Financial Advocates Investment Management is a large advisory firm based in Olympia. It manages $2.83 billion of regulatory assets for 18,308 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 39 other states.
Financial Advocates Investment Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Financial Advocates Investment Management is $2.83 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4962% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Financial Advocates Investment Management for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Financial Advocates Investment Management is high net worth individuals with 3,051 clients and $1.66 billion of assets under management. Among the 10 most similar advisory firms, Financial Advocates Investment Management has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $2.83 billion for 11,337 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Financial Advocates Investment Management doesn't advise any private funds.
The company employs 151 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 119 employees are registered as investment adviser representatives with the state securities authorities.
There are 9 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Financial Advocates Investment Management performs its advisory services is located at 1601 Cooper Point Road Nw, Olympia, WA 98502, which is also the mailing address of the firm. An additional office of the firm is in Fresno, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 360-866-2345 or by fax 360-866-6920. The normal business hours are 7am to 5pm on Monday - Friday. You can find more information about the New York firm at wagstafffinancial.com and its LinkedIn profile.