Kovack Securities, Inc.

Kovack Securities, Inc.

A subsidiary of Kovack Financial Companies

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6451 N. Federal Highway Ste #1201

Fort Lauderdale, FL 33308

(866) 564-6574

joinksi.com

No. advisers: 415

No. franchises: 315

AUM: $10,615,000,000

Year founded: 1997

Year end: Dec. 31

No. of retail offices: 415

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEORonald J. Kovack
Top ExecutiveBrian J. Kovack, Esq.
Recruiting ContactCarlo A. Bidone
(954) 670-0616
E-mail
Compliance ContactMelinda Wolfe
(954) 782-4771
E-mail
Marketing ContactMindy Marble
(954) 782-4771
E-mail
Technology Operations ContactJames Chris Mills
(954) 782-4771
E-mail

Recruitment & Staffing

2017 2016 2015
No. of reps415405415
No. of producing reps395370385
No. of reps producing $100K-$499K /year224201222

Payout grid is available to Data Center subscribers only.

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2017 2016 2015
Total revenues$74,590,000$65,382,000$67,106,230
Commission revenues$37,274,974$37,223,481$43,220,230
Fee revenues$32,508,076$28,158,519$23,886,000
Total revenues: Other$4,806,95000
2017 2016 2015
Total account assets$10,615,000,000$8,264,950,000$7,619,151,200
Fee-based assets$4,182,500,000$3,128,704,000$2,382,701,200
Total account assets: Other$6,432,500,000$5,136,246,000$5,236,450,000
Average assets per rep$25,578,313$20,407,284$18,359,400

Former dissident candidate for Finra board now runs with board imprimatur

August 1, 2018 - Three years ago, Brian Kovack won an upset bid as a dissident candidate for a Finra board seat. He's running for re-election this year, but this time as part of the establishment. Mr. Kovack is seeking another three-year term representing mid-size broker-dealers...

Top independent broker-dealers ranked by revenue

April 21, 2018 - Firm 2017 % revenue ($M) % change vs. 2016 2017 commission revenue ($M) % change vs. 2016 2017 fee revenue ($M) % change vs. 2016 2017 other revenue ($M) % change vs. 2016 1 LPL Financial $4,281.50 5.70% $1,670.80 -3.80% $1,409.20 9.30% $1,201.40 17.50%...

Things are looking up: IBDs soared in 2017

April 21, 2018 - After a dismal 2016, the independent broker-dealer industry came back to life in 2017, with the top 25 IBDs collectively reporting $23.2 billion in revenue, a 13.1% annual increase, according to InvestmentNews research. InvestmentNews has been tracking...

Broker-dealer M&A: Is your firm next?

December 5, 2017 - It seems obvious at this point that consolidation is a massive trend in the broker-dealer space. According to Finra, registered broker-dealers have been in steady decline for several years, dropping from 4,456 in 2011 to 3,869 at the end of November 2016....

Kovack Securities buys brokerage assets of Capital Guardian

September 27, 2017 - Kovack Securities Inc. said on Wednesday it had purchased the brokerage assets of Capital Guardian, a wealth management firm with 35 financial advisers that shut down its broker-dealer in July, according to its BrokerCheck report. It was Kovack Securities'...

Florida-based broker-dealers flee Irma, setting up operations out-of-state

September 11, 2017 - As Hurricane Irma lashed the sunshine state from its tip to its top over the weekend, business continuity plans for independent broker-dealers based in Florida kicked in, keeping the firms open for business for thousands of financial advisers. Prior to...

DOL fiduciary rule pushing broker-dealer assets to fee-based accounts, away from commissions

May 24, 2017 - There's been a marked shift in the allocation of broker-dealer client assets in the year since the Department of Labor issued its fiduciary rule. Largely, the shift has seen assets flow into advisory accounts, which assess a level fee based on client...

Western International to acquire retail assets of Financial West as Kovack Securities picks up TKG Financial

May 9, 2017 - As expected, broker-dealer mergers and acquisitions are beginning to heat up, with small to mid-sized independent broker-dealers being gobbled up by larger copmpanies. Western International Securities Inc. will acquire close to 200 retail brokers of Financial...

    Notes
  • 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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