MD
MD

Michael Drasek

14 Years of Experience
Greenwood Village, CO
Broker

Michael Drasek is a registered investment advisor at Empower Advisory Group, LLC, based in Greenwood Village, CO, with 14 years of industry experience. Michael 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 250,707 clients with $160B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1613 advisors
Number of Clients
250,707 clients
Average Client Portfolio
$635K average
Assets Under Management
$159.1B

Fee Structure

Planning is included in investment management
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $100K0.50%
$100K - $250K0.40%
$250K - $400K0.30%
$400K+0.20%

EAG reserves the right to offer discounted fees or waive periodic fees.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location

8515 East Orchard Rd 4T2, Greenwood Village, CO, 80111

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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 Activities

Michael works part-time as an assistant golf professional at Village Links of Glen Ellyn, managing golf leagues, teaching lessons, and assisting in the pro shop. This takes about 10-20% of his time, with minimal time spent during securities trading hours.

Employment History
Current Registrations
Empower Advisory Group, LLC
November 2019 - Present · 6 yrs 6 mos
Empower Financial Services, INC.Broker
November 2019 - Present · 6 yrs 6 mos
Empower Financial Services, INC.
November 2019 - Present · 6 yrs 6 mos
Previous Registrations
Northwestern Mutual Investment Services,llc
December 2016 - May 2019 · 2 yrs 5 mos
Northwestern Mutual Investment Services, LLCBroker
November 2016 - May 2019 · 2 yrs 6 mos
Woodbury Financial Services, INC.Broker
April 2011 - September 2013 · 2 yrs 5 mos
Woodbury Financial Services, INC.
April 2011 - September 2013 · 2 yrs 5 mos
Waddell & Reed, INC.
February 2008 - January 2011 · 2 yrs 11 mos
Waddell & Reed, INC.Broker
January 2008 - January 2011 · 3 yrs
State Registrations2 states
ILWI
AdvisorBrokerBoth

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.
Michael Drasek - Financial Advisor | TrueAdvisor