Michael Gracy
Michael Gracy is a CFP-designated registered investment advisor at Kovack Advisors, INC., based in Gainesville, FL, with 25 years of industry experience. Michael 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.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.90% |
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
Location
3520 NW 43rd Street, Gainesville, FL, 32606
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Regulatory History
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.
Learn about disclosures →Other Business ActivitiesSells Insurance
Michael operates under the DBA Gracy Wealth Management, focusing on financial planning and fixed insurance, dedicating about three-quarters of his time. He also engages in fixed insurance sales, spending about 10% of his time on this activity, and participates in various community and professional organizations, including Rotary District 6970, the Eighth Circuit Grievance Committee, and the Matheson History Museum.
Employment History
Current Registrations
Kovack Advisors, INC.
Kovack Securities INC.Broker
Previous Registrations
Resource Horizons Investment Advisory, INC.
Resource Horizons Group LLCBroker
1st Global Advisors INC
1st Global Capital CORP.Broker
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
State Registrations6 states
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
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