Financial Advocates' Growth Continues with the Onboarding of Wealth Management Solutions, LLC

    OLYMPIA, WA, February 03, 2018 /24-7PressRelease/ -- Financial Advocates' explosive growth in 2017 continued in the fourth quarter with the transition of Wealth Management Solutions, LLC, a firm specializing in private wealth and family office management in Newport Beach, California.

Richard Riva and Martin Lombrano, partners of Wealth Management Solutions, LLC, decided to partner with Financial Advocates after learning about the independent advisor group's reputation among elite advisors with evolved business models. "We found the expertise of the Financial Advocates' team to be complementary to our practice," said Riva. "This partnership provides us with increased freedom and more resources to implement new technology, services, and other ideas that will bring even more value to our clients."

Within two months of initiating the transition, 100% of Wealth Management Solution's assets under management had transferred. "Financial Advocates assisted us each step of the way, making the transition almost effortless for us," said Lombrano when asked about the transition process.

"Wealth Management Solutions is a welcome addition to our group of independent advisors," stated Gary Campbell, CEO Financial Advocates. "We partner only with firms focused first and foremost on doing what's best for their clients. We are proud they chose us to help them achieve even more."

To learn more about Richard Riva, Martin Lombrano, and Wealth Management Solutions, visit www.wms-llc.com.

About Financial Advocates
Financial Advocates, LLC (FA) provides servant leadership in the financial advice market and serves as a financial advisor's primary ally through the transition, growth, and ongoing management of an independent practice. Organized in 1996, FA now serves over $11 billion in total assets; $3.4 billion in assets managed through the Registered Investment Advisor, Financial Advocates Investment Management (FAIM); $1.4 billion in assets managed through the Registered Investment Advisory subsidiary to LPL Financial (LPL); $3.5 billion in brokerage assets served through LPL; and approximately $2.7 billion in 401(k) assets advised. FA's experienced and diverse staff delivers intensive support to advisors as they transition to an Independent Broker-Dealer, a Hybrid RIA, or a RIA to achieve pure independence. Advisors then enjoy concierge-level service in business development, regulatory compliance oversight, operations, IT, marketing and investment management. FA provides services to more than 200 independent financial advisors, 11 banks and credit unions, and more than 100 support staff.

Financial Advocates and its affiliates have 28 home office employees with office locations in Olympia, WA and Tacoma, WA. For more information, please visit www.financialadvocates.com.

About Wealth Management Solutions, LLC
Wealth Management Solutions, LLC, was formed in 2003 to address the growing needs of investors seeking an investment advisory firm that specialized in creating complete and distinctive wealth management strategies throughout their lifetime (from accumulation to distribution to legacy) with a strong value statement that addresses each stage with timely and efficient services, people, and processes. For more information, please visit www.wms-llc.com.

About LPL Financial
LPL Financial is one of the nation's leading financial services companies and a publicly traded company under ticker symbol LPLA. The firm's mission is rooted in the belief that objective financial guidance is a fundamental need for everyone. LPL does not offer proprietary investment products of engage in investment banking activities; this means advisors affiliated with LPL are not pressure of influenced by LPL to sell its products. Thousands of financial advisors nationwide are able to reply on the firm's tools and resources to help them provide financial guidance and recommendations to help meet their clients' needs. For more information on LPL Financial, visit www.lpl.com.

Securities offered through LPL Financial, Member FINRA/SIPC. Financial Planning and Investment advice offered through Financial Advocates Investment Management, a registered investment advisor. Financial Advocates Investment Management, Wealth Management Solutions, Financial Advocates and LPL are separate entities.

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