Kovack Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
Kovack Advisors reports 13,293 clients. They include 11,316 individual clients, 1,590 high-net-worth individuals, and 200 corporations and other businesses. Of its assets, 81.6% ($5.12B across 17,111 accounts) are managed with discretion; $1.16B across 3,382 accounts are not. Of its clients, 2% are outside the U.S. It advised 205 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 85% | 45% |
| High-net-worth individuals | 12% | 44% |
| Banking or thrift institutions | <1% | <1% |
| Pension and profit-sharing plans | 1% | 0% |
| State or municipal government entities | <1% | 3% |
| Other client typesCorporations and other businesses | 2% | 8% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 11,316 | $2.81B | 44.8% | $249K |
| High-net-worth individuals | 1,590 | $2.78B | 44.2% | $1.75M |
| Banking or thrift institutions | 1 | $757K | 0.0% | $757K |
| Pension and profit-sharing plans | 181 | $0 | 0.0% | $0 |
| State or municipal government entities | 5 | $199M | 3.2% | $39.7M |
| Corporations and other businesses | 200 | $490M | 7.8% | $2.45M |
| Total | 13,293 | $6.28B | 100% | $472K |
- Clients
- 11,316
- Regulatory AUM
- $2.81B
- AUM share
- 44.8%
- Avg. per client
- $249K
- Clients
- 1,590
- Regulatory AUM
- $2.78B
- AUM share
- 44.2%
- Avg. per client
- $1.75M
- Clients
- 1
- Regulatory AUM
- $757K
- AUM share
- 0.0%
- Avg. per client
- $757K
- Clients
- 181
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- 5
- Regulatory AUM
- $199M
- AUM share
- 3.2%
- Avg. per client
- $39.7M
- Clients
- 200
- Regulatory AUM
- $490M
- AUM share
- 7.8%
- Avg. per client
- $2.45M
Total
- Clients
- 13,293
- Regulatory AUM
- $6.28B
- AUM share
- 100%
- Avg. per client
- $472K
- Clients outside the U.S.
- 2%
- Clients advised without assets under management last fiscal year
- 205
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Kovack Advisors charges up to 2.90% a year for its Asset Management Fees; its fees and minimums are set out in its brochures on the SEC website.
Kovack Financial, LLC owns 75% or more of Kovack Advisors and is in turn owned by Ronald J. Kovack Family Trust (50–75%). The leadership team of Kovack Advisors includes President Brian Kovack and Chief Compliance Officer Cecilia Mercado. It has 320 employees, 300 of them in advisory roles.
Staff
- 320 employees
- 300 in advisory functions
- 300 state-registered reps
- 288 broker-dealer reps
- 210 insurance agents
- Owns 75% or more of Kovack Advisors, Inc.
Kovack Financial, LLC
Control person · since January 2011
- Owns 50% to 75% of Kovack Financial, LLC
Ronald J. Kovack Family Trust
since February 2020
Priscilla Kovack
Trustee · Control person · since February 2020
Brian Kovack
Trustee of The Brian J. Kovack Revocable Trust · Control person · since September 2010
Kovack Advisors’ regulatory assets grew 1.8× from $3.52B (May 2021) to $6.28B (April 2026); clients rose from 8,508 to 13,293 and employees from 294 to 320.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Apr 2026April 2026 | $6.28B | 13,293 | 320 | 199 |
| Apr 2025April 2025 | $5.53B | 14,305 | 330 | 199 |
| Apr 2024April 2024 | $4.29B | 12,236 | 315 | 206 |
| Jul 2023July 2023 | $3.65B | 11,011 | 330 | 211 |
| Apr 2022April 2022 | $4.55B | 9,712 | 320 | 181 |
| May 2021May 2021 | $3.52B | 8,508 | 294 | 166 |
Besides its headquarters, Kovack Advisors has 198 offices, with 26 listed addresses across 11 states.
Florida · 7 listed addresses
- 6451 N. Federal Hwy, Suite 1201, FT. LauderdaleHQ
- 6451 N. Federal Highway, Fort Lauderdale
- 150 W. McKenzie Street, Punta Gorda
- 951 Yamato Road, Boca Raton
- 3000 N. University DR., Coral Springs
- 1820 N. Corporate Lakes BLVD., Weston
- 150 Se 2nd Avenue, Miami
Puerto Rico · 5 listed addresses
- 3 Calle 1, Guaynabo
- 161 Ponce De Leon Ave., San Juan
- 121 De Diego Ave. Urb San Francisco, San Juan
- 644 Fernandez Juncos Ave., San Juan
- 1590 Ponce De Leon Ave, San Juan
Georgia · 3 listed addresses
- 102 North Hutchinson Ave, Adel
- 1337 Canton Road, Marietta
- 515 E Crossville Road, Building 100, Roswell
Michigan · 3 listed addresses
- 3150 Livernois Road, Troy
- 14779 Boyle Lake Road, Buchanan
- 1700 W Big Beaver, Troy
California · 2 listed addresses
- 350 S Hope Ave, Santa Barbara
- 3991 Macarthur BLVD, Newport Beach
Indiana · 1 listed address
- 101 Plaza East BLVD, Evansville
Massachusetts · 1 listed address
- 85 Samoset Street, Plymouth
New Jersey · 1 listed address
- 38 Edgemere Road, Livingston
New York · 1 listed address
- 15 Verbena Ave, Floral Park
South Dakota · 1 listed address
- 401 Vivian Street South, Aberdeen
Utah · 1 listed address
- 3520 Lincoln Avenue, Ogden
Contact and registration details
- Legal name
- Kovack Advisors, Inc.
- Headquarters
- 6451 N. Federal Hwy, Suite 1201, FT. Lauderdale, FL 33308
- Website
- Not reported
- Phone
- 954-782-4771
- @kovack-financial-network
- SEC file
- 801-63048
- Structure
- Florida corporation
- Fiscal year end
- December
Kovack Advisors’ named custodians for separately managed accounts are Fidelity ($2.43B, 46%), Pershing ($1.57B, 30%) and Fidelity ($1.29B, 24%). Kovack Advisors has custody of $768M for 1,714 clients.
- PershingPershing LLC · Jersey City, NJ · $1.57B30%
- FidelityNational Financial Services LLC · Boston, MA · $2.43B46%
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $1.29B24%
At year end, Kovack Advisors’ separately managed accounts were mostly in stocks (51%) and funds (25%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.08B across 1,070 positions; the largest are Nvidia Corporation (4.4%), Apple Inc. (3.1%) and iShares TR (3.0%).
What the accounts hold
- Stocks51%
- Exchange-traded equities35%
- Non-exchange-traded equities16%
- Funds25%
- Bonds14%
- State and local bonds11%
- High-yield corporate bonds2%
- U.S. government and agency bonds1%
- Cash9%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Kovack Advisors have?
Kovack Advisors has 13,293 clients and manages $6.28 billion for them, as of April 2026. They include 11,316 individual clients, 1,590 high-net-worth individuals, and 200 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 April 2026
What services does Kovack Advisors offer?
Kovack Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Kovack Advisors charge?
Kovack Advisors charges up to 2.90% a year for its Asset Management Fees.
Source: KOVACK ADVISORS, INC. FORM ADV PART 2, filed 27 April 2026
Which custodians does Kovack Advisors use?
Kovack Advisors’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $2.43B, Pershing LLC (Jersey City, NJ), with $1.57B and Fidelity Brokerage Services LLC (Smithfield, RI), with $1.29B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 April 2026
How many financial advisors does Kovack Advisors have?
Kovack Advisors has 300 investment adviser representatives registered with state securities authorities, out of 320 employees, and 300 perform investment advisory functions. 288 employees are registered representatives of a broker-dealer and 210 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Kovack Advisors invest in?
At the end of its last fiscal year, Kovack Advisors’ separately managed accounts held 35% exchange-traded equities, 25% registered funds (mutual funds, ETFs, BDCs), 16% non-exchange-traded equities, 11% state and local bonds, 9% cash and equivalents, 2% high-yield corporate bonds and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Kovack Advisors?
Kovack Advisors’ direct owner is Kovack Financial, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 April 2026
How does Kovack Advisors get paid?
Kovack Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Kovack Advisors?
Kovack Advisors’ main office is at 6451 N. Federal Hwy, Suite 1201, FT. Lauderdale, FL 33308. Its phone number is 954-782-4771.
