KOVACK ADVISORS, INC.

RIASEC RegisteredEst. 2004
Total AUM
$6.3B
Discretionary
$5.1B
82% of AUM
Avg account
$306K
Accounts
20,493
Employees
320
Advisory reps
261

Firm details

Headquarters
Fort Lauderdale, Florida
CRD number
140808
Registered since
April 21, 2004
Custodians
NATIONAL FINANCIAL SERVICES LLC, PERSHING LLC, FIDELITY DISTRIBUTORS COMPANY LLC
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees, Other
Client types
  • Individuals44.8%
  • HNWI44.22%
  • Corporations / Businesses7.81%
  • State / Municipal Government3.16%
  • Banking / Thrift Institutions0.01%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsSelection of Other Advisers

Firm profile

FINTRX

Overview

Kovack Advisors, Inc. is a corporation that has been SEC-registered since 2004 and operates as an independent broker-dealer that also functions as a capital allocator. The firm serves both individual and family clients as well as institutional clients, providing financial planning, portfolio management for individuals and small businesses, portfolio management for businesses or institutions, and manager selection services. Kovack reports being an active ESG investor. Fee arrangements are varied and include percentage-of-AUM, hourly and fixed fees, and other fee structures. The firm maintains industry relationships that include broker-dealer and law-firm affiliations. Kovack was recognized by FA Magazine as one of the Top RIA Firms in 2020.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

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Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 35%, Public Funds/Mutual Funds 25%, Non-Exchange Traded Equities 16%, State & Local Bonds 11%, Cash & Cash Equivalents 9%, Non-Investment Grade Corp Bonds 2%, US Government Bonds 1%35%
  • Exchange Traded Equities35%
  • Public Funds/Mutual Funds25%
  • Non-Exchange Traded Equities16%
  • State & Local Bonds11%
  • Cash & Cash Equivalents9%

Owners & executives

3 of 14
  • Lauren Gilbert

    New Accounts CoordinatorCRD 7130994

  • OSVALDO DELGADO

    Founder & Chief Exceutive OfficerCRD 5709747

  • KEITH KELT

    CEOCRD 267357

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Contacts

3 of 247
  • LINDELL DOUGLAS

    Managing DirectorCRD 3176154

  • BRADLEY TEETS

    Financial AdvisorCRD 3013658

  • Keely Escalante

    Registered Sales AssistantCRD 6850125

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Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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ETF holdings

1 of 584

Active vs passive

$1.1B in ETFs

Passive

75%

$840M

Active

22%

$283M

ETFProviderStyleCategoryValueShares% of portfolio
ISHARES CORE S&P 500 ETF (IVV)BlackRockPassiveLarge Blend$55.7M84,8824.96%

Location

Primary office

Fort Lauderdale, FL

BROWARD

Location

Fort Lauderdale, FL

Headquartered in Fort Lauderdale, FL, anchoring the Miami-Port St. Lucie-Fort Lauderdale, FL metro in the South.

Metro area
Miami-Port St. Lucie-Fort Lauderdale, FL
Region
South
County
BROWARD
Address
6451 N Federal Hwy
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth