Erik Drewes
Erik Drewes is a registered investment advisor at Partners Capital Services, INC., based in Hauppauge, NY, with 34 years of industry experience. Erik operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management. Their firm serves 238 clients with $110M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Partners Capital Services uses RBC Clearing and Custody for portfolio management. Fees for investment supervisory services range from 0.75% to 2.50% annually, based on assets managed, services provided, and whether a third party manages the portfolio. Fees are deducted directly from the client's account quarterly or billed quarterly. A portion of the fee goes to RBC or the sub-advisor. Accounts may incur annual fees from the broker-dealer if they don't meet the fee waiver threshold, and some accounts may incur per-trade ticket charges. The suggested minimum account size is $5,000 for individual portfolio management and $100,000 for portfolio management services with a third party.
Location
205 Oser Ave, Hauppauge, NY, 11788
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Erik is the president of Rhino Partners LLC, a holding company, spending minimal time on it. He is also involved with Partners Capital Services, Inc., a fee-based registered investment advisor, and owns SaltLife5 Inc., another holding company, dedicating minimal time.
Employment History
Current Registrations
Partners Capital Services, INC.
American Capital Partners, LLCBroker
Previous Registrations
Milestone Financial Services, INC.Broker
Royce Investment Group, INC.Broker
Kensington Wells IncorporatedBroker
Rickel & Associates, INC.Broker
South Richmond Securities, INC.Broker
State Registrations52 states
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