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Capital Guardian Joins Kovack Securities as Super OSJ


Capital Guardian LLC, a Miami-based independent broker-dealer and wealth management firm, has joined Kovack Securities Inc., an independent broker-dealer based in Fort Lauderdale.

Capital Guardian, which has 35 financial advisors, dissolved its broker-dealer platform and is now an independent branch, or Super-OSJ (office of supervisory jurisdiction), of Kovack Securities for all future brokerage activities.  Including Capital Guardian’s brokerage assets, Kovack Securities will support nearly $10 billion in total advisory and brokerage client assets going forward.

“In this era of surging industry consolidation, our strategic alliance with Capital Guardian underscores the value proposition Kovack Securities offers to firms that seek to operate scalably, while enjoying the benefits of ownership stability and the boutique service culture that only a well-resourced, family-owned firm with a national footprint can deliver,” said Brian Kovack, president and co-founder of Kovack Securities.

Capital Guardian’s advisors will continue to conduct all fee-based advisory services and financial planning through Capital Guardian Wealth Management LLC, the firm’s independent registered investment advisor, which will remain under its current ownership structure and brand.

In other Kovack news, the broker-dealer recently completed an asset purchase agreement with TKG Financial, an independent broker-dealer and financial advisory firm based in Santa Barbara, California, under which TKG became a super-OSJ of Kovack Securities.

Kovack Securities operates in tandem with its affiliated RIA platform, Kovack Advisors. Founded in 1997, the firm supports approximately 400 affiliated independent financial advisors across the country.

Capital Guardian Wealth Management provides investment opportunities from various domestic and international money management firms, mutual fund companies, as well as asset categories, including managed futures, non-registered real estate investment trusts, hedge funds, private equity, and other alternative investments.

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