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Raymond Velasco

Kovack Advisors, INC.
21 Years of Experience
Lisle, IL
3 Disclosures
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Raymond Velasco is a registered investment advisor at Kovack Advisors, INC., based in Lisle, IL, with 21 years of industry experience. Raymond operates on a fee-only basis, meaning they do not earn commissions from product sales. 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
258 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

3333 Warrenville Road, Suite 200, Lisle, IL, 60532

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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.
Regulatory
April 2021
Final
Customer Dispute
January 2020
Closed-No Action
Employment Separation After Allegations
June 2019
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Raymond owns RVS Wealth Management, where he provides investment advisory services and spends the majority of his time. He also provides advice to clients on how to manage their investment portfolios as an investment advisor representative, dedicating minimal time to this activity.

Employment History
Current Registrations
Kovack Advisors, INC.
October 2019 - Present · 7 yrs
Previous Registrations
Opus Wealth Management Group
December 2016 - June 2019 · 2 yrs 6 mos
LPL Financial LLC
June 2016 - February 2017 · 8 mos
LPL Financial LLCBroker
June 2016 - June 2019 · 3 yrs
Metlife Securities INC.
March 2008 - July 2016 · 8 yrs 4 mos
Metlife Securities, INCBroker
July 2005 - July 2016 · 11 yrs
Metropolitan Life Insurance CompanyBroker
July 2005 - July 2007 · 2 yrs
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
October 2004 - June 2005 · 8 mos
State Registrations1 state
IL
Advisor

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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