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Gaines Smith

Kovack Advisors, INC.
41 Years of Experience
Belleville, IL
1 DisclosureBrokerSells Insurance
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Gaines Smith is a registered investment advisor at Kovack Advisors, INC., based in Belleville, IL, with 41 years of industry experience. Gaines is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Estate Planning, High Net Worth, Investment Management, Retirement Planning, and 1 more. Their firm serves 13,293 clients with $6.3B in assets under management.

Kovack Advisors, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
258 advisors
Number of Clients
13,293 clients
Average Client Portfolio
$472K average
Assets Under Management
$6.3B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.90%

Maximum annual fee is 2.90%. Fees are negotiable depending on asset amount, type, complexity, and services provided. Combined fees with third-party managers will not exceed 2.90%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

Belleville, IL

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History

Regulatory History (1)
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Regulatory
February 2015
Final
View Full SEC ReportHow to Read Disclosures
Other 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.
January 2015 - Present · 11 yrs 9 mos
Kovack Securities INC.Broker
October 2014 - Present · 12 yrs
Previous Registrations
Resource Horizons Investment Advisory, INC.
January 2013 - December 2014 · 1 yr 11 mos
Resource Horizons Group LLCBroker
October 2012 - October 2014 · 2 yrs
Gaines Financial Services, INC.
December 1997 - December 2012 · 15 yrs
Gaines Financial CorporationBroker
December 1988 - February 2013 · 24 yrs 2 mos
Metlife Securities INC.Broker
November 1986 - December 1988 · 2 yrs 1 mo
Metropolitan Life Insurance CompanyBroker
January 1985 - December 1988 · 3 yrs 11 mos
State Registrations11 states
CACOFLGAILKYMONMTNTXWA
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.
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