Drake Operating Management LLC is a large advisory firm based in New York. It manages $300 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of New York.
Drake Operating Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Drake Operating Management LLC is $300 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Drake Operating Management LLC for their services and products based on a percentage of assets under management and performance-based 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.
Anthony Louis Faillace has served as the Chief Investment Officer since 1 May 2001. Stacey Lauren Feller joined the executive team most recently as the Chief Financial Officer.
The principal office where Drake Operating Management LLC performs its advisory services is located at 660 Madison Avenue, 16 Th Floor, New York, NY 10021, 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 212-935-2000 or by fax 212-935-5543. 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 www.drakemanagement.com.