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Alfred Labib

Kovack Advisors, INC.
27 Years of Experience
Hagerstown, MD
BrokerSells Insurance
View SEC Summary
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Alfred Labib is a registered investment advisor at Kovack Advisors, INC., based in Hagerstown, MD, with 27 years of industry experience. Alfred 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
—
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Location

5 Public Square, Suite 425, Hagerstown, MD, 21740

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Alfred manages Legacy Wealth Management LLC, spending about half of his time there. He also engages in real estate activities and insurance sales (life, LTC, FA, VUL, and VA), dedicating about 10-20% of his time to each, and manages real estate rentals and investments through Diversified, LLC, spending about 20% of his time there.

Employment History
Current Registrations
Kovack Securities INC.Broker
February 2022 - Present · 4 yrs 8 mos
Kovack Advisors, INC.
February 2022 - Present · 4 yrs 8 mos
Previous Registrations
Sagepoint Financial, INC.Broker
October 2005 - February 2022 · 16 yrs 4 mos
Sagepoint Financial, INC.
October 2005 - February 2022 · 16 yrs 4 mos
Sunamerica Securities, INC.
November 2001 - October 2005 · 3 yrs 11 mos
Sunamerica Securities, INC.Broker
September 2001 - October 2005 · 4 yrs 1 mo
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
August 1999 - September 2001 · 2 yrs 1 mo
State Registrations7 states
CADEFLMDNCPAVA
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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