Financial Innovations, LLC (Atlanta)

Name: Financial Innovations, LLC
Address: 6111 Peachtree Dunwoody Road, Atlanta, GA, 30328
Telephone: 404-458-0065

Financial Innovations, LLC is a large advisory firm based in Atlanta. It manages $213.16 million of regulatory assets for 781 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Colorado, Florida, Georgia, and 3 other states.

Financial Innovations provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Financial Innovations: assets under management

The assets under management (AUM) of Financial Innovations, LLC is $213.16 million. The firm's AUM has grown by 0% since the beginning of its operation, and $30 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $212.33 million in discretionary accounts and $830 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $273.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $166 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 32% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 30% of the firm’s portfolio. Investments in exchange traded securities form 26% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Innovations, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Financial Innovations serves?

The only and largest group of clients of Financial Innovations is high net worth individuals with 262 clients and $213.16 million of assets under management. Among the 11 most similar advisory firms, Financial Innovations has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $213.16 million for 262 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Financial Innovations doesn't advise any private funds.

Careers at Financial Innovations, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Laura Kim Schilling	Manager	1 Feb 2005	75% - 100%	4523323
Laura Kim Schilling	Chief compliance officer	1 Jan 2007	75% - 100%	4523323

Based in Atlanta

The principal office where Financial Innovations, LLC performs its advisory services is located at 6111 Peachtree Dunwoody Road, Atlanta, GA 30328, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 404-458-0065 or by fax 404-393-3063. The normal business hours are 8:00-5:00 est on Monday - Friday. You can find more information about the New York firm at financialinnovations.biz.