Drake & Associates offers ongoing investment management and personalized financial planning services based on each client's individual goals, time horizon, and risk tolerance. Drake & Associates builds portfolios using third-party model portfolios and exchange-traded funds, mutual funds, and individual securities, with assets held at Charles Schwab & Co. In addition to portfolio management, Drake & Associates provides financial planning covering investment strategy, retirement, taxes, insurance, college funding, and debt. Associated professionals may also act as licensed insurance agents to recommend insurance products, such as annuities, through an affiliated company. Drake & Associates primarily serves individuals and high-net-worth individuals.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.80% |
| $5M+ | 0.65% |
Fees are negotiable based on client needs and situation complexity. Certain accounts on Plan Confidence may be grandfathered at 0.50%.