News Summary
Innovia Wealth has established its first office in the metro Detroit area, located in downtown Birmingham. This strategic expansion into Michigan marks Innovia’s third office, alongside locations in Grand Rapids and Chicago. The firm, known for its adaptive wealth management services, aims to enhance its regional presence while providing accessible solutions for clients. The new office signifies Innovia’s commitment to growth and client service in the Midwest.
Birmingham, Michigan – Innovia Wealth, a respected independent registered investment advisor, has officially opened its first office in the metro Detroit area, in a move aimed at enhancing its presence in the Midwest. The new office is located at the Browne Street Centre, 255 East Brown St., in downtown Birmingham, Michigan, where the firm has leased 2,200 square feet of space. The strategic decision to establish a location in Birmingham comes as Innovia aims to grow its headcount and expand into a larger space within the same building as the business develops.
The expansion marks Innovia Wealth’s third office, complementing its existing locations in Grand Rapids, Michigan, and Chicago. The firm has built a reputation since its founding in 2007 as a boutique wealth management firm, eventually evolving into one of the most respected independent advisors in the region. Innovia Wealth has garnered recognition for its rapid growth, including being named the fastest-growing registered investment advisor (RIA) in Michigan by Citywire in 2022.
Innovia Wealth offers a comprehensive suite of financial services designed for individuals and families. These services include financial planning, investment management, exit planning, tax and legal support, estate planning, and retirement advice. The firm is focused on adapting its services to meet the needs of a diverse clientele, striving to provide accessible financial solutions.
The real estate process for Innovia’s new office was overseen by Savills Managing Director Peter McGrath and Associate Director Austin Brooks, emphasizing the attention to detail involved in securing the right space for the firm’s operations in the Detroit area. Mark G. Ghafari, a partner at Innovia Wealth, noted the strategic significance of the Birmingham location, highlighting its status as a hub for regional business partners and professionals as a key factor in the firm’s expansion efforts.
This new office not only represents a commitment to growth but also underscores Innovia Wealth’s dedication to providing clients with easy access to its comprehensive wealth management services in a prime business location. As the firm continues to grow, the Birmingham office is expected to play a crucial role in facilitating relationships with clients and regional partners alike.
Innovia Wealth was established with the goal of providing tailored wealth management solutions that adapt to the changing landscapes of the financial market, ensuring that its clients receive the best advice and support. The firm’s success in Michigan is indicative of its strong foundation and responsive service model, evident in the decision to broaden its footprint into metro Detroit.
As Innovia Wealth establishes its presence in Birmingham, it is poised to contribute to the local economy while continuing to serve its clients with a broad range of financial services. As the firm grows, it is likely that its contributions to the Birmingham community will also expand, aligning with its commitment to accessibility and exceptional service in the wealth management industry.
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Additional Resources
- DBusiness: Innovia Wealth Expands Midwest Presence
- Wikipedia: Investment Management
- Citywire: Fastest-Growing RIA in Michigan
- Google Search: Innovia Wealth
- Savills: Real Estate Services
- Encyclopedia Britannica: Wealth Management
Author: STAFF HERE GRANDRAPIDS WRITER
GRAND RAPIDS STAFF WRITER The GRAND RAPIDS STAFF WRITER represents the experienced team at HEREGrandRapids.com, your go-to source for actionable local news and information in Grand Rapids, Kent County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as ArtPrize, Festival of the Arts, and World of Winter. Our coverage extends to key organizations like the Grand Rapids Chamber of Commerce and Grand Rapids Community Foundation, plus leading businesses in furniture, healthcare, and technology that power the local economy such as Steelcase, Spectrum Health, and Meijer. As part of the broader HERE network, including HEREDetroitMI.com, HERENorthville.com, HERENovi.com, and HEREPlymouth.com, we provide comprehensive, credible insights into Michigan's dynamic landscape.
