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.

SEC-registered adviser

Kovack Advisors, Inc.

Broker-dealer affiliated wealth managerFt. Lauderdale, FloridaCRD 140808SEC 801-63048websiteIAPD
Latest filing Apr 27, 2026
First filing on the tape Mar 7, 2012 · 48 filings
SEC status approved since Apr 21, 2004
RAUM
$6.3B
reported, Item 5.F
Discretionary
82%
of RAUM
Private clients
89%
$5.6B individuals and HNW
Advisors
257
registered through the firm on IAPD
RAUM per advisor
$24.4M
derived; firm RAUM over IAPD count
Employees
320
300 advisory (5.B.1)
Offices
198
beyond the principal office
Private funds
0
reported on Schedule D
History
48 filings and snapshots on the tape
RAUM$6.3B as of Apr 27, 2026
Mar 7, 2012$615M then
HNW client RAUM$2.8B as of Apr 27, 2026
Mar 29, 2018$80.7M then
State-registered IARs (5.B.3)300 as of Apr 27, 2026
Mar 28, 2013167 then
Employees (5.A)320 as of Apr 27, 2026
Mar 28, 2013167 then
Private funds: no history
RAUM +13% over the last fiscal year+20% a year over threeIARs 305 to 300
Practice profile
derived from the filing of Apr 27, 2026; every figure names its basis
Archetypes, each a printed rule
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
$24.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
50derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.7MderivedHNW RAUM over HNW clients
Average account
$306,430derivedRAUM over accounts (5.F.2.f)
Discretionary
82%derivedof RAUM
Institutional
3.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.2derivedItem 5.A over advisors
Advisors per office
1.3derived199 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
-1.6%derivedItem 5.B.3 between annual amendments
Client growth, one year
-8.1%derived
Compensation
percentage of assets, hourly, fixed fees, otherreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisersreportedItem 5.G
Custody
$768M, 1,714 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$2.8B45%
  • High-net-worth individuals$2.8B44%
  • Corporations and businesses$490M7.8%
  • State and municipal entities$199M3.2%
  • Banks and thrifts$756,7240.0%
Individual clients
11,316reported
HNW clients
1,590reported
Pension plan clients
181reported
Charitable clients
n/areported
Accounts
20,493reported
Financial planning clients
51-100reported
Wrap fee programs
noreported
Custody of client assets
$768M for 1,714 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.89 fund_share=0.0 institutional_share=0.03 related_bd=true related_bank=false bd_reps=288.0derived
Advisors registered through the firm
257 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Brian John KovackFt. Lauderdale, FlNov 18, 200329 y0
Rodger Scott KamufFt. Lauderdale, FlJun 30, 200429 y0
Michael David NewtonFt. Lauderdale, FlSep 2, 200439 y0
David M BrownCertified Financial PlannerBoca Raton, FlJun 8, 200626 y0
William Nicholas CohronFt. Lauderdale, Fl Aug 15, 200629 y1
John Curtis MillerMarietta, Oh Aug 15, 200640 y1
Michael Andrew NealFt. Lauderdale, FlAug 15, 200629 y1
Victor Anthony DibattistaCertified Financial PlannerFt. Lauderdale, Fl Aug 15, 200632 y1
Anthony Ernest DelucaCertified Financial PlannerOrange Park, Fl Aug 16, 200639 y1
Richard Stephen ZiemianskiOrland Park, Il Dec 1, 200624 y1
Bradley Ray TeetsCertified Financial Planner, Personal Financial SpecialistFt. Lauderdale, Fl Jan 8, 200734 y0
Kim Anthon CheckettsFt. Lauderdale, Fl Feb 16, 200740 y1
Anthony Carlos RomeroTavernier, Fl May 29, 200731 y2
Gerald B HoeningsCertified Financial PlannerFt. Lauderdale, Fl Jun 18, 200734 y3
Thomas RandelloFt. Lauderdale, Fl Sep 26, 200725 y0
Ricardo LattaWeston, Fl Oct 4, 200740 y2
Christopher Gaith DemariaKnoxville, Tn Jan 23, 200828 y2
Bradley Edward MeisterCertified Financial Planner, Chartered Financial ConsultantNapoleon, Oh Feb 25, 200827 y2
Saverio Anthony FiorelloChartered Financial ConsultantFt. Lauderdale, FlMar 3, 200824 y1
Matthew David OsbornRedding, Ca Nov 18, 200827 y2
Robert William StewartFt. Lauderdale, Fl Nov 19, 200832 y1
Michael Ryan FontenotCrowley, La Apr 13, 200918 y1
Stanley Jerome KeyesCrowley, LaApr 20, 200942 y2
Kirk Fitzgerald StaufferFt. Lauderdale, Fl Apr 22, 200932 y2
Darrin Robert HalseyCertified Financial PlannerFt. Lauderdale, Fl May 19, 200927 y2
Ramon Antonio GonzalezCertified Financial PlannerMiami, Fl Jun 17, 200943 y1
Jose Juan NievesCertified Financial PlannerFt. Lauderdale, Fl Jun 17, 200925 y1
Rene Jose Villate-CortesFt. Lauderdale, Fl Jun 17, 200918 y1
Lee David SimmondsGreenville, Il Jun 18, 200939 y1
Rinaldo Diaz-FloresFt. Lauderdale, Fl Jun 23, 200926 y1
Jaime Enrique SantiagoFt. Lauderdale, Fl Sep 17, 200927 y1
John Michael MendolaHood River, Or Jan 21, 201029 y1
Elvin FranceschiFt. Lauderdale, Fl Feb 23, 201018 y1
Benedict Aloysious MitchellNewberry, Fl Apr 6, 201030 y0
Scott Joseph KoleskyTroy, Mi Aug 10, 201030 y0
Erik John KokenyTroy, Mi Aug 24, 201030 y0
Gregory John HeinrichFort Lauderdale, FlNov 8, 201019 y2
Andres Antonio MorgadoCertified Financial Planner, Personal Financial SpecialistSan Juan, Pr Jan 5, 201138 y0
Kenneth Steven YermakLakewood Ranch, Fl Feb 1, 201131 y2
Isabelle Allison ShickFt. Lauderdale, FlMar 10, 201119 y0
All 257 advisors at Kovack Advisors, Inc.
Advisor movement
30 left, 19 joined in 12 months
net -11 in 12 months10 left in 90 days8 joined in 90 daysdeparture rate 12% of current headcount60 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • John Brian Kovack · Presidentcontrol
    since 11/2020 · owns less than 5%
  • Cecilia Mercado · Chief Compliance Officercontrol
    since 03/2024 · owns less than 5%
  • Sue Melinda Wolfe · Executive Vice Presidentcontrol
    since 11/2020 · owns less than 5%
  • John Brian Kovack · Trusteecontrol
    since 02/2020 · owns F of Ronald J. Kovack Family Trust
  • John Brian Kovack · Trusteecontrol
    since 09/2010 · owns F of The Brian J. Kovack Revocable Trust
  • Priscilla Kovack · Trusteecontrol
    since 02/2020 · owns F of Ronald J. Kovack Family Trust
Entity owners
  • Kovack Financial, LLC · Owner
    direct · owns 75% or more
  • Ronald J. Kovack Family Trust · Member
    indirect · owns 50% to 75% of Kovack Financial, LLC
  • The Brian J. Kovack Revocable Trust · Member
    indirect · owns 25% to 50% of Kovack Financial, LLC
Related persons
Schedule D 7.A
Advisers that list Kovack Advisors, Inc. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Ft Lauderdale, Fl24421142
Fort Lauderdale, Fl1421
San Juan, Pr1310
Marietta, Ga700
Kennesaw, Ga600
Boca Raton, Fl610
Evansville, In500
Jupiter, Fl410
Adel, Ga400
West Palm Beach, Fl400
Guaynabo, Pr400
Santa Barbara, Ca400
Mobile, Al300
Coral Springs, Fl300
Orange, Ca310
Atlanta, Ga310
Napoleon, Oh310
Troy, Mi300
Santa Ana, Ca200
Augusta, Ga210
Offices
Schedule D 1.F, the 25 largest
  • San Juan, PR5 employees
  • Adel, GA5 employees
  • Santa Barbara, CA5 employees
  • Aberdeen, SD4 employees
  • Kennesaw, GA4 employees
  • Marietta, GA4 employees
  • San Juan, PR4 employees
  • Coral Springs, FL3 employees
  • Guaynabo, PR3 employees
  • Macon, GA3 employees
  • Weston, FL3 employees
  • Ogden, UT3 employees
  • San Juan, PR3 employees
  • Napoleon, OH3 employees
  • Marietta, GA2 employees
  • Fort Lauderdale, FL2 employees
  • Laredo, TX2 employees
  • , 2 employees
  • Boca Raton, FL2 employees
  • Orange, CA2 employees
  • , 2 employees
  • Coral Gables, FL2 employees
  • Stuart, FL2 employees
  • North Haven, CT2 employees
  • Palm Beach Gardens, FL2 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Apr 27, 2026
    KOVACK, PRISCILLA (TRUSTEE) left Schedule A between the filings of 2024-04-29 and 2026-04-27
    peers: affiliated wealth managers, $5B to $20B (53)
What changed
consecutive filings, newest first
  • Accounts · 19,809 to 20,493
    Jan 21, 2026 to Mar 31, 2026
  • Advisory employees · 305 to 300
    Jan 21, 2026 to Mar 31, 2026
  • BD registered reps · 293 to 288
    Jan 21, 2026 to Mar 31, 2026
  • Corporate clients · 179 to 200
    Jan 21, 2026 to Mar 31, 2026
  • HNW clients · 1,631 to 1,590
    Jan 21, 2026 to Mar 31, 2026
  • Individual clients · 12,405 to 11,316
    Jan 21, 2026 to Mar 31, 2026
  • Pension plan clients · 85 to 181
    Jan 21, 2026 to Mar 31, 2026
  • Assets in custody · $676M to $768M
    Jan 21, 2026 to Mar 31, 2026
  • Employees · 330 to 320
    Jan 21, 2026 to Mar 31, 2026
  • State-registered IARs · 305 to 300
    Jan 21, 2026 to Mar 31, 2026
  • Discretionary RAUM · $4.8B to $5.1B
    Jan 21, 2026 to Mar 31, 2026
  • HNW RAUM · $2.2B to $2.8B
    Jan 21, 2026 to Mar 31, 2026
  • Individual RAUM · $2.7B to $2.8B
    Jan 21, 2026 to Mar 31, 2026
  • Non-discretionary RAUM · $779M to $1.2B
    Jan 21, 2026 to Mar 31, 2026
  • RAUM · $5.5B to $6.3B
    Jan 21, 2026 to Mar 31, 2026
  • Accounts · 18,409 to 19,809
    Sep 19, 2024 to Apr 28, 2025
  • Advisory employees · 300 to 305
    Sep 19, 2024 to Apr 28, 2025
  • BD registered reps · 290 to 293
    Sep 19, 2024 to Apr 28, 2025
  • Corporate clients · 170 to 179
    Sep 19, 2024 to Apr 28, 2025
  • HNW clients · 1,207 to 1,631
    Sep 19, 2024 to Apr 28, 2025
  • Individual clients · 10,733 to 12,405
    Sep 19, 2024 to Apr 28, 2025
  • Pension plan clients · 121 to 85
    Sep 19, 2024 to Apr 28, 2025
  • Assets in custody · $501M to $676M
    Sep 19, 2024 to Apr 28, 2025
  • Employees · 315 to 330
    Sep 19, 2024 to Apr 28, 2025
  • Financial planning clients · 51-100 to 51-100
    Sep 19, 2024 to Apr 28, 2025
  • State-registered IARs · 300 to 305
    Sep 19, 2024 to Apr 28, 2025
  • Other offices · 205 to 198
    Sep 19, 2024 to Apr 28, 2025
  • Discretionary RAUM · $3.5B to $4.8B
    Sep 19, 2024 to Apr 28, 2025
  • HNW RAUM · $1.7B to $2.2B
    Sep 19, 2024 to Apr 28, 2025
  • Individual RAUM · $2.0B to $2.7B
    Sep 19, 2024 to Apr 28, 2025
  • Non-discretionary RAUM · $765M to $779M
    Sep 19, 2024 to Apr 28, 2025
  • RAUM · $4.3B to $5.5B
    Sep 19, 2024 to Apr 28, 2025
  • Accounts · 14,593 to 18,409
    Jul 5, 2023 to Mar 29, 2024
  • Advisory employees · 305 to 300
    Jul 5, 2023 to Mar 29, 2024
  • BD registered reps · 295 to 290
    Jul 5, 2023 to Mar 29, 2024
  • Corporate clients · 181 to 170
    Jul 5, 2023 to Mar 29, 2024
  • HNW clients · 951 to 1,207
    Jul 5, 2023 to Mar 29, 2024
  • Individual clients · 9,808 to 10,733
    Jul 5, 2023 to Mar 29, 2024
  • Pension plan clients · 61 to 121
    Jul 5, 2023 to Mar 29, 2024
  • Assets in custody · $427M to $501M
    Jul 5, 2023 to Mar 29, 2024
Signals
60 dated events
  • 2 advisors left Cetera Investment Advisers LLC (Boerne, TX) for Kovack Advisors, Inc. within 10 days
    Aug 25, 2026 · Team lift-out · derived
  • Shuang Guo left Kovack Advisors, Inc. for M Holdings Securities, Inc. (registered 2026-08-25)
    Aug 24, 2026 · Advisor changed firm · fact
  • David Chou left Kovack Advisors, Inc. for Cetera Investment Advisers Llc (registered 2026-08-18)
    Aug 18, 2026 · Advisor changed firm · fact
  • Joseph William Gallagher left Kovack Advisors, Inc. for Fortis Capital Advisors, Llc (registered 2026-08-14)
    Aug 5, 2026 · Advisor changed firm · fact
  • Alfredo Oliva left Kovack Advisors, Inc. for Advisuite (registered 2025-08-22)
    Jul 22, 2026 · Advisor changed firm · fact
  • Ryan Nickolas Patnoe left Kovack Advisors, Inc. for Integrity Alliance, Llc (registered 2026-07-14)
    Jul 17, 2026 · Advisor changed firm · fact
  • Kory Joel Schwan left Kovack Advisors, Inc. for Integrity Alliance, Llc (registered 2026-07-14)
    Jul 17, 2026 · Advisor changed firm · fact
  • Jacob Peter Cramond left Kovack Advisors, Inc. for Integrity Alliance, Llc (registered 2026-07-20)
    Jul 17, 2026 · Advisor changed firm · fact
  • Kyle John Schwan left Kovack Advisors, Inc. for Integrity Alliance, Llc (registered 2026-07-14)
    Jul 16, 2026 · Advisor changed firm · fact
  • 2 advisors left Kovack Advisors, Inc. (Aberdeen, SD) for Integrity Alliance, LLC a day apart
    Jul 16, 2026 · Team lift-out · derived
  • Brenda Kay Rafferty left Kovack Advisors, Inc. for Raymond James Financial Services Advisors, Inc (registered 2026-07-09)
    Jul 15, 2026 · Advisor changed firm · fact
  • Michael Joseph Kwedar left Kovack Advisors, Inc. for Lpl Financial Llc (registered 2026-07-09)
    Jul 1, 2026 · Advisor changed firm · fact
  • 2 advisors left Oneamerica Securities, Inc. (Atlanta, GA) for Kovack Advisors, Inc. on the same day
    Jun 26, 2026 · Team lift-out · derived
  • Norman Debuys Brown left Kovack Advisors, Inc. for Lpl Financial Llc (registered 2026-05-07)
    May 7, 2026 · Advisor changed firm · fact
  • Joseph Patrick Hanley left Kovack Advisors, Inc. for Nashoba Valley Wealth Management (registered 2026-06-30)
    May 6, 2026 · Advisor changed firm · fact
  • John Michael Brunetti left Kovack Advisors, Inc. for Lpl Financial Llc (registered 2026-04-28)
    May 4, 2026 · Advisor changed firm · fact
  • Jeffrey Kent Olsen left Kovack Advisors, Inc. for Family Wealth Strategists, Llc (registered 2026-05-05)
    May 1, 2026 · Advisor changed firm · fact
  • Bradley Ross Thompson left Kovack Advisors, Inc. for Osaic Wealth, Inc. (registered 2026-04-21)
    Apr 23, 2026 · Advisor changed firm · fact
  • William Graham Morris left Kovack Advisors, Inc. for Advisory Services Network (registered 2026-04-23)
    Apr 9, 2026 · Advisor changed firm · fact
  • Stuart James Baker left Kovack Advisors, Inc. for Cetera Investment Advisers Llc (registered 2026-03-19)
    Mar 13, 2026 · Advisor changed firm · fact
  • Jonathan Edward Eitas left Kovack Advisors, Inc. for Cetera Investment Advisers Llc (registered 2026-03-19)
    Mar 13, 2026 · Advisor changed firm · fact
  • Drew Willliam Pelton left Kovack Advisors, Inc. for Proverbi Capital Advisors, Llc (registered 2026-03-11)
    Mar 11, 2026 · Advisor changed firm · fact
  • Pamela Boodhoo left Kovack Advisors, Inc. for Ubs Financial Services Inc. (registered 2026-03-26)
    Mar 6, 2026 · Advisor changed firm · fact
  • David Robert Frazier left Kovack Advisors, Inc. for Kapstone Financial Advisors Llc (registered 2026-02-12)
    Feb 26, 2026 · Advisor changed firm · fact
  • Pamela Sue Ghezzi left Kovack Advisors, Inc. for Osaic Wealth, Inc. (registered 2026-03-17)
    Feb 26, 2026 · Advisor changed firm · fact
  • Dante Campos left Kovack Advisors, Inc. for Independent Financial Partners (registered 2026-02-27)
    Feb 24, 2026 · Advisor changed firm · fact
  • Jeffrey Joseph Mcdonald left Kovack Advisors, Inc. for Independent Financial Partners (registered 2026-02-27)
    Feb 24, 2026 · Advisor changed firm · fact
  • 2 advisors left Kovack Advisors, Inc. (Clearwater, FL) for Independent Financial Partners on the same day
    Feb 24, 2026 · Team lift-out · derived
  • Tara Amanda Nicholas left Kovack Advisors, Inc. for Cambridge Investment Research Advisors, Inc. (registered 2026-02-04)
    Feb 10, 2026 · Advisor changed firm · fact
  • David Lynn Nicholas left Kovack Advisors, Inc. for Cambridge Investment Research Advisors, Inc. (registered 2026-02-05)
    Feb 10, 2026 · Advisor changed firm · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/kovack-financial-networkreportedpublic record, Form ADV, Sep 17, 2026
Website
kovackadvisors.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
954-782-4771reportedpublic record, Form ADV, Apr 27, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Broker-dealer affiliated wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$24.4Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026