Financial Advocates Investment Management Named to Barron's 2020 List of Top U.S. RIA Firms

OLYMPIA, Wash., Oct. 9, 2020 /PRNewswire-PRWeb/ -- Financial Advocates Investment Management ("FAIM"), a leading provider of superior, concierge-level services to independent advisors has been named to Barron's prestigious 2020 list of the top 100 RIA firms in the United States. The Barron's rankings formula, based on a detailed questionnaire and other factors, included several new metrics this year, such as technology spending, staff diversity and succession planning.

"Since 1996, Financial Advocates has been a dedicated champion of growth for the advisors we serve, providing advice and support to those working independently and within financial institutions. Today, Financial Advocates is as focused as ever on effectively assisting advisors in several key areas and removing the obstacles they encounter when managing an independent practice," said Financial Advocates President and CEO Angela Vlach. "We are especially honored to be recognized by Barron's amongst the best in class of our peers."

In 2020, FAIM continues to attract top advisors with its leadership and growth initiatives and as a result, has seen significant growth over the last year in advisors and AUM. Ms. Vlach was also recently named as a new member of the LPL Financial Advisor Council and is one of 24 members selected from among more than 16,000 LPL advisors nationwide. The LPL Advisor Council provides a forum in which advisors representing a variety of business models ranging from small independent practices to large institutions, including banks and credit unions, serve as a sounding board for LPL. Members share ideas and suggestions, as well as challenges and concerns, to help drive the development of upcoming LPL programs, communications, products and services.

As of June 2020, FAIM across its multiple affiliation models, manages over $5.4 billion in assets under management*. The firm is one of the largest RIAs affiliated with LPL Financial, the nation's largest broker-dealer**.

About Financial Advocates
Financial Advocates, LLC (FA) and their Hybrid RIA, Financial Advocates Investment Management (FAIM), 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. FA's experienced and diverse staff delivers intensive support to advisors as they transition to an Independent Broker-Dealer, a Hybrid RIA, or pure RIA model to achieve greater independence. Advisors then enjoy concierge-level service in business development, regulatory compliance oversight, operations, IT, marketing and investment management. Financial Advocates and Financial Advocates Investment Management provide services to more than 200 independent financial advisors, several banks and credit unions, and more than 100 support staff.

Financial Advocates, Financial Advocates Investment Management, and its affiliates have 35 home office employees with office locations in Olympia, WA and Tacoma, WA. For more information, please visit http://www.financialadvocates.com.

About LPL Financial
LPL Financial is one of the nation's leading financial services companies and a publicly traded company under ticker symbol LPLA. The firm's mission is rooted in the belief that objective financial guidance is a fundamental need for everyone. LPL does not offer proprietary investment products or engage in investment banking activities; this means advisors affiliated with LPL are not pressured or influenced by LPL to sell its products. Thousands of financial advisors nationwide are able to rely on the firm's tools and resources to help them provide financial guidance and recommendations to help meet their clients' needs. For more information about LPL financial visit LPL.com.

*As of June 30, 2020
** As reported by Financial Planning magazine, June 1996-2020, based on total revenue

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

SOURCE Financial Advocates