David Robert Frazier

Employer firm

Kapstone Financial Advisors LLC CRD 318885

$322M regulatory AUM

Reported services (Item 5G)

• Financial planning
• Portfolio management (individuals)
• Pension consulting

From the firm’s Form ADV. Read the guides:

• Item 5F — Regulatory AUM
• Item 5G — Advisory services
• Full firm profile

Current Employers

Employment History

• 12/2002 → 02/2026
  Kovack Securities, Inc.
  Ft. Lauderdale, FL
• 08/2006 → 02/2026
  Kovack Advisors, Inc
  Ft. Lauderdale, FL
• 02/2026 → Present
  Kapstone Financial Advisors Llc
  Lebanon, OH

Previous Registrations

• 2006-08-15 → 2026-02-26
  Kovack Advisors, Inc.
  Ft. Lauderdale, FL
  Springboro, OH
  Ft. Lauderdale, FL
• 2004-08-02 → 2006-08-15
  Kovack Securities Inc.
  Adrian, MI
  Springboro, OH
  Salem, OH
  Ft. Lauderdale, FL

Other Businesses

1) American Access, Inc; Not investment-related; Springboro, OH 45066; Real Estate & Equipment Rental; President; 4/28/1997; Less than 5 hours per month; 0 during trading hours; Administrative duties 2) Frazier & Associates, LLC; Not investment-related; Franklin, OH 45005; Family farm; President; 1/23/2003; Less than 10 hours per month; 0 during trading hours; Manage business, do taxes, and manage investments 3) Northshore on Lake Apalachia HOA; Not investment-related; Murphy, NC. 28906; Administration; President & Board Member; 1/1/2022; Less than 5 hours per month; 0 during trading hours; Preside over meetings and administration

Exams

• S65 Uniform Investment Adviser Law Examination
  1997-09-12
• S63 Uniform Securities Agent State Law Examination
  1997-08-21

Designations

• Certified Financial Planner