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

258

Firm details

Headquarters: Fort Lauderdale, Florida
CRD number: 140808
Registered since: April 21, 2004
Website: kovackadvisors.com
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 corporate-structured registered investment adviser that has been SEC-registered since 2004. The firm serves both individual and family clients as well as institutional accounts, offering financial planning, discretionary and non-discretionary portfolio management for individuals, small businesses and institutions, and the selection of outside advisers. Its fee arrangements include asset-based fees alongside hourly, fixed and other fee formats. Kovack identifies as a capital allocator and reports being an active ESG investor. Industry affiliations include relationships with a broker‑dealer and a law firm. The firm was named among Top RIA Firms by FA Magazine in 2020.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

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Investment profile

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

CRM & tech providers

TAMPs used

Clients

Client base

Client personas

Asset composition

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 244

Lindell Douglas
Managing DirectorCRD 3176154
Bradley Teets
Financial AdvisorCRD 3013658
Keely Escalante
Registered Sales AssistantCRD 6850125

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Wealth teams

Newly hired reps

Recent M&A activity

Recent filings

Awards

ETF holdings

1 of 631

Active vs passive

$1.2B in ETFs

Passive

73%

$912M

Active

23%

$335M

ETF	Provider	Style	Category	Value	Shares	% of portfolio
ISHARES CORE S&P 500 ETF (IVV)	BlackRock	Passive	Large Blend	$62M	82,768	4.97%

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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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