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

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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'...

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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...

    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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