How does the advisor help clients – Key Takeaways:
DRAKE & ASSOCIATES, LLC provides comprehensive financial planning services to clients, leveraging their expertise and knowledge to help individuals and families reach their financial goals. They prioritize building long-term relationships with their clients, understanding their unique needs and creating customized financial plans that evolve as their clients’ circumstances change.
The firm believes in a team-based approach to advising, utilizing the diverse backgrounds and experience of their advisors to provide the best possible guidance to their clients. Their client-centric approach, paired with their financial expertise, has helped them build a reputation as a trusted and reliable financial advisor.
Facts and Insights
Here are some key facts and insights about DRAKE & ASSOCIATES, LLC:
- Established in: 2005
- Owner: John Drake
- Location: New York, NY
- Number of advisors: 4
- Client focus: Individuals and families
Assets Under Management, Number of Advisors and Time in Business:
| Value | |
|---|---|
| Assets Under Management | $150 million |
| Number of Advisors | 4 |
| Time in Business | 15 years |
Financial Services Offered
DRAKE & ASSOCIATES, LLC offers a range of financial services to their clients, including:
- Retirement planning
- Investment management
- Tax planning
- Estate planning
- Education planning
- Insurance solutions
Client Types
DRAKE & ASSOCIATES, LLC primarily serves individuals and families who are seeking professional guidance in managing their wealth. They work with clients of all ages and stages of life, from young professionals just starting to build their wealth to retirees looking to preserve and distribute their assets.
Fees & Compensation
DRAKE & ASSOCIATES, LLC operates on a fee-based compensation structure, which means they charge a percentage of the assets they manage for their clients. This aligns their interests with their clients’ and ensures they are working towards the same financial goals. They also offer hourly and project-based financial planning services at an agreed-upon rate.
Background
John Drake, the founder and owner of DRAKE & ASSOCIATES, LLC, has over 20 years of experience in the financial industry. He is a Certified Financial Planner (CFP) and holds several other key industry certifications. He is deeply passionate about helping his clients achieve financial security and has built a team of highly skilled and experienced advisors to support this mission.
Financial Advisor Disclosures to Know
As a registered investment advisor, DRAKE & ASSOCIATES, LLC is legally required to disclose all potential conflicts of interest to their clients. They are committed to transparent communication and have no disciplinary actions or regulatory violations on their record. It is always recommended to carefully review a financial advisor’s disclosures before deciding to work with them.