Lee Simmonds
Lee Simmonds is a registered investment advisor at Kovack Advisors, INC., based in Greenville, IL, with 39 years of industry experience. Lee 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.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.90% |
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
Location
1201 E. State Rt. 140, Greenville, IL, 62246
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.
Exams
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