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Frank Anderes

Kovack Advisors, INC.
39 Years of Experience
Fresno, CA
6 DisclosuresBrokerSells Insurance
View SEC Summary
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Frank Anderes is a registered investment advisor at Kovack Advisors, INC., based in Fresno, CA, with 39 years of industry experience. Frank 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
—
View Full SEC Brochure

Location

Fresno, CA

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History

Regulatory History (6)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Judgment / Lien
February 2014
Judgment / Lien
December 2012
Judgment / Lien
June 2012
Judgment / Lien
August 2011
Judgment / Lien
February 2011
Judgment / Lien
March 2010
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Frank is the executor of a trust, involved in fixed insurance sales, and a board member for a horseback riding club. He also holds durable power of attorney for his mother, spending minimal time on each of these activities.

Employment History
Current Registrations
Kovack Advisors, INC.
April 2015 - Present · 11 yrs 6 mos
Kovack Securities INC.Broker
April 2015 - Present · 11 yrs 6 mos
Previous Registrations
LPL Financial LLC
March 2006 - March 2015 · 9 yrs
LPL Financial LLCBroker
March 2006 - March 2015 · 9 yrs
Piper Jaffray & CO.
December 2000 - April 2006 · 5 yrs 4 mos
Piper Jaffray & CO.Broker
December 2000 - April 2006 · 5 yrs 4 mos
Prudential Securities IncorporatedBroker
June 1997 - December 2000 · 3 yrs 6 mos
Dean Witter Reynolds INC.Broker
April 1993 - July 1997 · 4 yrs 3 mos
Lehman Brothers INC.Broker
April 1988 - April 1993 · 5 yrs
E. F. Hutton & Company INCBroker
February 1987 - April 1988 · 1 yr 2 mos
State Registrations5 states
CACONVORTN
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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