Kovack, TKG and Capital Guardian
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In a much smaller acquisition, Kovack Securities Inc., a mid-sized firm that is home to approximately 400 advisers, said in May it was purchasing the assets of TKG Financial, a small IBD with around 10 advisers and more than $200 million in client assets. Kovack followed that deal with another in September, when it announced it had bought the brokerage assets of Capital Guardian, a wealth management firm with 35 financial advisers that previously closed its broker-dealer.
