Drake & Associates, LLC is a large advisory firm based in Waukesha. It manages $101.97 million of regulatory assets for 976 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida, Ohio, Texas, and Wisconsin.
Drake & Associates provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Drake & Associates, LLC is $101.97 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Drake & Associates, LLC for their services and products based on a percentage of assets under management and hourly charges. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Drake & Associates is individuals with 960 clients and $85.47 million of assets under management. Among the 10 most similar advisory firms, Drake & Associates has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $101.97 million for 976 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.
Drake & Associates doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 33 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 receive compensation from other entities for client referrals.
The principal office where Drake & Associates, LLC performs its advisory services is located at 2212 E. Moreland Blvd Suite 200, Waukesha, WI 53186, 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 414-409-7226 or by fax 414-409-7221. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at twitter.com/tonydrakecfp.