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Financial Advocates Named as a Finalist for Two WealthManagement.com 2019 Industry Awards
OLYMPIA, WA., JUNE 26, 2019 – Financial Advocates has been named a finalist for WealthManagement.com’s 2019 Industry Awards in two categories; Non-Custodial RIA Support Platforms for their enhanced Virtual Custom Services and Succession/Ownership Transition Services (Non-Custodian Broker/Dealer) for their new Advisor Succession M&A Insight Workshops.
“Our business structure and team’s diverse industry experience enable us to dive in and create programs that respond quickly to the needs of independent advisors,” said Gary Campbell, CEO, and Chairman of Financial Advocates. “Currently, advisors need reliable and comprehensive outsourcing solutions so they can remain focused on growth. They also need increased knowledge of mergers, acquisitions, and succession planning to maximize new opportunities that exist. We’ve responded to these needs with new initiatives that meet our advisors where they are at now.”
In the past eighteen months, Financial Advocates has expanded its Virtual Custom Services offering and launched new workshops as part of their Succession Planning Services. Here is an overview of the initiatives placing Financial Advocates as a finalist for the 2019 WealthManagement.com Industry Awards:
Non-Custodial RIA Support Platforms for Virtual Custom Services – Several new custom services have been added to Financial Advocates’ Virtual Custom Services program to become a one-stop-outsourcing resource for advisors. New Virtual Custom Services include financial planning, para-planning, trading, marketing, website design/support, and virtual broker. With over twelve virtual services now offered, advisors need only one number to call for reliable outsourcing support.
Succession/Ownership Transition Services (Non-Custodian Broker/Dealer) for Advisor Succession M&A Insights Workshops – Financial Advocates’ new workshops are an enhancement to the firm’s existing succession planning services which include matchmaking services, business valuation services, cash flow analysis, transition planning and implementation. The free two-hour workshops provide advisors in the Pacific Northwest with an exclusive opportunity to learn, network and plan. Advisors leave with a better understanding of new finance options that exist and what they need to do to prepare for a merger or acquisition in the future.
More than 650 nomination entries were received this year from 262 companies. Winners will be announced on September 12, 2019. This is the first year Financial Advocates has submitted a nomination to be considered.
About Financial Advocates
Financial Advocates, LLC (FA) provides 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 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, several 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.