AdvisorCensus / Financial advisors / Minnesota / Minneapolis / The Advocate Group, LLC
The Advocate Group, LLC is an SEC-registered investment advisory firm in Minnetonka, MN, registered since 2011, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated September 19, 2026.
Quick answers
From the filingHow is The Advocate Group, LLC compensated?
On its Form ADV (Item 5.E, October 2026), The Advocate Group, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
How much does The Advocate Group, LLC charge?
Its Form ADV Part 2A brochure dated February 2, 2026 states: Up to $2,000,000: 0.95% a year; Above $2,000,000: 0.75% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is The Advocate Group, LLC located?
The Advocate Group, LLC's principal office is in Minnetonka, MN, according to its Form ADV.
Is The Advocate Group, LLC registered with the SEC or a state?
The Advocate Group, LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 155270.
How much does The Advocate Group, LLC manage?
The Advocate Group, LLC reports $809,930,205 in regulatory assets under management in its Form ADV filing dated September 19, 2026 (100% discretionary).
How have The Advocate Group, LLC's assets and staff changed since 2021?
In the Form ADV data for The Advocate Group, LLC: Regulatory assets under management: $484,470,710 in the October 2021 data and $809,930,205 in the October 2026 data, up 67%. Total employees: 13 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does The Advocate Group, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (222); individuals (other than high net worth individuals) (124); charitable organizations (48).
Which custodians does The Advocate Group, LLC use?
The Advocate Group, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does The Advocate Group, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/155270
What changed in The Advocate Group, LLC's recent Form ADV filings?
In the March 2026 filing data: Regulatory assets under management went from $713,330,620 to $809,930,205 (+14%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $2,000,000 | 0.95% |
| Above $2,000,000 | 0.75% |
The brochure's wording
The annual investment advisory fee for services shall be a percentage of the account balance. The percentage calculation shall be determined by The Advocate Group’s tiered fee schedule, which spans from 0.35% to 0.95%.
First $2,000,000 x 0.95% = $19,000 Next $2,500,000 x 0.75% = $18,750
As stated in the firm's Form ADV Part 2A brochure dated February 2, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$809,930,205 as of October 2026, filing dated September 19, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2011 (15 years)
- Employees
- Total: 17. Performing investment advisory functions: 11.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
8 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $809,930,205 | 17 | September 19, 2026 |
| October 2025 | $713,330,620 | 17 | February 17, 2025 |
| October 2024 | $635,903,379 | 17 | February 14, 2024 |
| October 2023 | $591,053,993 | 15 | February 17, 2023 |
| October 2022 | $588,186,921 | 13 | August 29, 2022 |
| October 2021 | $484,470,710 | 13 | March 15, 2021 |
Regulatory assets under management: $484,470,710 in the October 2021 data and $809,930,205 in the October 2026 data, up 67%.
Total employees: 13 in October 2021 and 17 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- March 2026
- Regulatory assets under management went from $713,330,620 to $809,930,205 (+14%).
- January 2026
- No longer registered or notice-filed in NH.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. The Advocate Group, LLC (CRD 155270): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/the-advocate-group-llc-minnetonka-mn-155270