Innovative Financial Advisors provides financial planning and refers clients to third-party money managers for investment management. Financial planning services include determining financial objectives, identifying financial problems, cash flow management, tax planning, insurance review, education funding, retirement planning, and estate planning. Brian Breckenridge, the owner, is also an independent insurance agent.
Fee Structure
Innovative Financial Advisors refers clients to Gradient Investments, LLC for investment management. Gradient Investments offers various portfolios, and the annual fee is a percentage of your portfolio. Innovative Financial Advisors receives a portion of this fee as a referral fee. Here are the annual fees for different portfolio types:
- Strategic Portfolios: 2.00% (1.00% to Gradient Investments, 1.00% to Innovative Financial Advisors)
- Tactical Portfolios: 1.80% (0.80% to Gradient Investments, 1.00% to Innovative Financial Advisors)
- Allocation & Defined Outcome Portfolios: 1.70% (0.70% to Gradient Investments, 1.00% to Innovative Financial Advisors)
- Preservation Portfolios: 1.00% (0.40% to Gradient Investments, 0.60% to Innovative Financial Advisors)
- Private Wealth Portfolios: 1.50% (0.50% to Gradient Investments, 1.00% to Innovative Financial Advisors)
- Client Directed Accounts: $300 flat fee to Gradient Investments, $0 to Innovative Financial Advisors
These fees are negotiable. A technology fee of $15 per quarter is also charged.