# 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.

- CRD: 155270
- Filed as: THE ADVOCATE GROUP, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minnetonka, MN
- Filing period: October 2026
- Form ADV filing dated: September 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155270
- AdvisorCensus page: https://advisorcensus.com/firm/the-advocate-group-llc-minnetonka-mn-155270

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 2, 2026)

- Up to $2,000,000: 0.95% a year
- Above $2,000,000: 0.75% a year

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $809,930,205
- Discretionary: $808,204,119
- Non-discretionary: $1,726,086

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 124 | $27,087,923 |
| High net worth individuals | 222 | $754,973,100 |
| Charitable organizations | 48 | $27,869,182 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2011 (15 years)
- Employees: 17 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, MN, OH, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- theadvocategroup.com
- LinkedIn @THE-ADVOCATE-GROUP

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $484,470,710 | 13 | March 15, 2021 |
| October 2022 | $588,186,921 | 13 | August 29, 2022 |
| October 2023 | $591,053,993 | 15 | February 17, 2023 |
| October 2024 | $635,903,379 | 17 | February 14, 2024 |
| October 2025 | $713,330,620 | 17 | February 17, 2025 |
| October 2026 | $809,930,205 | 17 | September 19, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. The Advocate Group, LLC (CRD 155270): Form ADV filing data as of October 2026.