The Advocate Group, LLC
Assets Under Management
$713.3M
Number of Clients
385
Number of Advisors
11
Average Client AUM
$1.9M
AUM per Advisor
$64.8M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
The Advocate Group offers financial planning and investment management services tailored to individual client needs. Financial planning covers various topics, including investment management, tax planning, retirement/cash flow modeling, estate design, risk management, and philanthropic planning. Investment management involves ongoing supervision of client investment accounts with discretionary or non-discretionary trading authorization.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $2.0M | 0.95% |
| $2M+ | 0.75% |
Fee Estimator
Financial planning fees range from $2,500 to $20,000 initially, and $1,500 to $15,000 for ongoing services, depending on complexity. Investment management fees are tiered, ranging from 0.35% to 0.95% annually, based on the account balance. For example, a $4,500,000 portfolio would incur a total fee of 0.84%. Clients with $3,000,000 or more in investment management receive financial planning services as part of their investment management fee. Fees are negotiable and can be reduced or charged as a flat fee at the firm's discretion.
Areas of Practice
Location
601 Carlson Parkway, Suite 1100, Minnetonka, MN, 55305