Financial Advocates

Financial Advocates, LLC (FA) and its subsidiaries provide servant leadership in the financial advice market and serves as a financial advisor's primary ally through the transition, growth, and ongoing management of an independent practice. Organized in 1996, FA now serves over $8.8 billion in brokerage and advisory assets; $3 billion in advisory assets managed through the registered investment advisor, Financial Advocates Investment Management (FAIM) as of 12/31/2018; $1.1 billion in advisory assets managed through the registered investment advisory subsidiary to LPL Financial (LPL) as of 12/31/2018; $3 billion in brokerage assets served through LPL as of 12/31/2018 and $1.6 billion in advisory assets under advisement through the registered investment advisor, Financial Advocates Investment Management (FAIM) as of 12/31/2018. FA's experienced and diverse staff delivers intensive support to advisors as they transition to an Independent Broker-Dealer, a Hybrid RIA, or a RIA to achieve pure independence. Advisors then enjoy concierge-level service in business development, regulatory compliance oversight, operations, IT, marketing and investment management. FA provides services to more than 200 independent financial advisors, 9 banks and credit unions, and more than 100 support staff.