Drew Pelton
Drew Pelton is a ChFC-designated registered investment advisor at Kovack Advisors, INC., based in Baton Rouge, LA, with 22 years of industry experience. Drew 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
4317 Bluebonnet Blvd, Suite B, Baton Rouge, LA, 70809
Get directionsHistory
Regulatory History (2)
Employment Separation After Allegations
June 2025Regulatory
October 2011Other Business ActivitiesSells Insurance
Drew is the president, owner, and consultant for Tax & Retirement Solutions, LLC, assisting clients with fixed index annuities and life insurance, dedicating about half of his time. He also owns The Retirement Income Source franchise and Drew Pelton Investment Services, and has a small ownership stake in Sound Income Group, but these activities do not encompass any business hours.
Employment History
Current Registrations
Proverbi Capital Advisors, LLC
Previous Registrations
Kovack Advisors, INC.
Sound Income Strategies, LLC
Ridge Capital Advisors, LLC
USA Advanced Planners INC.Broker
USA Wealth Management LLC
Usi Securities, INC.
Usi Securities, INC.
Usi Securities, INC.Broker
Walnut Street Securities, INC.Broker
Walnut Street Securities, INC.
MML Investors Services, INC.
MML Investors Services, INC.Broker
State Registrations1 state
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.