Nicholas Lucas is a registered investment advisor at Draper Asset Management, LLC, based in Smithtown, NY, with 1 years of industry experience. Nicholas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Investment Management, Retirement Planning, Tax Planning. Their firm serves 560 clients with $200M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Draper Asset Management charges an annual fee for investment management, ranging from 0.15% to 1.25% of the assets they manage. The specific percentage depends on the size and composition of your portfolio and the services you receive. This fee is calculated each quarter, based on the market value of your investments at the end of the previous quarter. Draper Asset Management can negotiate a different fee rate for certain client holdings. They also offer performance-based fees to qualified clients, consisting of a base fee of 1% of assets managed and a performance fee of 10% of net portfolio gains, subject to a high water mark.
Location
116 Terry Road, Floor 1, Smithtown, NY, 11787
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Current Registrations
Draper Asset Management, LLC
State Registrations2 states
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