Steven Newman
Steven Newman is a CFP-designated registered investment advisor at Kovack Advisors, INC., based in Olviedo, FL, with 41 years of industry experience. Steven operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 14,305 clients with $5.5B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
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.
Location
365 Aulin Ave., Olviedo, FL, 32765
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Steven is a partner at Strategic Planning Partners, LLC, focusing on insurance and financial planning, dedicating most of his time to this role. He also sells life and health insurance products, and works as an instructor at Stetson University, spending minimal time on each of these activities.
Employment History
Current Registrations
Kovack Securities INC.Broker
Kovack Advisors, INC.
Previous Registrations
Investment Advisors
Proequities, INC.Broker
Kovack Advisors, INC.
Kovack Securities INC.Broker
Princor Financial Services Corporation
Princor Financial Services CorporationBroker
Charles Schwab & CO., INC.Broker
Oshima & Associates, INC.Broker
First Investors CorporationBroker
State Registrations10 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.