Lee Simmonds
Lee Simmonds is a registered investment advisor at Kovack Advisors, INC., based in Ft. Lauderdale, FL, with 39 years of industry experience. Lee 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
Get directionsHistory
Regulatory History (5)
Judgment / Lien
April 2025Judgment / Lien
June 2024Employment Separation After Allegations
May 2009Customer Dispute
April 2009Judgment / Lien
July 2008Other Business ActivitiesSells Insurance
Lee is an agent for The Standard Life Insurance Company selling fixed annuities, life, and disability insurance, dedicating minimal time. Lee also works with Genworth Financial Insurance Company and American National Insurance Company selling life insurance and fixed annuities, spending minimal time, and is a notary public, spending minimal time.
Employment History
Current Registrations
Kovack Advisors, INC.
Kovack Securities INC.Broker
Previous Registrations
LPL Financial Corporation
LPL Financial CorporationBroker
Advest, INC.Broker
Newhard, Cook & CO. IncorporatedBroker
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.