MF
CFP
MF
CFP

Maile Foster

27 Years of Experience
Ft. Lauderdale, FL
4 DisclosuresBrokerSells Insurance

Maile Foster is a CFP-designated registered investment advisor at Kovack Advisors, INC., based in Ft. Lauderdale, FL, with 27 years of industry experience. Maile 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 (4)
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
August 2022
Settled
Customer Dispute
December 2017
Settled
Employment Separation After Allegations
January 2011
Customer Dispute
July 2009
Settled
Other Business ActivitiesSells Insurance

Maile is an owner at MCAPLIN FOSTER ADVISORS, focusing on wealth management and financial planning, dedicating most of her time to this role. She also works as a fixed insurance agent and is a board member of a non-profit foundation, spending minimal time on each.

Employment History
Current Registrations
Kovack Advisors, INC.
April 2011 - Present · 15 yrs 1 mo
Kovack Securities INC.Broker
March 2011 - Present · 15 yrs 2 mos
Previous Registrations
Securian Financial Services, INC.Broker
March 2007 - January 2011 · 3 yrs 10 mos
Securian Financial Services, INC.
March 2007 - January 2011 · 3 yrs 10 mos
Hornor, Townsend & Kent, INC.
August 2005 - March 2007 · 1 yr 7 mos
Hornor, Townsend & Kent, INC.Broker
August 2005 - March 2007 · 1 yr 7 mos
Park Avenue Securities LLC
April 2002 - August 2005 · 3 yrs 4 mos
Park Avenue Securities LLCBroker
March 2002 - August 2005 · 3 yrs 5 mos
Pruco Securities CorporationBroker
March 2000 - January 2002 · 1 yr 10 mos
American Express Financial Advisors INC.Broker
June 1998 - February 2000 · 1 yr 8 mos
Ids Life Insurance CompanyBroker
June 1998 - February 2000 · 1 yr 8 mos
State Registrations11 states
AZCACOCTFLIDMNNYORTXVA
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.
Maile Foster - Financial Advisor | TrueAdvisor