Advocate Wealth

Advocate Wealth

Advocate Wealth was established in 2011 by Bob Brooks, a financial advisor with over two decades of experience in the Oklahoma market. The firm operates from Nichols Hills and serves a client base concentrated in Oklahoma and Texas, with a stated focus on retail investors, families, and small-to-midsize business owners. CEO Kyle Brown leads the firm's day-to-day operations, while the advisory team delivers financial planning and investment management services under a Registered Investment Adviser (RIA) structure. Advocate Wealth structures client portfolios around a mix of equities, fixed-income instruments, and alternative asset classes, with significant use of exchange-traded funds and mutual funds as core building blocks. The firm emphasizes tax-aware asset location and retirement income planning as pillars of its investment process. Specific allocations or named holdings are not publicly disclosed. The firm reports serving over 2,000 advisory clients and approximately $300 million in regulatory assets under management across its individual and retirement plan books, based on its latest Form ADV filing (per SEC filings, 2024). Advisory fees are assessed on a percentage-of-assets basis, with additional services offered under flat-fee or hourly arrangements. The practice does not operate a broker-dealer and maintains custody of client assets through third-party custodians such as Charles Schwab. The firm's structure as an independent RIA, rather than an insurance-affiliated or bank-owned practice, distinguishes it within its regional peer set. This independence eliminates product-related conflicts and aligns the firm's compensation with client outcomes, not transaction volume. Succession planning and principal ownership remain concentrated in a single generation, with no publicly disclosed plan for equity transition or next-generation leadership beyond the current executive team.