{"url":"https://nivawealth.com/firms/dra-advisors-106311","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106311","regulatoryAum":14420756046,"crd":"106311","secFileNumber":"801-46908","legalName":"Dra Advisors LLC","displayName":"Dra Advisors","website":"http://www.draadvisors.com/","linkedinUrl":"https://www.linkedin.com/company/draadvisors","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"575 Fifth Avenue, 38th Floor","city":"New York","state":"NY","stateName":"New York","country":"United States","postalCode":"10017"},"tradeNames":[],"registration":{"secApproved":"25 July 1994","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":99,"advisory":74,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":14420756046,"discretionaryAccounts":21,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":24,"regulatoryAum":14420756046}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Dra Advisors has custody of $14.42B for 24 clients.","otherCustodians":[],"leadership":[{"name":"David Luski","title":"President","crd":"4353996"},{"name":"Jean Apruzzese","title":"Chief Operating Officer","crd":"4354197"},{"name":"David Gray","title":"Chief Compliance Officer & Managing Director","crd":"4935459"},{"name":"Adam Breen","title":"Chief Capital Officer","crd":"8243675"},{"name":"Matthew Shore","title":"Chief Investment Officer","crd":"8243656"}],"ownership":[{"label":"Dra Holdings LLC","detail":"Member in the 75% or more ownership band and a control person, since January 2003."},{"label":"David Luski","detail":"Indirect owner: a president/shareholder (series 1 common stock) of Dra Advisors, Inc. in the 75% or more band and a control person, since June 1994.","parent":"Dra Advisors, Inc."},{"label":"Dra Advisors, Inc.","detail":"Indirect owner: a managing member of Dra Holdings LLC in the 75% or more band and a control person, since January 2003.","parent":"Dra Holdings LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"505 Sansome Street","city":"San Francisco"}]},{"state":"Florida","offices":1,"addresses":[{"street":"100 Se 2nd Street","city":"Miami"}]},{"state":"New York","offices":1,"addresses":[{"street":"575 Fifth Avenue, 38th Floor","city":"New York","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-697-4740","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":15},"sources":{"adv1FilingDate":"17 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106311/PDF/106311.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Dra Advisors have?","answer":"Dra Advisors has 24 clients and manages $14.4 billion for them, as of August 2026.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 17 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Dra Advisors offer?","answer":"Dra Advisors provides portfolio management for pooled vehicles.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Dra Advisors have?","answer":"Dra Advisors has 0 investment adviser representatives registered with state securities authorities, out of 99 employees, and 74 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Dra Advisors?","answer":"Dra Advisors is owned through a chain of holding companies by David Luski. Its direct owner is Dra Holdings LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 17 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Dra Advisors get paid?","answer":"Dra Advisors is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}