Kovack Advisors, Inc.
Registered investment adviser · Fort Lauderdale, FL · CRD #140808
Form ADV data as of 2026-09-01Regulatory assets
$6.28 billion
Total accounts
20,493
Employees
320
Disclosure events
18
Firm details
- Website: https://kovackadvisors.com/
- Telephone: 954-782-4771
- SEC file number: 801-63048
- Most recent Form ADV filing: 2026-04-27
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 9 disclosure questions answered Yes, covering 18 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- SEC or CFTC found a violation of its regulations or statutes
- SEC or CFTC entered an order in connection with investment-related activity
- SEC or CFTC imposed a civil money penalty or a cease-and-desist order
- Another regulator found a false statement, omission, or dishonest, unfair, or unethical conduct
- Another regulator found a violation of investment-related regulations or statutes
- Another regulator entered an order in connection with investment-related activity (past 10 years)
- Another regulator denied, suspended, or revoked a registration or restricted activity
- A self-regulatory organization found a violation of its rules
- A self-regulatory organization expelled, suspended, barred, or restricted the firm
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $5.12 billion |
| Non-discretionary regulatory assets under management | $1.16 billion |
| Total regulatory assets under management | $6.28 billion |
| Discretionary accounts | 17,111 |
| Non-discretionary accounts | 3,382 |
| Total accounts | 20,493 |
| Regulatory assets under management attributable to non-U.S. persons | $554.0 million |
People
| Total employees (excluding clerical) | 320 |
| Employees performing investment advisory functions (including research) | 300 |
| Employees who are registered representatives of a broker-dealer | 288 |
| Employees registered as investment adviser representatives with a state | 300 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 210 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $768.0 million |
| Clients for whom the firm has custody | 1,714 |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | No |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 3 |
How the firm is compensated
Advisory services offered
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Recommends brokers or dealers to clients
- Brokers or dealers recommended under 8.E. are related persons
- Compensates a non-employee for client referrals
- Receives compensation from others for client referrals
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 11,316 | $2.81 billion |
| High net worth individuals | 1,590 | $2.78 billion |
| Banking or thrift institutions | 1 | $756,724 |
| Pension and profit sharing plans (not the participants or government plans) | 181 | $0 |
| State or municipal government entities (including government pension plans) | 5 | $198.6 million |
| Corporations or other businesses not listed above | 200 | $490.4 million |