{"url":"https://nivawealth.com/firms/advocacy-financial-305954","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/305954","regulatoryAum":103416660,"crd":"305954","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6186551","suffix":null,"lastName":"BOWERS","firstName":"NICHOLAS","middleName":"AUSTIN"},{"crd":"4886860","suffix":"JR.","lastName":"PRISCO","firstName":"JOSEPH","middleName":"Michael"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-136057","legalName":"Advocacy Financial LLC","displayName":"Advocacy Financial","slug":"advocacy-financial-305954","website":"https://advocacyfinancial.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Louisiana limited liability 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FINANCIAL"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T16:28:05.257999+00:00","documents":[{"name":"ADV PART 2A ADVOCACY FINANCIAL","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060576","versionId":1060576,"submittedOn":"2026-10-08"}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":97946516}],"custodyNote":"Advocacy Financial has custody of $11.3M for 10 clients.","otherCustodians":[],"leadership":[{"name":"Nicholas Bowers","title":"Investment Adviser Representative/Member LLC","crd":"6186551"},{"name":"Joseph Prisco","title":"CEO/CCO","crd":"4886860"}],"ownership":[{"label":"Joseph Prisco","detail":"Ceo/cco in the 75% or more ownership band and a control person, since January 2020."},{"label":"Nicholas Bowers","detail":"Investment adviser representative/member llc in the 10% to 25% ownership band, since January 2026."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Louisiana","offices":1,"addresses":[{"street":"212 Park Place","city":"Covington","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"888-787-4590","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":93},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"28 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/305954/PDF/305954.pdf","brochureDate":"8 October 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1060576","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Advocacy Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Advocacy Financial offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Advocacy Financial charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Advocacy Financial use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Advocacy Financial have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Advocacy Financial invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Advocacy Financial?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Advocacy Financial get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Advocacy Financial?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 28 April 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}