Innova Wealth, LLC is a registered investment advisor based in Houston, Texas, offering ongoing portfolio management and financial planning services. Founded in 2014 and led by Charles Alden Roe, the firm builds customized investment portfolios based on each client's specific goals, risk tolerance, and time horizon using fundamental analysis and modern portfolio theory. Innova Wealth tailors its strategies, including time-segmented income distribution approaches for retirees, and allows clients to place restrictions on certain securities. In addition to direct portfolio management, Innova Wealth can recommend third-party investment managers like Asset Dedication, LLC. The firm operates as a fiduciary, legally required to act in your best interest when providing advice. Innova Wealth does not participate in bundled fee programs and custody client assets primarily through Charles Schwab & Co., Inc.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.5M | 0.80% |
| $2.5M - $5.0M | 0.60% |
| $5.0M - $10.0M | 0.45% |
| $10M+ | 0.35% |
Fees are generally negotiable.