Financial Advocates Investment Management
Assets Under Management
$4.1B
Number of Clients
10,919
Number of Advisors
3
Average Client AUM
$373K
AUM per Advisor
$1.4B
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
FAIM provides investment advice through a network of IARs. They offer investment management, hourly consulting, financial planning, and pension consulting. Their Guided Wealth Portfolio (GWP) program uses algorithms to manage investments through an interactive portal.
Fee Structure
Fees for the GWP Managed Service include an LPL program fee of 0.35% and a FAIM fee of up to 1.00%. A minimum account value of $5,000 is required to enroll in the GWP Managed Service. FutureAdvisor is compensated directly by LPL for its services, including the Algorithm and related software, through an annual sub-advisory fee (tiered based on assets under management by FutureAdvisor, at a rate ranging from 0.10% to 0.17%).
Areas of Practice
Location
1601 Cooper Point Road Nw, Olympia, WA, 98502