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Thomas Neumann

Drake & Associates, LLC
13 Years of Experience
Waukesha, WI
Sells Insurance
View SEC Summary
View SEC Summary

Thomas Neumann is a registered investment advisor at Drake & Associates, LLC, based in Waukesha, WI, with 13 years of industry experience. Thomas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, High Net Worth, Insurance Planning, and 3 more. Their firm serves 3,401 clients with $610M in assets under management.

Drake & Associates, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
16 advisors
Number of Clients
3,401 clients
Average Client Portfolio
$179K average
Assets Under Management
$607.3M

Fee Structure

Minimum Investment:$250K
Planning is included in investment management
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $500K1.50%
$500K - $1.0M1.25%
$1.0M - $3.0M1.00%
$3.0M - $5.0M0.80%
$5M+0.65%

Fees are negotiable based on client needs and situation complexity. Certain accounts on Plan Confidence may be grandfathered at 0.50%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

20965 Crossroads Circle, Waukesha, WI, 53186

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History

Regulatory History
Clean regulatory record

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.

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Other Business ActivitiesSells Insurance

Thomas is a board member of Long Lake Protection District, dedicating minimal time to meetings about budgeting and lake management. He is also a licensed insurance agent in Wisconsin, offering clients advice or insurance products, which accounts for 40% of his yearly compensation.

Employment History
Current Registrations
Drake & Associates, LLC
April 2019 - Present · 7 yrs 6 mos
Previous Registrations
Huntington Financial Advisors
July 2018 - March 2019 · 8 mos
The Huntington Investment CompanyBroker
July 2018 - March 2019 · 8 mos
Wells Fargo Clearing Services, LLC
October 2017 - April 2018 · 6 mos
Wells Fargo Clearing Services, LLCBroker
October 2017 - April 2018 · 6 mos
Wells Fargo Funds Management, LLC
February 2010 - March 2010 · 1 mo
Wells Fargo Funds Distributor, LLCBroker
September 2005 - March 2010 · 4 yrs 6 mos
State Registrations1 state
WI
Advisor

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.

Exams
No exam information available for this advisor.
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