Kovack Securities, Inc.

Kovack Securities, Inc.

A subsidiary of Kovack Financial Companies

Share:

6451 N. Federal Highway Ste #1201

Fort Lauderdale, FL 33308

(866) 564-6574

joinksi.com

Clearing firm: Fidelity Clearing and Custody Solutions, National Financial Services LLC, Pershing LLC

No. advisers: 410

No. franchises: 330

AUM: $11,481,300,000

Year founded: 1997

Year end: Dec. 31

No. of retail offices: 405

You are currently viewing a limited portion of this firm's profile.

Subscribe or log in to the B-D Data Center for access to all available data.

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

2018 2017 2016
No. of reps410415405
No. of producing reps405395370
No. of reps producing $100K-$499K /year240224201

Payout grid is available to Data Center subscribers only.

Subscribe or log in to the B-D Data Center for access to all available data.

2018 2017 2016
Total revenues$79,347,000$74,590,000$65,382,000
Commission revenues$41,260,440$37,274,974$37,223,481
Fee revenues$35,746,560$32,508,076$28,158,519
Total revenues: Other$2,340,000$4,806,9500
2018 2017 2016
Total account assets$11,481,300,000$10,615,000,000$8,264,950,000
Fee-based assets$2,734,000,000$4,182,500,000$3,128,704,000
Total account assets: Other$8,747,300,000$6,432,500,000$5,136,246,000
Average assets per rep$28,003,171$25,578,313$20,407,284

After trading loss, employees at Atlanta B-D are looking for work elsewhere

September 20, 2019 - Brokers and managers of IFS Securities Inc. are looking for employment elsewhere in the wake of trading losses that could potentially cost the mid-size broker-dealer $10 million. At the time, the Atlanta firm said it had suffered substantial losses as...

Finra panel awards adviser $1.2 million from defunct broker-dealer

December 10, 2018 - A Finra arbitration panel has ruled in favor of adviser Brian Taylor Kirkpatrick in a share-ownership dispute with his former employer Capital Guardian, a now defunct broker-dealer. According to the dispute resolution from the Financial Industry Regulatory...

InvestmentNews turns 20: A young industry evolves, as does our coverage

November 10, 2018 - The 20 years since InvestmentNews launched in 1998 have involved tremendous change in and around the financial advice industry. Here are 20 events that rocked advisers and their clients — many of which will continue to shape the profession as it grows...

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...

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...

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%...

    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.

Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.

For comments or suggestions about the Adviser Center, please contact us.

Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.