
Mar 17, 2022$149M then
State-registered IARs (5.B.3)8 as of Aug 24, 2026
Mar 17, 20224 then
Employees (5.A)17 as of Aug 24, 2026
Mar 17, 20228 then
Private funds: no history
RAUM +25% over the last fiscal year+23% a year over threeIARs 8 to 8
Practice profile
derived from the filing of Aug 24, 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
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $82.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 221derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $141,458derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 99%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.1derivedItem 5.A over advisors
- Advisors per office
- 2.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +25%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +21%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Financial planning clients
- 1,500reportedItem 5.H
- Wrap fee program
- $657MreportedItem 5.I
- Custody
- $434M, 1,783 clientsreportedItem 9.A
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$378M58%
- Individuals$279M42%
- Individual clients
- 1,567reported
- HNW clients
- 203reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 4,646reported
- Financial planning clients
- 1,500reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $434M for 1,783 clientsreported
- 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=0.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Jennifer Brooks Hill | California, Md | Jul 9, 2021 | 11 y | 1 |
| Warren P Brooks | California, Md | Jul 14, 2021 | 27 y | 3 |
| Carman Michael Kubanda | California, Md | Jun 1, 2023 | 14 y | 1 |
| Lee Weinstein | Studio City, Ca | Apr 30, 2024 | 13 y | 0 |
| Joseph Tyler Chavel | California, Md | Oct 19, 2024 | 12 y | 0 |
| Coy D Baldwin | California, Md | Jan 1, 2025 | 23 y | 0 |
| Vincent J Petrillo | California, Md | Dec 18, 2025 | 15 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 13% of current headcount1 left over 36 months
Left, latest
- Kennah G Parham to Private Advisor Group, LLCSep 3, 2026 · RIA to affiliated broker-dealer or bank
Joined, latest
- Carman Michael Kubanda from First Command Advisory ServicesJun 1, 2023 · Affiliated broker-dealer or bank to independent RIA
- Warren P Brooks from First Command Advisory ServicesJul 14, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- Jennifer Brooks Hill from First Command Advisory ServicesJul 9, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- Kennah G Parham from Pruco Securities, LLCJul 2, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
- Terry Everett Parham from Pruco Securities, LLCJun 24, 2021 · Affiliated broker-dealer or bank to a newly registered adviser
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from First Command Advisory ServicesAug 4, 2021 · Fort Worth, Tx
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Paul Warren Brooks · President & Ceocontrolsince 07/2021 · owns 25% to 50%
- Brooks Jennifer Hill · Managing Partnercontrolsince 07/2021 · owns 25% to 50%
- G Kennah Parham · Managing Partnercontrolsince 07/2021 · owns 25% to 50%
- Everett Terry Parham · Managing Member & Chief Compliance Officercontrolsince 03/2021 · owns 25% to 50%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| California, Md · principal | 8 | 1 | 0 | ||
| Sherman Oaks, Ca | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Sherman Oaks, CA2 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- HNW share shiftChange between filings · filing Mar 12, 2026HNW share of RAUM moved from 35.0% to 58.0% between the annual amendments of 2025-03-07 and 2026-03-12peers: independent wealth managers, $500M to $1B (1,483)
What changed
consecutive filings, newest first
- Accounts · 3,877 to 4,646Oct 7, 2025 to Mar 12, 2026
- HNW clients · 101 to 203Oct 7, 2025 to Mar 12, 2026
- Individual clients · 1,359 to 1,567Oct 7, 2025 to Mar 12, 2026
- Assets in custody · unset to 434141248.0Oct 7, 2025 to Mar 12, 2026
- Custody of client assets · false to trueOct 7, 2025 to Mar 12, 2026
- Discretionary RAUM · $507M to $650MOct 7, 2025 to Mar 12, 2026
- HNW RAUM · $182M to $378MOct 7, 2025 to Mar 12, 2026
- Individual RAUM · $343M to $279MOct 7, 2025 to Mar 12, 2026
- Non-discretionary RAUM · $18.4M to $7.2MOct 7, 2025 to Mar 12, 2026
- RAUM · $525M to $657MOct 7, 2025 to Mar 12, 2026
- Financial planning clients · More than 500 to More than 500Feb 28, 2025 to Mar 7, 2025
- Accounts · 3,301 to 3,877Sep 13, 2024 to Feb 28, 2025
- Charity clients · 1 to 0Sep 13, 2024 to Feb 28, 2025
- HNW clients · 90 to 101Sep 13, 2024 to Feb 28, 2025
- Individual clients · 1,279 to 1,359Sep 13, 2024 to Feb 28, 2025
- Financial planning clients · 26-50 to More than 500Sep 13, 2024 to Feb 28, 2025
- Discretionary RAUM · $0 to $507MSep 13, 2024 to Feb 28, 2025
- HNW RAUM · $132M to $182MSep 13, 2024 to Feb 28, 2025
- Individual RAUM · $286M to $343MSep 13, 2024 to Feb 28, 2025
- Non-discretionary RAUM · $419M to $18.4MSep 13, 2024 to Feb 28, 2025
- RAUM · $419M to $525MSep 13, 2024 to Feb 28, 2025
- Advisory employees · 7 to 8Feb 29, 2024 to May 2, 2024
- Employees · 16 to 17Feb 29, 2024 to May 2, 2024
- State-registered IARs · 7 to 8Feb 29, 2024 to May 2, 2024
- Accounts · 2,944 to 3,301Feb 6, 2024 to Feb 29, 2024
- Corporate clients · 1 to 0Feb 6, 2024 to Feb 29, 2024
- HNW clients · 30 to 90Feb 6, 2024 to Feb 29, 2024
- Individual clients · 1,008 to 1,279Feb 6, 2024 to Feb 29, 2024
- Financial planning clients · 51-100 to 26-50Feb 6, 2024 to Feb 29, 2024
- HNW RAUM · $42.1M to $132MFeb 6, 2024 to Feb 29, 2024
- Individual RAUM · $314M to $286MFeb 6, 2024 to Feb 29, 2024
- Non-discretionary RAUM · $356M to $419MFeb 6, 2024 to Feb 29, 2024
- RAUM · $356M to $419MFeb 6, 2024 to Feb 29, 2024
- Other offices · 1 to 2Aug 14, 2023 to Dec 21, 2023
- Advisory employees · 6 to 7Jun 20, 2023 to Jul 25, 2023
- Employees · 15 to 16Jun 20, 2023 to Jul 25, 2023
- State-registered IARs · 6 to 7Jun 20, 2023 to Jul 25, 2023
- Advisory employees · 5 to 6Mar 29, 2023 to Jun 20, 2023
- BD registered reps · 1 to 0Mar 29, 2023 to Jun 20, 2023
- Employees · 9 to 15Mar 29, 2023 to Jun 20, 2023
Signals
8 dated events
- Kennah G Parham left Innovative Wealth Building LLC for Private Advisor Group, LLC (registered 2026-09-15)Sep 3, 2026 · Advisor changed firm · fact
- Innovative Wealth Building Llc reported RAUM $657.2M, up 25% from $525.0M (2025-10-07 to 2026-03-12)Mar 12, 2026 · RAUM change · derived
- Innovative Wealth Building Llc reported RAUM $525.0M, up 25% from $418.7M (2024-09-13 to 2025-02-28)Feb 28, 2025 · RAUM change · derived
- Innovative Wealth Building Llc reported RAUM $321.8M, up 56% from $206.5M (2022-02-14 to 2022-03-10)Mar 10, 2022 · RAUM change · derived
- Brooks Jennifer Hill (Managing Partner) appeared on Schedule A of Innovative Wealth Building LlcJul 13, 2021 · Control person joined · fact
- Paul Warren Brooks (President & Ceo) appeared on Schedule A of Innovative Wealth Building LlcJul 13, 2021 · Control person joined · fact
- G Kennah Parham (Managing Partner) appeared on Schedule A of Innovative Wealth Building LlcJul 8, 2021 · Control person joined · fact
- Innovative Wealth Building Llc filed its initial SEC registration (Form ADV)May 19, 2021 · 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
- Business phone
- 240-237-8086reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 817-203-0885reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 818-290-3657reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/innovativewealthbuildingreportedpublic record, Form ADV, Sep 17, 2026
- Website
- innovativewealthbuilding.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 240-237-8086reportedpublic record, Form ADV, Aug 24, 2026
- Team page
- innovativewealthbuilding.com/our-teamreportedpublished by the firm, firm site, Sep 16, 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
- $82.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026