Financial Advocates Investment Management Recognized as a Top 100 RIA ETF Power User

"Our unique structure empowers advisors to build their practices as they see fit."

OLYMPIA, WA, March 06, 2019 /24-7PressRelease/ -- RIA Channel has identified Financial Advocates Investment Management (FAIM), a subsidiary of Financial Advocates, as one of the top 100 RIAs to be a power user of exchange-traded funds (ETFs). FAIM is ranked #48 on the Top 100 RIA ETF Power Users list with ETF assets under management exceeding half a billion of their combined $3 billion under management as of December 31st, 2018.

"We are one firm with many choices for independent advisors," said Angela Vlach, President, and COO of Financial Advocates. "Our unique structure empowers advisors to build their practices as they see fit. We created our Double Leaf Portfolio Strategies to provide a sound choice for advisors wanting to maximize not only mutual funds but also ETFs for their clients."

RIA database determined which leading wealth management firms to recognize by evaluating the following characteristics: 1) total assets managed for high net worth and non-high net worth individual clients; 2) each firm provides comprehensive wealth management services; 3) any firm may be a family office or may provide family office services; and/or 4) firms may provide financial planning services. Broker-dealers were excluded from the ranking and only U.S. RIAs with unrestricted Form ADVs clear of any disciplinary disclosures to the SEC were considered.

About 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.

Financial Advocates and its affiliates have 28 home office employees with office locations in Olympia, WA and Tacoma, WA. For more information, please visit www.financialadvocates.com.

*As of December 2018

Securities offered through LPL Financial, Member FINRA/SIPC. Financial Planning and Investment advice offered through Financial Advocates Investment Management, a registered investment advisor. Financial Advocates Investment Management, Financial Advocates and LPL are separate entities.

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