KY
KY

Kenneth Yermak

29 Years of Experience
Ft. Lauderdale, FL
3 DisclosuresBrokerSells Insurance

Kenneth Yermak is a registered investment advisor at Kovack Advisors, INC., based in Ft. Lauderdale, FL, with 29 years of industry experience. Kenneth 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
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
259 advisors
Number of Clients
14,305 clients
Average Client Portfolio
$387K average
Assets Under Management
$5.5B

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.

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Location

6451 N. Federal Hwy, Suite 1201, Ft. Lauderdale, FL, 33308

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History

Regulatory History (3)
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.
Customer Dispute
October 2012
Settled
Customer Dispute
August 2003
Denied
Customer Dispute
January 2002
Denied
Other Business ActivitiesSells Insurance

Kenneth is the President and Financial Advisor for Yermak Financial Advisors, Inc., dedicating most of his time to providing financial advice. He also sells fixed insurance, which takes minimal time.

Employment History
Current Registrations
Kovack Advisors, INC.
February 2011 - Present · 15 yrs 3 mos
Kovack Securities INC.Broker
January 2011 - Present · 15 yrs 4 mos
Previous Registrations
Charles Schwab & CO., INC.
June 2002 - November 2010 · 8 yrs 5 mos
Charles Schwab & CO., INC.Broker
June 2002 - November 2010 · 8 yrs 5 mos
American Express Financial Advisors, INC.
December 1997 - June 2002 · 4 yrs 6 mos
American Express Financial Advisors INC.Broker
November 1996 - June 2002 · 5 yrs 7 mos
Ids Life Insurance CompanyBroker
November 1996 - June 2002 · 5 yrs 7 mos
L.C. Wegard & CO., INC.Broker
July 1995 - September 1995 · 2 mos
State Registrations6 states
CAFLILNVOHTX
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.
Kenneth Yermak - Financial Advisor | TrueAdvisor