The Advocate Group, LLC is a large advisory firm based in Minnetonka. It manages $340.38 million of regulatory assets for 795 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Minnesota, Ohio, and Wisconsin.
The Advocate Group provides financial planning services and portfolio management for individuals and small businesses. 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 The Advocate Group, LLC is $340.38 million. The firm's AUM has grown by 542% 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 The Advocate Group, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of The Advocate Group is individuals with 244 clients and $164.76 million of assets under management. Among the 10 most similar advisory firms, The Advocate Group has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $340.38 million for 313 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.
The Advocate Group doesn't advise any private funds.
The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone 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 The Advocate Group, LLC performs its advisory services is located at 601 Carlson Parkway, Minnetonka, MN 55305, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 952-693-2630 or by fax 952-693-2631. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at theadvocategroup.com.