Gaines Smith
Gaines Smith is a registered investment advisor at Kovack Advisors, INC., based in Ft. Lauderdale, FL, with 41 years of industry experience. Gaines 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
6451 N. Federal Hwy, Suite 1201, Ft. Lauderdale, FL, 33308
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Regulatory History (1)
Regulatory
February 2015Other Business ActivitiesSells Insurance
Gaines spends the majority of his time on fixed insurance sales, holding life, accident, health, property, and casualty licenses in Illinois. He also serves as President of Smith & Sons Firearms, dedicating about 10-20% of his time to firearms and sporting goods retail, and spends minimal time as a co-trustee and notary.
Employment History
Current Registrations
Kovack Advisors, INC.
Kovack Securities INC.Broker
Previous Registrations
Resource Horizons Investment Advisory, INC.
Resource Horizons Group LLCBroker
Gaines Financial Services, INC.
Gaines Financial CorporationBroker
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations11 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.