Advocacy Financial provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
Advocacy Financial reports 124 clients. They include 94 individual clients and 30 high-net-worth individuals. Of its assets, 100.0% ($103M across 289 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 76% | 19% |
| High-net-worth individuals | 24% | 75% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | 5% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 94 | $19.8M | 19.1% | $210K |
| High-net-worth individuals | 30 | $77.4M | 74.9% | $2.58M |
| Charitable organizations | Fewer than 5 | $870K | 0.8% | — |
| Corporations and other businesses | Fewer than 5 | $5.35M | 5.2% | — |
| Total | 124 | $103M | 100% | — |
- Clients
- 94
- Regulatory AUM
- $19.8M
- AUM share
- 19.1%
- Avg. per client
- $210K
- Clients
- 30
- Regulatory AUM
- $77.4M
- AUM share
- 74.9%
- Avg. per client
- $2.58M
- Clients
- Fewer than 5
- Regulatory AUM
- $870K
- AUM share
- 0.8%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $5.35M
- AUM share
- 5.2%
- Avg. per client
- —
Total
- Clients
- 124
- Regulatory AUM
- $103M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Advocacy Financial charges 0.75%–2.00% a year for its Investment Management Fees. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting are generally fixed fees from $1,000 to $10,000, or $300 an hour.
Joseph Prisco owns 75% or more of Advocacy Financial. It has 4 employees, 2 of them in advisory roles.
Staff
- 4 employees
- 2 in advisory functions
- 2 state-registered reps
- 1 broker-dealer rep
- 2 insurance agents
- Owns 75% or more of Advocacy Financial LLC
Joseph Prisco
Control person · since January 2020
- Owns 10% to 25% of Advocacy Financial LLC
Nicholas Bowers
since January 2026
Besides its headquarters, Advocacy Financial has 0 offices, with 1 listed address in 1 state.
Louisiana · 1 listed address
- 212 Park Place, CovingtonHQ
Contact and registration details
- Legal name
- Advocacy Financial LLC
- Headquarters
- 212 Park Place, Covington, LA 70433
- Website
- advocacyfinancial.com
- Phone
- 888-787-4590
- SEC file
- 801-136057
- Structure
- Louisiana LLC
- Fiscal year end
- December
Advocacy Financial’s named custodian for separately managed accounts is Fidelity ($97.9M). Advocacy Financial has custody of $11.3M for 10 clients.
- FidelityNational Financial Services LLC · Boston, MA · $97.9M100%
At year end, Advocacy Financial’s separately managed accounts were mostly in funds (93%).
What the accounts hold
- Stocks1%
- Funds93%
- Bonds1%
- Cash5%
How many clients does Advocacy Financial have?
Advocacy Financial has 124 clients and manages $103 million for them, as of April 2026. They include 94 individual clients and 30 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 April 2026
What services does Advocacy Financial offer?
Advocacy Financial provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Advocacy Financial charge?
Advocacy Financial charges 0.75%–2.00% a year for its Investment Management Fees. The fee is billed in arrears and is negotiable.
Source: ADV PART 2A ADVOCACY FINANCIAL, filed 8 October 2026
Which custodians does Advocacy Financial use?
Advocacy Financial’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $97.9M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 April 2026
How many financial advisors does Advocacy Financial have?
Advocacy Financial has 2 investment adviser representatives registered with state securities authorities, out of 4 employees, and 2 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Advocacy Financial invest in?
At the end of its last fiscal year, Advocacy Financial’s separately managed accounts held 93% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 1% exchange-traded equities and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Advocacy Financial?
Advocacy Financial’s direct owners are Joseph Prisco (75% or more) and Nicholas Bowers (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 28 April 2026
How does Advocacy Financial get paid?
Advocacy Financial is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Advocacy Financial?
Advocacy Financial’s main office is at 212 Park Place, Covington, LA 70433. Its phone number is 888-787-4590. Its website is advocacyfinancial.com.
