Advocacy Wealth Management, Llc
SEC-registered
Insurance-Affiliated · Mid-sized ($1B–$10B)
CRD 141943
· SEC file 801-77677
· Atlanta, GA
· WWW.ADVOCACYWEALTH.COM
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ADV data as of Mar 30, 2026
- Regulatory AUM
- $3.2B
- Discretionary
- $3.1B
- Clients
- 1,720
- Avg AUM / client
- $1.9M
- Accounts
- 2,234
- Employees
- 36
AUM over time
$55.0M
$3.2B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Investments (13F portfolio — 143 positions, $2,261,316,726)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Spdr Series Trust | STATE STREET SPD | $304,838,884 | 3,982,740 | 13.5% | 9.39% |
| 2 | Ishares Tr | S&P 500 VAL ETF | $107,811,730 | 510,593 | 4.77% | 3.32% |
| 3 | Spdr Series Trust | STATE STREET SPD | $104,643,097 | 3,978,825 | 4.63% | 3.22% |
| 4 | Pimco Etf Tr | ENHNCD LW DUR AC | $103,563,027 | 1,080,808 | 4.58% | 3.19% |
| 5 | Pimco Etf Tr | MULTISECTOR BD | $102,790,079 | 3,923,285 | 4.55% | 3.17% |
| 6 | Spdr Index Shs Fds | STATE STREET SPD | $94,786,291 | 2,076,370 | 4.19% | 2.92% |
| 7 | Ishares Tr | S&P 500 GRWT ETF | $93,739,357 | 828,745 | 4.15% | 2.89% |
| 8 | Blackrock Etf Trust | ISHARES US EQUIT | $87,256,921 | 1,499,775 | 3.86% | 2.69% |
| 9 | Ishares Tr | MSCI USA QLT FCT | $77,140,628 | 402,172 | 3.41% | 2.38% |
| 10 | Blackrock Etf Trust Ii | ISHARES AAA CLO | $54,623,033 | 1,053,787 | 2.42% | 1.68% |
| 11 | Blackrock Etf Trust | ISHARES A I INNO | $54,283,557 | 1,647,452 | 2.4% | 1.67% |
| 12 | Pimco Etf Tr | MTG BKD SECS ACT | $52,513,284 | 1,058,736 | 2.32% | 1.62% |
| 13 | Doubleline Etf Trust | MORTGAGE ETF | $51,729,229 | 1,047,575 | 2.29% | 1.59% |
| 14 | Pimco Etf Tr | ACTIVE BD ETF | $50,358,949 | 545,719 | 2.23% | 1.55% |
| 15 | Schwab Strategic Tr | US MID-CAP ETF | $48,954,138 | 1,581,206 | 2.16% | 1.51% |
| 16 | Spdr Index Shs Fds | STATE STREET SPD | $48,486,337 | 1,033,603 | 2.14% | 1.49% |
| 17 | Ishares Tr | MSCI USA MMENTM | $48,343,826 | 201,441 | 2.14% | 1.49% |
| 18 | Blackrock Etf Trust | ISHARES US THEMA | $44,145,190 | 1,218,807 | 1.95% | 1.36% |
| 19 | Ishares Inc | MSCI EMRG CHN | $40,633,475 | 516,571 | 1.8% | 1.25% |
| 20 | Global X Fds | DEFENSE TECH ETF | $33,267,463 | 469,614 | 1.47% | 1.03% |
| 21 | Fidelity Covington Trust | SML MID MLTFCT | $25,443,444 | 568,950 | 1.13% | 0.78% |
| 22 | Invesco Exchange Traded Fd T | S&P500 EQL WGT | $23,670,261 | 123,334 | 1.05% | 0.73% |
| 23 | Alphabet Inc | CAP STK CL A | $23,418,311 | 81,438 | 1.04% | 0.72% |
| 24 | Ishares Tr | MBS ETF | $21,735,954 | 228,920 | 0.96% | 0.67% |
| 25 | Vanguard Charlotte Fds | TOTAL INT BD ETF | $21,505,258 | 447,560 | 0.95% | 0.66% |
Top 25 of 143 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 1,009 | $492M | 15.2% |
| High net worth individuals | 649 | $2.3B | 69.5% |
| Pension and profit sharing plans | 0 | $3.6M | 0.11% |
| Charitable organizations | 14 | $351M | 10.8% |
| Corporations and other businesses | 48 | $143M | 4.4% |
People (32)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Phillips, Courtland, Greene | Managing Member | Aug 2006 (20y) | ≈ 18.75% – 50% via Forge Consulting Llc | |
| Phillips, Henry, Hungerford Spooner | Managing Member | Aug 2006 (20y) | ≈ 37.5% – 75% via Forge Consulting Llc | |
| Nesha Pratt Zeigler | Managing Director | May 2010 (16y) | Less than 5% | |
| Thomas Marion Johnson | Ceo Emeritus | CFP | Mar 2012 (14y) | Less than 5% |
| Timothy John Denehy | President | CFP | Apr 2014 (12y) | Less than 5% |
| Butler, Jay, Joseph | Chief Operating Officer | Jan 2020 (7y) | Less than 5% | |
| Charles Everett Markwalter | Ceo | CFA | Aug 2024 (2y) | Less than 5% |
| Keister, Rebecca, Mitchell | Chief Compliance Officer | Aug 2024 (2y) | Less than 5% | |
| John Lowrey Stone | Registered representative | CFP | Jun 2015 (11y) | |
| Joseph Andrew Havasy | Registered representative | Apr 2019 (7y) | ||
| Peter Scovill | Registered representative | Dec 2019 (7y) | ||
| Marcy Espinosa Hanson | Registered representative | Aug 2020 (6y) | ||
| Ryan Michael Vidal | Registered representative | Nov 2020 (6y) | ||
| Jodi D Hollosy | Registered representative | CFP | Nov 2021 (5y) | |
| Robert Thompson Davis | Registered representative | Nov 2021 (5y) | ||
| Tracee Wagner | Registered representative | Mar 2022 (4y) | ||
| Melissa Leigh Coleman | Registered representative | CFP | May 2022 (4y) | |
| Jordan Thomas Hillyer | Registered representative | Sep 2022 (4y) | ||
| Jaaziel Mizraim Palacios Jaimes | Registered representative | Dec 2022 (4y) | ||
| Christopher Jay Cowart | Registered representative | CFP | Mar 2024 (2y) | |
| Tiffany Czajka | Registered representative | CFP | Mar 2024 (2y) | |
| Nicolas Jeremy Dykstra | Registered representative | Apr 2024 (2y) | ||
| David Lee Watson | Registered representative | CFA | Sep 2024 (2y) | |
| Kurt Thomas Momand | Registered representative | CFA | Nov 2024 (2y) | |
| Rhea Yvonne Fears | Registered representative | CFP | Nov 2024 (2y) | |
| William Nathan Parkey | Registered representative | Mar 2025 (1y) | ||
| William Alan Vogel | Registered representative | CFA | Jul 2025 (1y) | |
| Ava Arjmand | Registered representative | Oct 2025 (1y) | ||
| Melissa Rojas | Registered representative | Dec 2025 (1y) | ||
| Harrison Edward Marks | Registered representative | Jan 2026 (1y) | ||
| Jack David Pennington | Registered representative | Feb 2026 (0y) | ||
| Tate Maxwell Bielenberg | Registered representative | Jun 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Forge Consulting Llc | Member | Aug 2006 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Phillips, Courtland, Greene: 25% – 50% of Forge Consulting Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Phillips, Henry, Hungerford Spooner: 50% – 75% of Forge Consulting Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.12 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Reliance Trust Company $1.4B (44% of AUM) Mar 2026
- National Financial Services (Fidelity) $1.2B (38% of AUM) Mar 2026
- Fidelity National Information Services, Inc. $695M (56% of AUM) Jan 2024
- Fidelity Brokerage Services $392M (42% of AUM) Jan 2022
- Charles Schwab & Co. $363M (11% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗