The following Fee Schedule outlines the current fees which are associated with your licenses at KSI and Kovack Advisors. The fees are based one of three categories: FINRA/SEC Fees, State Fees, and KSI/KAI related expenses. As such they are itemized for you below:

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FINRA Fees: $ Amount Fee Occurs
Annual Regulatory Assessment Fee
Every Year
FINRA Fingerprint Processing Fee
Upon Registering w/ KSI
FINRA Initial Registration, Transfer, or Annual Renewal Fee
Every Year in December
FINRA Mandatory E-Mail Registration/Renewal & Cybersecurity Bundle Fee
(Please note, the fee applies for each e-mail account)
FINRA Branch Office Initial/Renewal Fee
* plus any applicable state charges as noted in the table below
$250.00 minimum*
Every Year in December
FINRA Termination Fee

Plus if your Office is located in one of the following states then an additional state fee applies as listed:

State Initial Branch Fee Fee Branch Renewal Fee Fee Occurs
Alaska $75.00 $75.00 Every Year in December
Arkansas $50.00 $50.00 Every Year in December
Connecticut $125.00 $0.00 Non-Recurring
Florida $100.00 $100.00 Every Year in December
Illinois $20.00 $20.00 Every Year in December
Maine $50.00 $30.00 Every Year in December
Nevada $100.00 $100.00 Every Year in December
Rhode Island $100.00 $100.00 Every Year in December
Vermont $120.00 $120.00 Every Year in December
Virgin Islands $100.00 $100.00 Every Year in December
West Virginia $60.00 $60.00 Every Year in December
Wisconsin $80.00 $80.00 Every Year in December
SEC Fees:
SEC Annual Renewal Fee (For all Registered Investment Advisor Reps) $85.00 Every Year in December
State Securities Fees:
Varies by State. See the State Securities Fee Schedule by clicking HERE. Every Year in December
State Registered Investment Advisor (RIA) Fees:
Varies by State. See the State RIA Fee Schedule by clicking HERE. Every Year in December
Kovack Securities & Kovack Advisors Ongoing Expenses: $ Amount Fee Occurs
Errors & Omissions Insurance (E&O)/Fidelity Bond Coverage
Errors & Omissions Insurance (E&O)- Registered Sales Assistants
Kovack Sign
Upon Request
Upon Request
U4 Disclosure Fee
Per Disclosure, Upon Registering with KSI
Outside Business Activities (Fixed Ins. & DBAs not included)
Yearly (per U4 reportable OBA)
Firm Element CE
Annual Compliance Meeting
At theTime of the Meeting
Annual Compliance Branch Audit - One Rep Office
At theTime of the Audit
Annual Compliance Branch Audit - Multiple Rep Office
At theTime of the Audit
Laptop Encryption Fee, (per device)
Text Message Archiving
Social Media Fee:
    LinkedIn Business (DBA) Profile
Bounced Check or Rejected EFT Debit
Per Occurrence
Wealthscape or NetExchange Pro Technology Fee
PortfolioOne (Albridge) Fee:
Basic Light Version
Enhanced Premium Version
Tracker BI
KSI Annual Renewal Fee
Every Year in December
Advances on Commissions Advance Amount Fee Charged
Under $3k
Flat $150
$3k and Higher
Greater of $150 or 5% of the requested advance
FINRA Exam Fees: $ Amount
Series 6
Series 7
Series 24
Series 26
Series 27
Series 63
Series 65
Series 66
Series 99