Wealth manager, independent · Atlanta, GA
Advocacy Wealth Management, LLC
SEC-registered investment adviser · CRD 141943 · SEC 801-77677
At a glance
Advocacy Wealth Management, LLC is an SEC-registered investment adviser based in Atlanta, Georgia, with $3.2B in regulatory assets under management as of its Form ADV filed August 3, 2026. It reports 1,658 individual clients, 649 of them high-net-worth, holding an average of about $1.7 million each, and 36 employees. That ranks it 328th among the nation’s 5,657 independent wealth management RIAs and 18th of 171 in Georgia. It reports 3 custodians for its clients’ separately managed accounts: Reliance Trust, Fidelity and Charles Schwab.
Main office 404-836-7146advocacywealth.comAs filed on Form ADV
- Regulatory AUM
- $3.2B
- Rank among independent wealth managers
- #328 of 5,657
- Rank among all SEC RIAs
- #2,701 of 17,210
- Rank in Georgia
- #18 of 171
- Individual clients
- 1,658
- High-net-worth clients
- 649
- Accounts
- 2,234
- Discretionary
- 97% of AUM
- Employees
- 36
- Advisory staff
- 26
- Offices
- 6
Owners and executives on its Form ADV
- Thomas M. JohnsonCEO Emeritus
- Charles E. MarkwalterCEO
- Courtland G. PhillipsPresident
- Henry H. PhillipsPresident
- Jay J. ButlerChief Financial Officer
- Julie L. CurlessChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Advocacy Wealth Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 649 | $2.3B | 69% |
| Individuals | 1,009 | $492M | 15% |
| Charitable organizations | 14 | $351M | 11% |
| Corporations or other businesses | 48 | $143M | 4% |
| Pension and profit sharing plans | – | $4M | <1% |
Disciplinary disclosures
Advocacy Wealth Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗advocacywealth.com ↗
AtlasMembers
The full record on Advocacy Wealth Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,256 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Georgia
All of Georgia →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Aprio Wealth Management, LLCAtlanta | $4.2B | 1,592 |
| BT Family Office, LLCAtlanta | $4.0B | 10 |
| Henssler FinancialKennesaw | $3.8B | 1,609 |
| LCP Institutional, LLCAtlanta | $3.2B | 119 |
| MontagAtlanta | $3.0B | 477 |
| Bison Wealth, LLCAtlanta | $2.7B | 8,569 |
Background
Questions
How much does Advocacy Wealth Management, LLC manage?
Advocacy Wealth Management, LLC reports $3.2B in regulatory assets under management across 2,234 accounts, 97% of it on a discretionary basis, on its Form ADV filed August 3, 2026.
How many clients does Advocacy Wealth Management, LLC have?
It reports 1,658 individual clients: 649 high-net-worth individuals and 1,009 other individuals. Individuals account for about 85% of its regulatory assets.
Where is Advocacy Wealth Management, LLC headquartered?
Its main office is in Atlanta, Georgia. It reports 6 offices in total and 36 employees, 26 of whom perform investment advisory functions.
How does Advocacy Wealth Management, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Advocacy Wealth Management, LLC use?
It reports 3 custodians for its clients’ separately managed accounts: Reliance Trust, Fidelity and Charles Schwab. On Schedule D of its Form ADV filed August 3, 2026, it reports these amounts held: Reliance Trust ($1.4B); Fidelity ($1.2B); Charles Schwab ($363M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Advocacy Wealth Management, LLC a hybrid RIA with a broker-dealer?
Advocacy Wealth Management, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Advocacy Wealth Management, LLC a fiduciary?
As an SEC-registered investment adviser, Advocacy Wealth Management, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Advocacy Wealth Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-03), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →