Ryan Drake
Ryan Drake is a CFP, ChFC-designated registered investment advisor at Commonwealth Retirement Investments LLC, based in Richmond, VA, with 24 years of industry experience. Ryan operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 314 clients with $310M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.85% |
| $2.0M - $5.0M | 0.75% |
| $5.0M - $10.0M | 0.55% |
| $10.0M - $25.0M | 0.50% |
| $25M+ | 0.50% |
Fees negotiable for accounts over $25 million. For relationships less than $1,000,000, the minimum annual fee is $5,000, which may exceed 1% annually. At account inception, CRA may charge a one-time fee of up to an additional 0.25% for additional services related to onboarding.
Fee Estimator
Location
9030 Stony Point Parkway, Suite 470, Richmond, VA, 23235
Get directionsHistory
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 ActivitiesSells Insurance
Ryan is a member/president of Commonwealth Retirement Advisors, LLC, used to pay business expenses, and president/managing member of Commonwealth Retirement Investments, LLC, a registered investment advisor, dedicating full-time hours to this. He also serves as a co-trustee of the Drake Family Irrevocable Trust and is an agent/broker for PKSF, offering disability insurance, fixed and fixed indexed annuities, and fixed life insurance.
Employment History
Current Registrations
Commonwealth Retirement Investments LLC
Purshe Kaplan Sterling InvestmentsBroker
Previous Registrations
Commonwealth Retirement Investments LLC
Lincoln Financial Advisors Corporation
Lincoln Financial Advisors CorporationBroker
The Lincoln National Life Insurance CompanyBroker
State Registrations8 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.