Overview
A. Description of the Advisory Firm
Innovative Wealth Building LLC (hereinafter “IWB”) is a Limited Liability Company
organized in the State of Maryland. The firm was formed in March 2021, and the principal
owners are Terry Everett Parham, Kennah Parham, Jennifer Hill and Warren Brooks.
B. Types of Advisory Services
Portfolio Management Services
IWB offers ongoing portfolio management services based on the individual goals,
objectives, time horizon, and risk tolerance of each client. IWB creates an Investment
Policy Statement for each client, which outlines the client’s current situation (income, tax
levels, and risk tolerance levels) and then constructs a plan to aid in the selection of a
portfolio that matches each client's specific situation. Portfolio management services
include, but are not limited to, the following:
• Investment strategy • Personal investment policy
• Asset allocation • Asset selection
• Risk tolerance • Regular portfolio monitoring
IWB evaluates the current investments of each client with respect to their risk tolerance
levels and time horizon. IWB does not exercise discretionary authority in order to select
securities and execute transactions without permission from the client. Risk tolerance
levels are documented for each client family.
IWB seeks to provide that investment decisions are made in accordance with the fiduciary
duties owed to its accounts and without consideration of IWB’s economic, investment or
other financial interests. To meet its fiduciary obligations, IWB attempts to avoid, among
other things, investment or trading practices that systematically advantage or
disadvantage certain client portfolios, and accordingly, IWB’s policy is to seek fair and
equitable allocation of investment opportunities/transactions among its clients to avoid
favoring one client over another over time. It is IWB’s policy to allocate investment
opportunities and transactions it identifies as being appropriate and prudent among its
clients on a fair and equitable basis over time.
Financial Planning & Consulting
Financial plans and financial planning may include, but are not limited to: investment
planning; life insurance; tax concerns; retirement planning; college planning; and
debt/credit
planning. Financial consulting services may include, but are not limited to:
investment consulting; insurance consulting; tax consulting; retirement consulting;
education consulting; and debt/credit consulting.
Services Limited to Specific Types of Investments
IWB generally limits its investment advice to fixed income securities, insurance products
including annuities, equities and ETFs (including ETFs in the gold and precious metal
sectors). IWB may use other securities as well to help diversify a portfolio when
applicable.
C. Client Tailored Services and Client Imposed Restrictions
IWB will tailor a program for each individual client. This will include an interview session
to get to know the client’s specific needs and requirements as well as a plan that will be
executed by IWB on behalf of the client. IWB may use model allocations together with a
specific set of recommendations for each client based on their personal restrictions, needs,
and targets. Clients may impose restrictions in investing in certain securities or types of
securities in accordance with their values or beliefs. However, if the restrictions prevent
IWB from properly servicing the client account, or if the restrictions would require IWB
to deviate from its standard suite of services, IWB reserves the right to end the
relationship.
D. Wrap Fee Programs
IWB acts as portfolio manager for and sponsor of a wrap fee program, which is an
investment program where the client pays one stated fee that includes management fees,
transaction costs, and certain other administrative fees. However, this brochure describes
IWB’s non-wrap fee advisory services; clients utilizing IWB’s wrap fee portfolio
management should see IWB’s separate Wrap Fee Program Brochure. IWB manages the
investments in the wrap fee program, but does not manage those wrap fee accounts any
differently than it would manage non-wrap fee accounts. IWB receives the advisory fee
set forth in Item 5 below as a management fee under the wrap fee program. Please also
see Item 5 and Item 12 of this brochure.
E. Assets Under Management
IWB has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$ 0.00 $ 356,124,188 .00 December 2022