# EDGAR Filing Document

**Accession Number:** 0001730293
**File Stem:** 0001730293-25-000007
**Filing Date:** 2025-11
**Character Count:** 14350
**Document Hash:** ace8d2a9276ccae6c69b0df612a6fdd9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001730293-25-000007.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001730293-25-000007

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**EFFECTIVENESS DATE**: 20251106

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Financial Advocates Investment Management
- **CENTRAL INDEX KEY:** 0001730293

**ORGANIZATION NAME:**
- **EIN:** 270434466
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18619
- **FILM NUMBER:** 251457783

**BUSINESS ADDRESS:**
- **STREET 1:** 1601 COOPER POINT ROAD NW
- **CITY:** OLYMPIA
- **STATE:** WA
- **ZIP:** 98502
- **BUSINESS PHONE:** 3608662345

**MAIL ADDRESS:**
- **STREET 1:** 1601 COOPER POINT ROAD NW
- **CITY:** OLYMPIA
- **STATE:** WA
- **ZIP:** 98502

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Financial Advocates Investment Management<br>**Address:** 1601 COOPER POINT ROAD NW<br>OLYMPIA, WA 98502

**Form 13F File Number:** 028-18619

**CRD Number (if applicable):** 000151298

**SEC File Number (if applicable):** 801-71546

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Doug Whittle<br>**Title:** Chief Compliance Officer<br>**Phone:** 360 866-2345

**Signature, Place, and Date of Signing:**

Doug Whittle  Olympia, WA  11-06-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 104

**Form 13F Information Table Value Total:** $177875804

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1717580 | 7052 | SH |  | SOLE |  | 0 | 0 | 7052 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1041924 | 4286 | SH |  | SOLE |  | 0 | 0 | 4286 |
| AMAZON COM INC | COM | 023135106 |  | 1403273 | 6391 | SH |  | SOLE |  | 0 | 0 | 6391 |
| AMERICAN CENTY ETF TR | US QUALITY GROW | 025072307 |  | 417560 | 3650 | SH |  | SOLE |  | 0 | 0 | 3650 |
| AMERICAN CENTY ETF TR | FOCUSED LRG CAP | 025072794 |  | 216016 | 2929 | SH |  | SOLE |  | 0 | 0 | 2929 |
| AMPLIFY ETF TR | AMPLIFY CYBERSEC | 032108664 |  | 816875 | 9411 | SH |  | SOLE |  | 0 | 0 | 9411 |
| APPLE INC | COM | 037833100 |  | 18173454 | 71372 | SH |  | SOLE |  | 0 | 0 | 71372 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 357448 | 711 | SH |  | SOLE |  | 0 | 0 | 711 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 3017931 | 50979 | SH |  | SOLE |  | 0 | 0 | 50979 |
| BLACKROCK ETF TRUST | ISHARES A I INNO | 09290C780 |  | 871149 | 25502 | SH |  | SOLE |  | 0 | 0 | 25502 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 1252337 | 33078 | SH |  | SOLE |  | 0 | 0 | 33078 |
| BLACKROCK ETF TRUST II | ISHARES FLEXIBLE | 092528603 |  | 1098230 | 20628 | SH |  | SOLE |  | 0 | 0 | 20628 |
| BLACKROCK ETF TRUST II | ISHARES HIGH YIE | 092528843 |  | 390873 | 7946 | SH |  | SOLE |  | 0 | 0 | 7946 |
| CAPITAL GROUP DIVIDEND VALUE | SHS CREATION UNI | 14020W106 |  | 842478 | 20045 | SH |  | SOLE |  | 0 | 0 | 20045 |
| CAPITAL GROUP GBL GROWTH EQT | SHS CREATION UNI | 14020X104 |  | 750339 | 21959 | SH |  | SOLE |  | 0 | 0 | 21959 |
| CINTAS CORP | COM | 172908105 |  | 246394 | 1200 | SH |  | SOLE |  | 0 | 0 | 1200 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 543951 | 588 | SH |  | SOLE |  | 0 | 0 | 588 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 327382 | 8488 | SH |  | SOLE |  | 0 | 0 | 8488 |
| DIMENSIONAL ETF TRUST | WORLD EX US CORE | 25434V880 |  | 200863 | 6401 | SH |  | SOLE |  | 0 | 0 | 6401 |
| ETF SER SOLUTIONS | AAM S 500 | 26922A594 |  | 2769188 | 79724 | SH |  | SOLE |  | 0 | 0 | 79724 |
| FRANKLIN TEMPLETON ETF TR | FRANKLIN DYN MUN | 35473P868 |  | 375094 | 15143 | SH |  | SOLE |  | 0 | 0 | 15143 |
| GOLDMAN SACHS ETF TR | ACCES TREASURY | 381430529 |  | 731081 | 7294 | SH |  | SOLE |  | 0 | 0 | 7294 |
| INVESCO EXCH TRADED FD TR II | S 500 MOMNTM | 46138E339 |  | 3654447 | 30187 | SH |  | SOLE |  | 0 | 0 | 30187 |
| INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 46138G649 |  | 2968323 | 12012 | SH |  | SOLE |  | 0 | 0 | 12012 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 4625128 | 80409 | SH |  | SOLE |  | 0 | 0 | 80409 |
| INVESCO EXCHANGE TRADED FD T | S MDCP MOMNTUM | 46137V464 |  | 688310 | 5090 | SH |  | SOLE |  | 0 | 0 | 5090 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 661889 | 1102 | SH |  | SOLE |  | 0 | 0 | 1102 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 332345 | 5113 | SH |  | SOLE |  | 0 | 0 | 5113 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 952122 | 13084 | SH |  | SOLE |  | 0 | 0 | 13084 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1945254 | 29509 | SH |  | SOLE |  | 0 | 0 | 29509 |
| ISHARES SILVER TR | ISHARES | 46428Q109 |  | 2435584 | 57484 | SH |  | SOLE |  | 0 | 0 | 57484 |
| ISHARES TR | S 100 ETF | 464287101 |  | 2032205 | 6106 | SH |  | SOLE |  | 0 | 0 | 6106 |
| ISHARES TR | CORE S ETF | 464287200 |  | 5679113 | 8485 | SH |  | SOLE |  | 0 | 0 | 8485 |
| ISHARES TR | MSCI EMG MKT ETF | 464287234 |  | 745758 | 13966 | SH |  | SOLE |  | 0 | 0 | 13966 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 3016672 | 24989 | SH |  | SOLE |  | 0 | 0 | 24989 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 2102452 | 10181 | SH |  | SOLE |  | 0 | 0 | 10181 |
| ISHARES TR | 20 YR TR BD ETF | 464287432 |  | 901833 | 10091 | SH |  | SOLE |  | 0 | 0 | 10091 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 2353144 | 24395 | SH |  | SOLE |  | 0 | 0 | 24395 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 224837 | 480 | SH |  | SOLE |  | 0 | 0 | 480 |
| ISHARES TR | U.S. TECH ETF | 464287721 |  | 799819 | 4084 | SH |  | SOLE |  | 0 | 0 | 4084 |
| ISHARES TR | JPMORGAN USD EMG | 464288281 |  | 390152 | 4099 | SH |  | SOLE |  | 0 | 0 | 4099 |
| ISHARES TR | GLB INFRASTR ETF | 464288372 |  | 288896 | 5132 | SH |  | SOLE |  | 0 | 0 | 5132 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 2935245 | 27564 | SH |  | SOLE |  | 0 | 0 | 27564 |
| ISHARES TR | MBS ETF | 464288588 |  | 1443803 | 15174 | SH |  | SOLE |  | 0 | 0 | 15174 |
| ISHARES TR | ISHS 1-5YR INVS | 464288646 |  | 2725482 | 51395 | SH |  | SOLE |  | 0 | 0 | 51395 |
| ISHARES TR | US AER DEF ETF | 464288760 |  | 4180814 | 19979 | SH |  | SOLE |  | 0 | 0 | 19979 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 2532242 | 37332 | SH |  | SOLE |  | 0 | 0 | 37332 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 615648 | 5406 | SH |  | SOLE |  | 0 | 0 | 5406 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 381399 | 1394 | SH |  | SOLE |  | 0 | 0 | 1394 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 6311535 | 71608 | SH |  | SOLE |  | 0 | 0 | 71608 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 4441500 | 93348 | SH |  | SOLE |  | 0 | 0 | 93348 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 298940 | 12930 | SH |  | SOLE |  | 0 | 0 | 12930 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 2219944 | 21568 | SH |  | SOLE |  | 0 | 0 | 21568 |
| ISHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 1357798 | 13137 | SH |  | SOLE |  | 0 | 0 | 13137 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 2339493 | 12028 | SH |  | SOLE |  | 0 | 0 | 12028 |
| ISHARES TR | MSCI INTL QUALTY | 46434V456 |  | 594849 | 2320 | SH |  | SOLE |  | 0 | 0 | 2320 |
| ISHARES TR | CORE TOTAL USD | 46434V613 |  | 4737501 | 101424 | SH |  | SOLE |  | 0 | 0 | 101424 |
| ISHARES TR | CORE INTL AGGR | 46435G672 |  | 892939 | 17430 | SH |  | SOLE |  | 0 | 0 | 17430 |
| ISHARES TR | BROAD USD HIGH | 46435U853 |  | 651895 | 17255 | SH |  | SOLE |  | 0 | 0 | 17255 |
| J P MORGAN EXCHANGE TRADED F | DIVERSFD EQT ETF | 46641Q845 |  | 214861 | 4314 | SH |  | SOLE |  | 0 | 0 | 4314 |
| J P MORGAN EXCHANGE TRADED F | ACTIVE GROWTH | 46654Q609 |  | 3882554 | 41414 | SH |  | SOLE |  | 0 | 0 | 41414 |
| J P MORGAN EXCHANGE TRADED F | HEDGED EQUITY LA | 46654Q724 |  | 799110 | 12294 | SH |  | SOLE |  | 0 | 0 | 12294 |
| MARATHON PETE CORP | COM | 56585A102 |  | 229361 | 1190 | SH |  | SOLE |  | 0 | 0 | 1190 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 211906 | 373 | SH |  | SOLE |  | 0 | 0 | 373 |
| META PLATFORMS INC | CL A | 30303M102 |  | 1720523 | 2343 | SH |  | SOLE |  | 0 | 0 | 2343 |
| MICROSOFT CORP | COM | 594918104 |  | 2362812 | 4562 | SH |  | SOLE |  | 0 | 0 | 4562 |
| NETFLIX INC | COM | 64110L106 |  | 261365 | 218 | SH |  | SOLE |  | 0 | 0 | 218 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1522452 | 8160 | SH |  | SOLE |  | 0 | 0 | 8160 |
| ORACLE CORP | COM | 68389X105 |  | 249460 | 887 | SH |  | SOLE |  | 0 | 0 | 887 |
| PACER FDS TR | TRENDP US LAR CP | 69374H105 |  | 4510139 | 82362 | SH |  | SOLE |  | 0 | 0 | 82362 |
| PACER FDS TR | US LRG CP CASH | 69374H360 |  | 283505 | 7810 | SH |  | SOLE |  | 0 | 0 | 7810 |
| PACER FDS TR | US SMALL CAP CAS | 69374H857 |  | 774908 | 17700 | SH |  | SOLE |  | 0 | 0 | 17700 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 1315206 | 22885 | SH |  | SOLE |  | 0 | 0 | 22885 |
| PIMCO ETF TR | MULTISECTOR BD | 72201R585 |  | 258335 | 9625 | SH |  | SOLE |  | 0 | 0 | 9625 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 |  | 6030232 | 59889 | SH |  | SOLE |  | 0 | 0 | 59889 |
| PIMCO ETF TR | 25YR+ ZERO U S | 72201R882 |  | 1529033 | 22499 | SH |  | SOLE |  | 0 | 0 | 22499 |
| PULTE GROUP INC | COM | 745867101 |  | 231756 | 1754 | SH |  | SOLE |  | 0 | 0 | 1754 |
| RTX CORPORATION | COM | 75513E101 |  | 233760 | 1397 | SH |  | SOLE |  | 0 | 0 | 1397 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 252731 | 9595 | SH |  | SOLE |  | 0 | 0 | 9595 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 440154 | 13794 | SH |  | SOLE |  | 0 | 0 | 13794 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 1046422 | 7519 | SH |  | SOLE |  | 0 | 0 | 7519 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 419787 | 5357 | SH |  | SOLE |  | 0 | 0 | 5357 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 306525 | 3431 | SH |  | SOLE |  | 0 | 0 | 3431 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 7762231 | 21837 | SH |  | SOLE |  | 0 | 0 | 21837 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3951345 | 5931 | SH |  | SOLE |  | 0 | 0 | 5931 |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 85207K107 |  | 1656337 | 105499 | SH |  | SOLE |  | 0 | 0 | 105499 |
| TESLA INC | COM | 88160R101 |  | 813837 | 1830 | SH |  | SOLE |  | 0 | 0 | 1830 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 1279624 | 16749 | SH |  | SOLE |  | 0 | 0 | 16749 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 264979 | 3358 | SH |  | SOLE |  | 0 | 0 | 3358 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 3662947 | 49253 | SH |  | SOLE |  | 0 | 0 | 49253 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 793693 | 1296 | SH |  | SOLE |  | 0 | 0 | 1296 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1280634 | 14009 | SH |  | SOLE |  | 0 | 0 | 14009 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 202975 | 691 | SH |  | SOLE |  | 0 | 0 | 691 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 1042546 | 4100 | SH |  | SOLE |  | 0 | 0 | 4100 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 4055597 | 12358 | SH |  | SOLE |  | 0 | 0 | 12358 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 715805 | 10030 | SH |  | SOLE |  | 0 | 0 | 10030 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 717263 | 13239 | SH |  | SOLE |  | 0 | 0 | 13239 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 507191 | 2350 | SH |  | SOLE |  | 0 | 0 | 2350 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 1054591 | 14356 | SH |  | SOLE |  | 0 | 0 | 14356 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1164952 | 8265 | SH |  | SOLE |  | 0 | 0 | 8265 |
| VANGUARD WORLD FD | MEGA GRWTH IND | 921910816 |  | 958162 | 2381 | SH |  | SOLE |  | 0 | 0 | 2381 |
| VANGUARD WORLD FD | UTILITIES ETF | 92204A876 |  | 3105384 | 16395 | SH |  | SOLE |  | 0 | 0 | 16395 |
| VISA INC | COM CL A | 92826C839 |  | 488721 | 1431 | SH |  | SOLE |  | 0 | 0 | 1431 |
| WISDOMTREE TR | INTL QULTY DIV | 97717X131 |  | 289363 | 7256 | SH |  | SOLE |  | 0 | 0 | 7256 |

---