Kovack Securities, Inc.
A subsidiary of Kovack Financial Companies
6451 N. Federal Highway
Fort Lauderdale, FL 33308
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 405
No. franchises: 315
Year founded: 1997
Year end: Dec. 31
No. of retail offices: 390
Recruitment & Staffing
|No. of reps||405||415||397|
|No. of producing reps||370||385||325|
|No. of reps producing $100K-$499K /year||201||222||215|
|Total revenues: Other||0||0||0|
|Total account assets||$8,264,950,000||$7,619,151,200||$6,021,330,777|
|Total account assets: Other||$5,136,246,000||$5,236,450,000||$4,784,421,596|
|Average assets per rep||$20,407,284||$18,359,400||$15,167,080|
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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Latest news & opinion
Comparing a firm's pay to the competition can point out vast flaws.
Sure signs that clients may be on the way out the door.
Flows to advisory accounts, while still higher than the start of 2016, dropped off more than 20% from Q2 and were the lowest in a year.
Median compensation hovers just under $100,000 on the low end and reaches nearly $300,000 for bosses.
All 634.403 reps have been ranked based on factors such as prior regulatory disclosures, disciplinary actions and employment history.