Raymond Velasco
Raymond Velasco is a registered investment advisor at Kovack Advisors, INC., based in Ft. Lauderdale, FL, 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, Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 14,305 clients with $5.5B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
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.
Location
6451 N. Federal Hwy, Suite 1201, Ft. Lauderdale, FL, 33308
Get directionsHistory
Regulatory History (3)
Regulatory
April 2021Customer Dispute
January 2020Employment Separation After Allegations
June 2019Other 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.
Previous Registrations
Opus Wealth Management Group
LPL Financial LLC
LPL Financial LLCBroker
Metlife Securities INC.
Metlife Securities, INCBroker
Metropolitan Life Insurance CompanyBroker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations1 state
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.