DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Registered advisor

Michael Joseph Kwedar

LPL Financial LLCBD affiliatedFort Worth, Tx dual registrantIAPD 841788

Feed of 09/15/2026

At current firm

0 y

since Jul 9, 2026

In the industry

50 y

since Jul 1, 1976 (earliest exam, job or registration)

Prior registered firms

IAPD previous registrations

State registrations

current, as an IAR

Firms today

current registrations

Exams

S63

IA exams only

Book size

not public

not estimated here

Signals

dated events on this person

Registration history

IAPD current and previous registrations

LPL Financial LLC BD affiliated current
since Jul 9, 2026 · Fort Worth, Tx
Kovack Advisors, Inc. BD affiliated
Oct 30, 2014 to Jul 1, 2026 · Ft. Lauderdale, Fl
Resource Horizons Investment Advisory, Inc. former
Jan 6, 2009 to Dec 31, 2014 · Fort Worth, Tx
Securities America Advisors, Inc. former
May 12, 2005 to Dec 22, 2008 · Fort Worth, Tx
Prm Asset Management, L.L.P. unclassified
Jan 21, 2003 to Nov 1, 2005 · Fort Worth, Tx

Moves

a registration end followed by a registration begin elsewhere

Kovack Advisors, Inc. to LPL Financial LLC
left Jul 1, 2026, registered Jul 9, 2026 (8 days) · Affiliated broker-dealer or bank to another
Resource Horizons Investment Advisory, Inc. to Kovack Advisors, Inc.
left Dec 31, 2014, registered Oct 30, 2014 (-62 days) · corporate re-registration, not a move
Securities America Advisors, Inc. to Resource Horizons Investment Advisory, Inc.
left Dec 22, 2008, registered Jan 6, 2009 (15 days) · Other
Prm Asset Management, L.L.P. to Securities America Advisors, Inc.
left Nov 1, 2005, registered May 12, 2005 (-173 days) · Other

Signals

Michael Joseph Kwedar left Kovack Advisors, Inc. for Lpl Financial Llc (registered 2026-07-09)
Jul 1, 2026 · Advisor changed firm · fact

Transition signals

Mobility scoring is not published yet. The observable conditions this page will draw on once the historical validation is done: tenure, the firm’s own departures and ownership changes, new state registrations, a new adviser entity with this person on Schedule A, and colleagues’ moves. Until precision and lead time are measured on known moves, no label is printed. Read the methodology.

Provenance

Source: IAPD individual compilation feedreportedadviserinfo.sec.gov
Firm class: Broker-dealer affiliated wealth managerderived
Years in industry: 50derivedfrom the earliest dated exam, employment or registration
Not published: disclosure flags, outside business text, branch street address