Kovack Advisors provides personalized investment advice and financial planning. Services include asset management, recommending third-party asset managers, and financial planning. Kovack Advisors uses Envestnet to support wealth management investment services. The firm does not specialize in any particular type of advisory service or investment.
Fee Structure
Kovack Advisors charges an annual fee based on a percentage of the value of your investments. The maximum annual fee is 2.90%. Fees are negotiable and may be calculated as a flat percentage or on a tiered schedule. Fees are billed quarterly or monthly in advance. You are responsible for brokerage commissions and other transactional costs unless your advisor negotiates to cover ticket charges, which may result in a higher overall advisory fee.