Kovack Securities, Inc.
A subsidiary of Kovack Financial Companies
6451 N. Federal Highway Ste #1201
Fort Lauderdale, FL 33308
No. advisers: 415
No. franchises: 315
Year founded: 1997
Year end: Dec. 31
No. of retail offices: 415
Recruitment & Staffing
|No. of reps||415||405||415|
|No. of producing reps||395||370||385|
|No. of reps producing $100K-$499K /year||224||201||222|
|Total revenues: Other||$4,806,950||0||0|
|Total account assets||$10,615,000,000||$8,264,950,000||$7,619,151,200|
|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||$18,359,400|
August 1, 2018 - Three years ago, Brian Kovack won an upset bid as a dissident candidate for a Finra board seat. He's running for re-election this year, but this time as part of the establishment. Mr. Kovack is seeking another three-year term representing mid-size broker-dealers...
April 21, 2018 - Firm 2017 % revenue ($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%...
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...
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....
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'...
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...
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...
- 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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