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Monetary Advocates Celebrates 25 Years in Enterprise, Expands Advertising and marketing Consulting Companies to Help Monetary Advisors in 2021

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In early 2020, Financial Advocates supported its clients in one of the toughest financial years since the recession by providing IT advisory services, virtual events and expanded resources through partnerships.

Financial Advocates, LLC (FA), a leading provider of superior concierge services to independent advisors, announced that it will close in 2020, providing more than $ 10.8 billion in brokerage and advisory assets since it was its A network of independent financial advisors helped cope with the pandemic. The company is now celebrating its 25th anniversary and is well on its way to increasing the AUM by more than 20 percent by the end of the first quarter of 2021.

In early 2020, Financial Advocates supported its clients in one of the toughest financial years since the recession by providing IT advisory services, virtual events and expanded resources through partnerships. As businesses closed and face-to-face meetings restricted, the company revamped its business strategy to provide world-class equipment and training so that consultants can continue to serve their clients virtually. As a result, financial advocates added an average of 2-3 new advisers per month to their advisory network in 2020.

“With the rapid changes imposed on the financial services industry in 2020, we expect a significant increase in the number of advisors prioritizing digital marketing tactics to reach millennial investors,” said Angela Vlach, President and CEO of Financial Advocates. “Financial Advocates will continue this dynamic through 2021 by strengthening the educational resources available to our network and focusing our efforts on delivering the quality of service needed to effectively support these advisors and their businesses.”

Financial Advocates added Executive Vice President and Chief Growth Officer Elvis Medica to its leadership team. In his role, Medica will drive the company’s focus on growth in business consulting, business development, marketing and portfolio management. To support this endeavor, FA has partnered with a financial planner and CFP to provide an additional level of quality control and enable FA consultants to provide comprehensive financial plans to their clients.

Financial advocates were honored last year for their growth. FA was featured on Barron’s * prestigious list of the Top 100 RIA Firms in the United States and was featured in the top tier of 379 companies that represent Washington State’s money managers. In addition, LPL Financial’s CEO Angela Vlach has been appointed as a new member of the LPL Advisor Council. Vlach is one of 24 members selected from more than 17,000 LPL consultants across the country to act as a sounding board for LPL Financial.

The company plans to continue its two-pronged approach of advising and recruiting more independent consultants. The company looks forward to welcoming many more advisors to the Financial Advocates family, including those who have joined the company following the recent acquisition of Waddell and Reed by LPL Financial.

In the coming year, the company plans to offer financial advisors more than 20 educational events, workshops and networking opportunities through a hybrid model of in-person and online events.

For more information, please visit Financialadvocates.com.

About finance lawyers

Financial Advocates, LLC (FA) and their hybrid RIA, Financial Advocates Investment Management (FAIM), lead the financial advisory market and act as the financial advisor’s primary ally through the transition, growth, and ongoing management of an independent practice. The experienced and diverse staff at FA provide consultants with intensive support in transitioning to an independent broker-dealer, a hybrid RIA or a pure RIA model in order to achieve greater independence. Consultants then enjoy concierge services covering business development, regulatory compliance monitoring, 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 their affiliates employ 35 home office workers with offices in Olympia, WA and Tacoma, WA. More information is available at http://www.financialadvocates.com.

* Barron’s ranking formula, based on a detailed questionnaire and other factors, included several new metrics this year, such as: B. Technology spending, diversity of workforce and succession planning.

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

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