Drake & Associates provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Drake & Associates reports 3,401 clients. They include 2,756 individual clients and 645 high-net-worth individuals. Of its assets, 100.0% ($607M across 3,401 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 59% |
| High-net-worth individuals | 19% | 41% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 2,756 | $361M | 59.4% | $131K |
| High-net-worth individuals | 645 | $247M | 40.6% | $382K |
| Total | 3,401 | $607M | 100% | $179K |
- Clients
- 2,756
- Regulatory AUM
- $361M
- AUM share
- 59.4%
- Avg. per client
- $131K
- Clients
- 645
- Regulatory AUM
- $247M
- AUM share
- 40.6%
- Avg. per client
- $382K
Total
- Clients
- 3,401
- Regulatory AUM
- $607M
- AUM share
- 100%
- Avg. per client
- $179K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Drake & Associates charges 0.65%–1.50% a year for its Investment Supervisory Services. The fee is billed in advance and is negotiable.
Fee details and sources
Anthony Drake owns 75% or more of Drake & Associates. The leadership team of Drake & Associates includes Chief Compliance Officer Donna Naitove. It has 36 employees, 15 of them in advisory roles.
Leadership
- Donna NaitoveChief Compliance Officer
- Anthony DrakeManaging Member
- Robin RettschlagDirector of Operations
Investment adviser representatives
17 representatives listed in the SEC register as of 9 October 2026.
- Kristina Amelia Alfini
- Bradley Michael Allen
- Carson Joseph Biber
- Brendan Matthias Christiansen
- Jonathan Carl Costa
- Anthony Samuel Drake
- Joshua Todd Hines
- Malachi Hummel
- Ryan John Janick
- Chase Frederick Lakari
- John Francis Majewski
- Thomas Joseph Neumann
- Jacob Joseph Newlin
- Ryan Radecki
- Jessica Jeanne Reddy
- Anthony Trindade
- Randall John Winkler
Staff
- 36 employees
- 15 in advisory functions
- 15 state-registered reps
- 14 insurance agents
- 1 soliciting firm
- Owns 75% or more of Drake & Associates, LLC
Anthony Drake
Control person · since August 2010
Drake & Associates’ regulatory assets grew 3.7× from $163M (July 2021) to $607M (September 2026); clients rose from 1,409 to 3,401 and employees from 11 to 36.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $607M | 3,401 | 36 | 2 |
| July 2025 | $419M | 988 | 37 | 3 |
| July 2024 | $313M | 1,288 | 25 | 3 |
| March 2023 | $227M | 730 | 9 | 2 |
| April 2022 | $228M | 1,346 | 11 | 2 |
| July 2021 | $163M | 1,409 | 11 | 1 |
Besides its headquarters, Drake & Associates has 1 office, with 2 listed addresses in Wisconsin.
Wisconsin · 2 listed addresses
- 20965 Crossroads Circle, WaukeshaHQ
- 1339 W Mequon RD., Mequon
Contact and registration details
- Legal name
- Drake & Associates, LLC
- Headquarters
- 20965 Crossroads Circle, Waukesha, WI 53186
- Website
- drakeandassociates.net
- Phone
- 414-409-7226
- @1400397
- SEC file
- 801-115301
- Structure
- Wisconsin LLC
- Fiscal year end
- December
Drake & Associates uses Charles Schwab ($607M) as custodian for its separately managed accounts. Drake & Associates does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $607M100%
At year end, Drake & Associates’ separately managed accounts were mostly in funds (80%) and stocks (15%). Its reported 13F holdings for the quarter ended 31 March 2026 total $525M across 97 positions; the largest are Fidelity Merrimack Str TR (8.9%), Columbia ETF TR I (8.6%) and Putnam ETF Trust (7.9%).
What the accounts hold
- Stocks15%
- Funds80%
- Cash5%
Reported 13F holdings
- $525M
- Reported 13F value
- 97
- Positions
- 69.5%
- In the 10 largest
- —
- Value vs. prior quarter
- Fidelity Merrimack Str TR · Total BD ETF8.9%
- Columbia ETF TR I · Resh Enhnc Cor8.6%
- Putnam ETF Trust · Focused Lar Cap7.9%
- iShares TR · Core S&P Mcp ETF6.9%
- Janus Detroit Str TR · Hendrson Aaa CL6.8%
- iShares TR · MSCI Acwi ETF6.8%
- SPDR Series Trust · State Street Spd6.6%
- Two Rds Shared TR · Anfield Unvl ETF6.5%
- Invesco Exch Traded FD TR II · S&P Intl Momnt5.7%
- Pimco ETF TR · Multisector BD4.9%
Together, the ten largest are 69.5% of reported value.
How many clients does Drake & Associates have?
Drake & Associates has 3,401 clients and manages $607 million for them, as of September 2026. They include 2,756 individual clients and 645 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026
What services does Drake & Associates offer?
Drake & Associates provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Drake & Associates charge?
Drake & Associates charges 0.65%–1.50% a year for its Investment Supervisory Services. The fee is billed in advance and is negotiable.
Which custodians does Drake & Associates use?
Drake & Associates’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $607M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 September 2026
How many financial advisors does Drake & Associates have?
Drake & Associates has 15 investment adviser representatives registered with state securities authorities, out of 36 employees, and 15 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 14 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Drake & Associates invest in?
At the end of its last fiscal year, Drake & Associates’ separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Drake & Associates?
Drake & Associates’ direct owner is Anthony Drake (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 September 2026
How does Drake & Associates get paid?
Drake & Associates is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Drake & Associates?
Drake & Associates’ main office is at 20965 Crossroads Circle, Waukesha, WI 53186. Its phone number is 414-409-7226. Its website is drakeandassociates.net.