Innovest Portfolio Solutions

What Innovest Portfolio Solutions does

Innovest Portfolio Solutions is a fee-only Registered Investment Adviser founded in 1996 and headquartered in Denver, Colorado. The firm provides fiduciary investment consulting to three primary client segments: corporate retirement plans, nonprofit organizations (including endowments and foundations), and high-net-worth families. Its service offering spans investment policy statement development, manager due diligence and selection, performance monitoring, and ongoing plan governance support, delivered by a consulting bench of principals, vice presidents, directors, and analysts.

The firm operates without proprietary trading or portfolio management technology, instead relying on established third-party platforms — Orion for portfolio accounting and reporting, Addepar for wealth reporting, and Salesforce for CRM — to support its consulting workflows. Innovest has invested in operational scale through the 2020 acquisition of ACG, additional offices in Florida and Georgia, and a dedicated Faith-Based Investing practice serving values-aligned religious organizations. Recent senior hires, including Eric Koeplin (formerly of Milestone Group with $2B AUM), indicate expansion into family wealth management alongside the institutional practice.

The business model is consulting-fee based with no commission or product-sold revenue, consistent with its RIA fiduciary standard. Reported client retention of 98% and a multi-decade operating history support revenue stability, though no disclosed revenue figures or AUM attributable to Innovest's advisory book are publicly available. The firm has been recognized through industry awards (Forbes, Best Places to Work) since 2014 and ranks among the larger U.S. investment consulting firms by personnel.

Name

Innovest Portfolio Solutions

Legal name

Innovest Portfolio Solutions

Website

https://innovestinc.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Innovest Portfolio Solutions is a fee-only Denver-based Registered Investment Adviser founded in 1996 that provides fiduciary investment consulting to corporate retirement plans, nonprofits, and high-net-worth families across multiple U.S. states.

Ownership category

akta.pro rank

Product category

Investment Consulting Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Corporate Retirement Plan Advisory RIAs (ERISA 401(k)/403(b)) (FSAAACAF)

akta.pro secondary industries

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Retirement & Distribution Planning RIAs (401(k)/IRA/Pension Rollovers) (FSAAACAE)

Keywords

• Investment consulting services
• Retirement plan advisory
• Nonprofit endowment management
• Family office services
• Fee-only RIA

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Fee-Only Investment Consulting: Innovest operates as a fee-only registered investment advisor with no commission structures or product-based incentives. Revenue is generated through consulting fees for investment advisory services to retirement plans, nonprofits, and wealthy families. The firm has no conflicts from commission structures or product incentives.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Innovest Portfolio Solutions is a fee-only Registered Investment Adviser providing fiduciary investment consulting to retirement plan sponsors, nonprofit organizations, and wealthy families. Services span investment manager selection, due diligence, portfolio construction, retirement plan design, ongoing monitoring, and Family CIO services, delivered through a team-based, conflict-free model with no commission structures or product incentives.

Product overview

Innovest Portfolio Solutions is a fee-only Registered Investment Adviser providing undivided investment consulting services. The firm operates as a single unified advisory service rather than a platform-with-modules architecture. The core offerings include Retirement & Benefit Plans Consulting, Nonprofits Investment Consulting, Families & High Net Worth Individuals Consulting, Family CIO Services, and Faith-Based Investing. These services are unified by the firm's fiduciary approach and fee-only compensation model, with no conflicts from commissions or product incentives. The firm also provides research and market intelligence through the InnoViews Quarterly Report.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement & Benefit Plans Consulting Fiduciary investment consulting services for retirement plan sponsors (corporate and public 401(k), 403(b), defined benefit plans), focused on improving retirement outcomes, reducing fiduciary risk, designing plan menus, implementing investment policy, and providing participant education.
• Nonprofits Investment Consulting Investment consulting services for nonprofit organizations, including foundations, endowments, and charitable organizations focused on stewarding assets to further clients' charitable missions through investment policy development, endowment management, and mission-aligned investing.
• Families & High Net Worth Individuals Consulting Fee-only investment consulting for wealthy families and individuals, providing conflict-free financial advice, portfolio management, investment policy development, and generational wealth transfer planning.
• Family CIO Services Chief Investment Officer services for families, providing comprehensive investment oversight and management, including investment policy, asset allocation, manager selection, and ongoing governance support.
• Faith-Based Investing Values-based investment consulting services aligned with faith-based principles for institutional and individual clients, including Christian institutional investing and faith-aligned portfolio construction.
• InSight Employee Benefit Communications Employee benefit communications subsidiary of Innovest Portfolio Solutions, providing benefit communication services to employer clients.

Quantifiable outcome

• 98% client retention rate
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• 3ethoscoreStrategic or Co-development Partner3ethos is the official company for Behavioral Governance and Neuro-fiduciary. They provide research examining interrelationships between Leadership, Stewardship, and Governance. Innovest believes 3ethos education and programs accelerate development of key decision-makers in leadership and stewardship roles.
• Addepar, Inc.coreTechnology or IntegrationAddepar provides a client reporting platform specializing in data aggregation, analytics, and portfolio accounting. They help Innovest build comprehensive client portfolio apps and views.
• American PhilanthropicminorStrategic or Co-development PartnerAmerican Philanthropic provides strategic consulting around capital campaigns, donor engagement, grant writing, and fundraising for nonprofit clients. Innovest shares passion in helping nonprofits achieve financial goals.
• Arrupe Jesuit High SchoolcoreStrategic or Co-development PartnerInnovest is a partner in Arrupe Jesuit High School's Corporate Work Study Program (CWSP) since 2014. The school provides college preparatory education and work experience by partnering with local businesses. Innovest employs four students and contributes to tuition.
• Orion Portfolio SolutionscoreTechnology or IntegrationOrion Portfolio Solutions provides a portfolio accounting system that seamlessly integrates flexible technology and hands-on product support. Innovest uses this for client login and portfolio management.
• Plante Moran IT ConsultingminorImplementation/ SI/ Consulting PartnerPlante Moran provides technology services including outsourced IT support to help assess and provide constant evaluation of potential gaps, risks, security vulnerabilities, and identify opportunities for improvement.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• AndCo Consulting: Independent investment consulting firm focused on public pensions, endowments, foundations, and corporate retirement plans. Direct competitor for nonprofit and public-sector mandates of comparable size to Innovest's client book.
• Verus: Institutional investment consulting firm serving retirement plans, foundations, endowments, and HNW clients. Direct peer in consulting model and client mix; competes head-to-head for mid-size DC plan and endowment mandates.
• Mercer Advisors: National fee-only RIA serving retirement plans, nonprofits, foundations, and HNW families with a 'Wealth Coach' team model. Highly comparable to Innovest in client mix, fee-only structure, and target customer, though larger and more geographically dispersed.
• Cambridge Associates: Investment advisor to foundations, endowments, and private clients — directly comparable to Innovest's nonprofits and HNW practice. Operates at significantly larger scale but pursues the same OCIO / consulting model for institutional mission-driven investors.
• Marquette Associates: Mid-size institutional investment consulting firm serving retirement plans, endowments, foundations, and HNW clients. Directly comparable peer in size, service mix, and target segments; competes for the same plan sponsor RFPs.
• NEPC: Independent, fee-only investment consulting firm focused on institutional clients including retirement plans, endowments, and foundations. Closely aligned with Innovest on fee-only consulting model and client segments, with similar national-but-mid-tier scale.
• Meketa Investment Group: Employee-owned institutional investment consulting and OCIO firm advising public pensions, corporate plans, endowments, and foundations. Closely comparable to Innovest's retirement and nonprofit consulting practice and similarly positioned as an independent alternative to mega-consultants.

Broad incumbents

• Willis Towers Watson (Investment): Global advisory firm with a substantial investment line serving pension plans, endowments, and insurance general accounts. Comparable to Innovest in retirement and institutional advisory but as part of a much broader consulting and brokerage portfolio.
• Mercer (Investment Consulting): Global consulting giant offering investment advisory across pensions, endowments, and wealth. Overlaps Innovest in retirement plan and OCIO consulting but operates at vastly larger scale with broader HR/benefits offerings.
• Aon (Retirement & Investment): Global incumbent offering retirement plan consulting, investment advisory, and OCIO. Directly competes with Innovest on large DC plan RFPs but bundles actuarial, benefits administration, and insurance services beyond Innovest's scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/innovestinc
• Facebookfacebook.com/innovestportfoliosolutions
• LinkedInlinkedin.com/company/innovest-portfolio-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Innovest Portfolio Solutions