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Drake & Associates
Drake & Associates was established in Waukesha, Wisconsin, where it remains headquartered in the Milwaukee metropolitan area. The practice provides wealth...
Drake & Associates
Drake & Associates was established in Waukesha, Wisconsin, where it remains headquartered in the Milwaukee metropolitan area. The practice provides wealth management and financial planning services to a client base consisting primarily of individuals and families. The firm operates under the regulatory oversight applicable to registered investment advisors in the United States. Drake & Associates constructs client portfolios using a diversified approach that spans asset classes including equities, fixed income, and cash equivalents. The firm's public communications emphasize a process rooted in behavioral coaching — aiming to keep clients disciplined through market cycles — rather than tactical market-timing. Client portfolios are managed on a discretionary basis, with investment decisions guided by risk tolerance, time horizon, and income needs. The firm describes a planning-centric philosophy that integrates tax-aware asset location, retirement income modeling, Social Security optimization, and estate-planning coordination. Its service model suggests an average client profile concentrated among pre-retirees and retirees in southeastern Wisconsin. The firm operates as a single-location practice in Waukesha. It maintains registration as an investment advisor with state securities regulators. Its professional headcount and total assets under management are not publicly disclosed, which is typical for closely held advisory practices of this scale. Drake & Associates is independent and not affiliated with any bank holding company or large wealth-management platform consolidator. Drake & Associates differs structurally from a family office in that it serves multiple unrelated client households rather than managing the wealth of a single family or a small, closed group of ultra-high-net-worth families. The firm's RIA-only registration means it accepts a fiduciary duty to its clients under the Investment Advisers Act of 1940. Its independence frees it from proprietary product mandates that constrain advisors at bank-owned or broker-dealer-affiliated firms — a structural distinction that shapes its open-architecture investment lineup.
General information
Firm type
Bank / Wealth / Trust
Year founded
2019
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Waukesha
Corporate office
Waukesha, WI, United States
Frequently asked questions
How is Drake & Associates different from a single-family office?
Drake & Associates is a registered investment advisor serving multiple unrelated clients, not a dedicated single-family office. A single-family office manages the centralized affairs — investments, tax, legacy, and lifestyle — of one ultra-wealthy family. Drake & Associates provides wealth management and financial planning to a broader retail and mass-affluent clientele in southeastern Wisconsin. Its regulatory obligations as an RIA include a fiduciary duty that must apply uniformly across all accounts, not just a single family.
Does Drake & Associates accept commission-based compensation?
Public record indicates Drake & Associates operates as a fee-only registered investment advisor, a structure formally disclosed in regulatory filings. Fee-only compensation means the firm collects advisory fees based on a percentage of client assets, hourly charges, or fixed retainer fees, but does not receive commissions from selling financial products. This model eliminates the incentive conflict inherent in commission-based brokerage relationships.
What kind of client does Drake & Associates typically serve?
The firm's geographic concentration and service descriptions point to pre-retirees, retirees, and families in the Waukesha and greater Milwaukee area. Its planning-centric model addresses retirement income planning and wealth preservation needs. While Drake & Associates hasn't published minimum account sizes publicly, its RIA registration and local-market focus suggest a retail and mass-affluent client base rather than ultra-high-net-worth institutional or multi-generational family-office relationships.
How does Drake & Associates invest client capital?
Drake & Associates builds diversified portfolios spanning equities, fixed income, and cash strategies, tailored to each client's financial plan and risk tolerance. Public descriptions emphasize behavioral discipline and tax-aware management over speculative trading. The firm's documented willingness to deploy across multiple asset classes confirms discretionary management authority, but specific allocations are a function of individual client investment policy statements.
Is Drake & Associates affiliated with a bank or brokerage firm?
There is no public record indicating Drake & Associates is a subsidiary or affiliate of any bank, broker-dealer, or large wealth-management aggregator. It is an independent RIA headquartered in Waukesha, Wisconsin. Independence provides structural discretion over investment selection, allowing the firm to choose managers and vehicles without proprietary-product pressure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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