Innovest Portfolio Solutions, LLC

Overview

Innovest Portfolio Solutions, LLC provides investment advice to private clients and institutions from its base in Denver, United States.²⁸ Its website describes an independent business whose work spans retirement consulting, nonprofit portfolios and family investing.² For families, its offering includes investment research, portfolio oversight and coordination with other advisers.⁴⁵

The firm's family chief investment officer service brings together advice and reporting across a family's investment relationships.⁵ Its published approach covers public and private holdings, including investments overseen by outside managers.⁵ Innovest also describes applying experience gained through institutional consulting to its work with individual investors.⁴

History

Richard Todd and Wendy Dominguez founded Innovest in 1996.² The Denver Metro Chamber of Commerce's 2024 profile describes a business that began with five employees and remained independent and owned by employees at the time of that publication.⁸

In 2024, the chamber named Innovest a finalist for its Small Business of the Year award.⁸ The chamber's account also identifies a continuing model in which clients pay for investment consulting through fees.⁸ The founders remain listed in executive leadership on the firm's current team page.³

Timeline

1. 1996Richard Todd and Wendy Dominguez founded Innovest in 1996.
2. 2024The Denver Metro Chamber of Commerce's 2024 profile describes a business that began with five employees and remained independent and owned by employees at the time of that publication.

Leadership

Richard Todd is CEO, principal and cofounder.³ Wendy Dominguez is president, principal and cofounder.³ Peter Mustian is COO and principal.³ The firm's leadership roster also names Gordon Tewell and Nancy Swanson as principals.³

Innovest says it assigns consultants to client teams according to their expertise and uses a collaborative approach to client issues.³ Its team description links the delivery of advice to shared work across the firm.³

Services

For families and individuals, Innovest researches investment managers, products and strategies, and provides reports that bring investment information together.⁴ Its family CIO service coordinates with advisers already working for a family and reviews proposed investments against the family's interests.⁵

Tax considerations form part of this work, including identifying possible savings and arranging for investment providers to coordinate the information needed for tax reporting.⁵ Families also receive a combined view of holdings spread across separate investment relationships, including private assets.⁵ The firm describes support for investment policy, implementation, due diligence and performance monitoring.⁵

Innovest also offers outsourced chief investment officer services, commonly called OCIO, in which clients delegate investment decision authority to the firm.⁶ Innovest says it agrees the scope of that discretion with each client and separately offers nondiscretionary consulting, where clients retain final investment decisions.⁶

What the firm offers

• Tax planning
• Retirement planning

Client focus

Families and individuals with substantial wealth are a stated client group.⁴ The family CIO offering addresses households with multiple investment advisers and portfolios held through several entities.⁵

Innovest's Form ADV identifies individual clients, including high net worth individuals, pension plans, charities and state or municipal clients.¹ Innovest's nonprofit practice also lists foundations, endowments, educational organizations, healthcare organizations, associations and religious institutions.⁷ Its nonprofit work considers each organization's objectives, cash needs, investment horizon and tolerance for risk.⁷

Investment philosophy and approach

The firm says it emphasizes a repeatable investment process and begins portfolio construction by discussing the client's ability to accept risk.⁶ It describes combining client objectives with estimates of future returns, risk and relationships among asset classes.⁶

Innovest says diversification should extend across asset classes and strategies.⁶ It considers both active and passive management, weighing costs, taxes, market characteristics and client preferences.⁶ Its manager research combines numerical analysis with professional assessment of the people and strategy behind an investment.⁶

The firm says an investment policy statement records the client's objectives, liquidity needs, investment horizon and other circumstances.⁶ It describes annual policy and allocation reviews, supported by quarterly reporting that examines the reasons for investment results.⁶

By the numbers

FAQs

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Sources

1. SEC Form ADV, Innovest Portfolio Solutions, LLC, Item 5.D Accessed October 23, 2026.
2. Innovest website Accessed October 23, 2026.
3. Innovest team Accessed October 23, 2026.
4. Innovest families and individuals Accessed October 23, 2026.
5. Innovest family CIO services Accessed October 23, 2026.
6. Innovest investment philosophy Accessed October 23, 2026.
7. Innovest nonprofit services Accessed October 23, 2026.
8. Denver Metro Chamber of Commerce, 2024 Business Awards Small Business of the Year Finalists Published in 2024. Accessed October 23, 2026.

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.