Innovation Partners LLC. (Charlotte)

Name: Innovation Partners LLC.
Address: 5950 Fairview Road, Charlotte, NC, 28210
Telephone: 704-708-5461

Innovation Partners LLC. is a multi-state adviser based in Charlotte. It manages $158.4 million of regulatory assets for 1,122 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 37 other states.

Innovation Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and consulting services to qualified retirement plans. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Innovation Partners: assets under management

The assets under management (AUM) of Innovation Partners LLC. is $158.4 million. The firm's AUM has grown by 849% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $97.24 million in discretionary accounts and $61.16 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $137.15 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $148.09 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is other assets, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Innovation Partners LLC. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Patrick Emanuel Sutherland serves?

The only and largest group of clients of Patrick Emanuel Sutherland is individuals with 839 clients and $158.4 million of assets under management. Among the 12 most similar advisory firms, Innovation Partners has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $158.4 million for 839 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Innovation Partners doesn't advise any private funds.

Careers at Innovation Partners LLC.

The company employs 137 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 59 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Patrick Emanuel Sutherland has been acting as President since 1 Nov 2007. Innovation Partners Financial Services Llc joined the executive team most recently as the Stockholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Patrick Emanuel Sutherland	President/cfo/finop/ceo/cco	1 Nov 2007	50% - 75%	3042322
Yanique Elaine Lawrence	Coo	1 Mar 2009	50% - 75%	3234186
Lei Jiao	Finop/financial officer	1 Sep 2015	Other	xxx-xx-xxxx
E Stricker Holdings Llc	Stockholder	1 Sep 2015	75% - 100%	47-5100732
Lauren A Uyesugi	Compliance officer/principal	1 Sep 2015	Other	2889864
Thomas Joseph Vorenberg	Compliance and ria principal	1 Sep 2015	Other	1589190
Lauren Arnett Uyesugi	Compliance officer/principal	1 Sep 2015	Other	2889864
Donald Paul Lee	Co-chief compliance officer	1 Oct 2015	Other	1174842
Laurie Simon Miller	Principal/compliance principal	1 Sep 2016	Other	1130920
Jesse Michael Scudder Cotherman	Compliance officer /variable products mutual funds /principal	1 Jul 2017	Other	6603240
Donald Paul Lee	Compliance principal - consultant	1 Oct 2018	Other	1174842
Gregory Earl Smith	Cco	1 Dec 2018	Other	1252027
Gregory Earl Smith	Co-president	1 Jan 2019	Other	1252027
Peter Brown	Sr. compliance principal	1 Feb 2019	Other	1797329
Innovation Partners Financial Services Llc	Stockholder	1 Sep 2019	Other	83-4007015

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Patrick Emanuel Sutherland	Share holder	1 Sep 2015	Other	3042322
Yanique Elaine Lawrence	Share holder	1 Sep 2015	25% - 50%	3234186

Based in Charlotte

The principal office where Innovation Partners LLC. performs its advisory services is located at 5950 Fairview Road, Charlotte, NC 28210 The mailing address of the firm is 5950 Fairview Road, Charlotte, NC 28210. An additional office of the firm is in Centennial, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 704-708-5461 or by fax 980-265-1555. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at innovationpartnersllc.com.