Drum Hill Capital, LLC (Norwalk)

Name: Drum Hill Capital, LLC
Address: 200 Connecticut Avenue, Norwalk, CT, 06854 1907
Telephone: 203-349-8182

Drum Hill Capital, LLC is a large advisory firm based in Norwalk. It manages $147.71 million of regulatory assets for 195 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Connecticut, Massachusetts, New Hampshire, New York, and Texas.

Drum Hill Capital provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Drum Hill Capital: assets under management

The assets under management (AUM) of Drum Hill Capital, LLC is $147.71 million. The firm's AUM has grown by 208% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $121.25 million in discretionary accounts and $26.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $700.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.2 million.

Drum Hill Capital has custody of $11.16 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Drum Hill Capital, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Drum Hill Capital serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Drum Hill Capital is high net worth individuals with 41 clients and $134.27 million of assets under management. Among the 11 most similar advisory firms, Drum Hill Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $147.69 million for 76 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Drum Hill Capital doesn't advise any private funds.

Careers at Drum Hill Capital, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Cleaves Nightingale	President / managing member / chief compliance officer	1 Apr 1998	75% - 100%	1031072

Based in Norwalk

The principal office where Drum Hill Capital, LLC performs its advisory services is located at 200 Connecticut Avenue, Norwalk, CT 06854 1907, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-349-8182 or by fax 203-286-2860. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at drumhill.com.