Drake Capital Advisors provides investment portfolio management services. They manage assets for private investment funds offered to institutional investors and high-net-worth individuals, as well as separately managed accounts. Drake Capital selects investment managers and determines suitable investment strategies for its clients. They do not offer financial planning services.
Fee Structure
Drake Capital charges an Administrative Allocation based on the value of assets under management. For Series A investments, the fee is 0.95% per year, and for Series B investments, it's 0.85% per year. They also receive an Incentive Allocation equal to 5% of the investor's profits after deducting the Administrative Allocation, subject to a 5% non-cumulative hurdle rate. Fees may vary for separately managed accounts based on account size and objectives.