DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Financial Advocates Investment Management

Former SEC-registered adviserOlympia, WashingtonCRD 151298SEC 801-71546websiteIAPD
Latest filing Sep 9, 2025
First filing on the tape Mar 23, 2012 · 192 filings
SEC status approved since Jun 15, 2010
RAUM
$4.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$3.9B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
85
85 advisory (5.B.1)
Offices
16
beyond the principal office
Private funds
0
reported on Schedule D
History
192 filings and snapshots on the tape
RAUM$4.1B as of Sep 9, 2025
Sep 26, 2012$152M then
HNW client RAUM$2.6B as of Sep 9, 2025
Sep 27, 2018$2.2B then
State-registered IARs (5.B.3)72 as of Sep 9, 2025
Sep 26, 20120 then
Employees (5.A)85 as of Sep 9, 2025
Sep 27, 201347 then
Private funds: no history
RAUM +5.7% over the last fiscal year-2.4% a year over threeIARs 85 to 72offices 56 to 16
Practice profile
derived from the filing of Sep 9, 2025; every figure names its basis
RAUM per advisor
$56.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
149derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$887,659derivedHNW RAUM over HNW clients
Average account
$222,799derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
1.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
4.2derived17 offices incl. principal (1.F.5)
RAUM growth, one year
+5.7%derivedbetween the last two annual amendments
Advisor growth, one year
-15%derivedItem 5.B.3 between annual amendments
Client growth, one year
-7.1%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$2.6B65%
  • Individuals$1.3B32%
  • Corporations and businesses$72.0M1.8%
  • Pension and profit-sharing plans$58.0M1.4%
  • Charitable organizations$15.1M0.4%
Individual clients
7,738reported
HNW clients
2,961reported
Pension plan clients
97reported
Charitable clients
36reported
Accounts
18,288reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
30 left, 0 joined in 12 months
net -30 in 12 months0 left in 90 days0 joined in 90 days110 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Ray Gary Campbell · Managing Member/ Cso / Chairmancontrol
    since 11/2019 · owns less than 5%
  • Elaine Angela Vlach · President / Chief Executive Officercontrol
    since 11/2019 · owns less than 5%
  • Roger Douglas Whittle · Chief Compliance Officercontrol
    since 01/2019 · owns less than 5%
  • Ray Gary Campbell · Ownercontrol
    since 06/2000 · owns 75% or more of Fa Holdings, Inc.
Entity owners
  • Financial Advocates, LLC · Owner
    direct · owns 75% or more
  • Fa Holdings, Inc. · Owner
    indirect · owns 75% or more of Financial Advocates, LLC
  • Lle Holdings, LLC · Owner
    indirect · owns 50% to 75% of Financial Advocates, LLC
Related persons
Schedule D 7.A
  • Financial Advocates, LLC
    real estaten
Advisers that list Financial Advocates Investment Management as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Aliso Viejo, Ca000
Anacortes, Wa000
Beaverton, Or001
Bellevue, Wa000
Bend, Or001
Canby, Or0021
Cody, Wy000
Coeur D Alene, Id000
Coeur Dalene, Id000
Draper, Ut000
Estero, Fl000
Fort Smith, Ar000
Hayden, Id001
Kailuakona, Hi001
Lake Forest, Ca000
Leavenworth, Wa000
Lihue, Hi001
Medford, Or000
Mercer Island, Wa000
Mesa, Az000
All 42 offices
Offices
Schedule D 1.F, the 25 largest
  • Yakima, WA8 employees
  • Napa, CA8 employees
  • Seattle, WA7 employees
  • Tacoma, WA6 employees
  • Canby, OR6 employees
  • Edmonds, WA6 employees
  • Oregon City, OR5 employees
  • Rock Springs, WY5 employees
  • Denver, CO4 employees
  • Port Angeles, WA4 employees
  • Bend, OR4 employees
  • Lacey, WA4 employees
  • Roseville, CA3 employees
  • Spokane, WA3 employees
  • Sandy, OR3 employees
  • University Place, WA2 employees
  • Hayden, ID2 employees
  • Medford, OR2 employees
  • Tigard, OR2 employees
  • Vancouver, WA2 employees
  • , 2 employees
  • Tualatin, OR2 employees
  • Cody, WY2 employees
  • Tumwater, WA2 employees
  • Leavenworth, WA1 employees
What changed
consecutive filings, newest first
  • Other offices · 48 to 16
    Aug 27, 2025 to Sep 9, 2025
  • Financial planning clients · 51-100 to 51-100
    Jun 13, 2025 to Jul 10, 2025
  • Accounts · 19,268 to 18,288
    Jan 6, 2025 to Apr 30, 2025
  • Advisory employees · 98 to 85
    Jan 6, 2025 to Apr 30, 2025
  • BD registered reps · 76 to 70
    Jan 6, 2025 to Apr 30, 2025
  • Charity clients · 35 to 36
    Jan 6, 2025 to Apr 30, 2025
  • Corporate clients · 88 to 87
    Jan 6, 2025 to Apr 30, 2025
  • HNW clients · 2,918 to 2,961
    Jan 6, 2025 to Apr 30, 2025
  • Individual clients · 8,603 to 7,738
    Jan 6, 2025 to Apr 30, 2025
  • Pension plan clients · 98 to 97
    Jan 6, 2025 to Apr 30, 2025
  • Employees · 99 to 85
    Jan 6, 2025 to Apr 30, 2025
  • State-registered IARs · 85 to 72
    Jan 6, 2025 to Apr 30, 2025
  • Other offices · 56 to 48
    Jan 6, 2025 to Apr 30, 2025
  • Discretionary RAUM · $3.9B to $4.1B
    Jan 6, 2025 to Apr 30, 2025
  • HNW RAUM · $2.2B to $2.6B
    Jan 6, 2025 to Apr 30, 2025
  • Individual RAUM · $1.5B to $1.3B
    Jan 6, 2025 to Apr 30, 2025
  • Pension RAUM · $42.7M to $58.0M
    Jan 6, 2025 to Apr 30, 2025
  • RAUM · $3.9B to $4.1B
    Jan 6, 2025 to Apr 30, 2025
  • Accounts · 20,722 to 19,268
    Feb 1, 2024 to Apr 1, 2024
  • Advisory employees · 136 to 98
    Feb 1, 2024 to Apr 1, 2024
  • BD registered reps · 105 to 76
    Feb 1, 2024 to Apr 1, 2024
  • Charity clients · 26 to 35
    Feb 1, 2024 to Apr 1, 2024
  • Corporate clients · 79 to 88
    Feb 1, 2024 to Apr 1, 2024
  • HNW clients · 3,122 to 2,918
    Feb 1, 2024 to Apr 1, 2024
  • Individual clients · 9,334 to 8,603
    Feb 1, 2024 to Apr 1, 2024
  • Pension plan clients · 118 to 98
    Feb 1, 2024 to Apr 1, 2024
  • Employees · 149 to 99
    Feb 1, 2024 to Apr 1, 2024
  • Insurance-licensed employees · 3 to 1
    Feb 1, 2024 to Apr 1, 2024
  • State-registered IARs · 113 to 85
    Feb 1, 2024 to Apr 1, 2024
  • Other offices · 71 to 56
    Feb 1, 2024 to Apr 1, 2024
  • Discretionary RAUM · $3.6B to $3.9B
    Feb 1, 2024 to Apr 1, 2024
  • HNW RAUM · $2.1B to $2.2B
    Feb 1, 2024 to Apr 1, 2024
  • Individual RAUM · $1.4B to $1.5B
    Feb 1, 2024 to Apr 1, 2024
  • Pension RAUM · $35.9M to $42.7M
    Feb 1, 2024 to Apr 1, 2024
  • RAUM · $3.6B to $3.9B
    Feb 1, 2024 to Apr 1, 2024
  • Related adviser · true to false
    Feb 1, 2024 to Apr 1, 2024
  • Wrap assets (manager) · 0.0 to unset
    Feb 1, 2024 to Apr 1, 2024
  • Wrap assets (sponsor) · 0.0 to unset
    Feb 1, 2024 to Apr 1, 2024
  • Accounts · 21,844 to 20,722
    Mar 3, 2023 to Mar 31, 2023
  • Advisory employees · 147 to 136
    Mar 3, 2023 to Mar 31, 2023
Signals
60 dated events
  • Financial Advocates Investment Management no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $4.1B)
    Apr 1, 2026 · Left the SEC roster · derived
  • Gary Ray Campbell left Financial Advocates Investment Management for Hightower Advisors, Llc (registered 2026-07-10)
    Mar 10, 2026 · Advisor changed firm · fact
  • Angela Elaine Vlach left Financial Advocates Investment Management for Financial Advocates Advisory Services (registered 2012-03-05)
    Mar 10, 2026 · Advisor changed firm · fact
  • Brian David Babb left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-28)
    Nov 13, 2025 · Advisor changed firm · fact
  • Michael Todd Thayer left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-28)
    Nov 13, 2025 · Advisor changed firm · fact
  • Andre Nicholas Lister left Financial Advocates Investment Management for Signaline Investments (registered 2016-04-28)
    Oct 31, 2025 · Advisor changed firm · fact
  • John Murray Davis left Financial Advocates Investment Management for Signaline Investments (registered 2016-04-28)
    Oct 31, 2025 · Advisor changed firm · fact
  • Adam Joel Reugh left Financial Advocates Investment Management for Acp Investment Management (registered 2025-09-30)
    Oct 31, 2025 · Advisor changed firm · fact
  • Angela Yvonne Denna left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-28)
    Oct 23, 2025 · Advisor changed firm · fact
  • Colin Brant Allen Maulding left Financial Advocates Investment Management for 4:8 Financial (registered 2025-08-08)
    Oct 23, 2025 · Advisor changed firm · fact
  • Grant Clinton Smith left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-28)
    Oct 23, 2025 · Advisor changed firm · fact
  • Forbes Michael Robinson left Financial Advocates Investment Management for Western Wealth Management Llc (registered 2025-09-12)
    Oct 23, 2025 · Advisor changed firm · fact
  • Travis Justin Stolcis left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-27)
    Oct 23, 2025 · Advisor changed firm · fact
  • Christopher Lee Harris left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-28)
    Oct 23, 2025 · Advisor changed firm · fact
  • Lynn Marie Widmann left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-28)
    Oct 23, 2025 · Advisor changed firm · fact
  • Michael Eugene Geitner left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-28)
    Oct 23, 2025 · Advisor changed firm · fact
  • John Joseph Cordeiro left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-28)
    Oct 23, 2025 · Advisor changed firm · fact
  • 3 advisors left Financial Advocates Investment Management (Vancouver, WA) for LPL Financial LLC on the same day
    Oct 23, 2025 · Team lift-out · derived
  • Asher Stevens Carlson left Financial Advocates Investment Management for 4:8 Financial (registered 2025-08-14)
    Oct 23, 2025 · Advisor changed firm · fact
  • Michael Allen Colvin left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-28)
    Oct 23, 2025 · Advisor changed firm · fact
  • Andrew Grant Ulibarri left Financial Advocates Investment Management for Ember Wealth Concepts & Financial Planning (registered 2025-08-27)
    Oct 23, 2025 · Advisor changed firm · fact
  • Paul Stevens Carlson left Financial Advocates Investment Management for 4:8 Financial (registered 2025-08-14)
    Oct 23, 2025 · Advisor changed firm · fact
  • James Walter Dimarco left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-08-29)
    Oct 23, 2025 · Advisor changed firm · fact
  • 6 advisors left Financial Advocates Investment Management (Napa, CA) for LPL Financial LLC on the same day
    Oct 23, 2025 · Team lift-out · derived
  • 2 advisors left Financial Advocates Investment Management (Canby, OR) for 4:8 Financial on the same day
    Oct 23, 2025 · Team lift-out · derived
  • James Mark Morrison left Financial Advocates Investment Management for Lpl Financial Llc (registered 2025-06-13)
    Sep 25, 2025 · Advisor changed firm · fact
  • Kyle Wayne Johnston left Financial Advocates Investment Management for Independent Advisor Alliance, Llc (registered 2025-08-29)
    Sep 25, 2025 · Advisor changed firm · fact
  • Nelson Robert Larson left Financial Advocates Investment Management for Independent Advisor Alliance, Llc (registered 2025-08-29)
    Sep 25, 2025 · Advisor changed firm · fact
  • 3 advisors left Financial Advocates Investment Management (Oregon City, OR) for Independent Advisor Alliance, LLC on the same day
    Sep 25, 2025 · Team lift-out · derived
  • John Hoagland Easley left Financial Advocates Investment Management for Independent Advisor Alliance, Llc (registered 2025-08-29)
    Sep 25, 2025 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026