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Anthony Agbay

Kovack Advisors, INC.
32 Years of Experience
Troy, MI
12 DisclosuresBrokerSells Insurance
View SEC Summary
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Anthony Agbay is a registered investment advisor at Kovack Advisors, INC., based in Troy, MI, with 32 years of industry experience. Anthony 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
257 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

1450 W. Long Lake, Suite 180, Troy, MI, 48098

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History

Regulatory History (12)
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
December 2025
Customer Dispute
May 2025
Denied
Judgment / Lien
October 2019
Judgment / Lien
January 2016
Customer Dispute
March 2010
Settled
Customer Dispute
February 2009
Settled
Customer Dispute
March 2007
Denied
Customer Dispute
December 2006
Denied
Customer Dispute
December 2006
Denied
Customer Dispute
May 2005
Settled
Customer Dispute
June 2004
Dismissed
Customer Dispute
August 2001
Award / Judgment
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Anthony is a managing member of The Agbay Group LLC, an advisory/consulting firm, spending about 10% of his time on operations. He also works as a licensed insurance agent, advising clients on fixed insurance products including life insurance and fixed index annuities, which takes another 10% of his time.

Employment History
Current Registrations
Kovack Advisors, INC.
July 2015 - Present · 11 yrs 3 mos
Kovack Securities INC.Broker
July 2015 - Present · 11 yrs 3 mos
Previous Registrations
L.M. Kohn & Company
July 2012 - July 2015 · 3 yrs
L.M. Kohn & CompanyBroker
July 2012 - July 2015 · 3 yrs
Leonard and Company
December 2010 - July 2012 · 1 yr 7 mos
Leonard & CompanyBroker
July 2009 - July 2012 · 3 yrs
Raymond James & Associates, INC.Broker
November 2006 - July 2009 · 2 yrs 8 mos
UBS Financial Services INC.Broker
November 1998 - November 2006 · 8 yrs
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
November 1993 - November 1998 · 5 yrs
State Registrations16 states
ALAZCACOFLGAMINCNJNYOHOKPASCWIWV
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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