Lorenzo Bustamante
Lorenzo Bustamante is a registered investment advisor at Kovack Advisors, INC., based in Ft. Lauderdale, FL, with 19 years of industry experience. Lorenzo 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 (6)
Customer Dispute
April 2021Customer Dispute
July 2019Customer Dispute
October 2018Customer Dispute
February 2018Customer Dispute
December 2017Customer Dispute
March 2016Other Business ActivitiesSells Insurance
Lorenzo works as a sales agent at Smart Insurance Agency, which is an investment-related activity. This takes about 10-20% of Lorenzo's time.
Employment History
Current Registrations
Kovack Advisors, INC.
Kovack Securities INC.Broker
Previous Registrations
Oriental Financial Services CORP.
Oriental Financial Services CORP.Broker
Commercebank Investments Services, INC.
Commercebank Investment Services, INC.Broker
Wachovia Securities, LLC
Wachovia Securities, LLCBroker
State Registrations3 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.