{
  "crd_number": 136716,
  "slug": "drake-capital-advisors-llc-old-greenwich-ct-136716",
  "primary_business_name": "DRAKE CAPITAL ADVISORS LLC",
  "legal_name": "DRAKE CAPITAL ADVISORS LLC",
  "dbas": [],
  "city": "Old Greenwich",
  "state": "CT",
  "country": "United States",
  "cbsa_code": "14860",
  "metro": {
    "cbsa_code": "14860",
    "common_name": "Bridgeport",
    "msa_name": "Bridgeport-Stamford-Danbury, CT",
    "path": "/advisors/ct/bridgeport"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2006-01-26",
  "years_registered": 20,
  "period": "2026-10-01",
  "filing_date": "2026-03-11",
  "carried_forward": false,
  "raum_total": 713423000.0,
  "raum_discretionary": 713423000.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 5,
  "advisory_employees": 2,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 268484000.0,
      "count": null,
      "description": "ENDOWMENTS",
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 286364000.0,
      "count": 4
    },
    "corporations_other_businesses": {
      "raum": 158575000.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CT"
  ],
  "websites": [
    "https://drakeadvisors.com",
    "https://linkedin.com/company/2922527/admin"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/136716",
  "city_as_filed": "OLD GREENWICH",
  "url": "https://advisorcensus.com/firm/drake-capital-advisors-llc-old-greenwich-ct-136716",
  "display_name": "Drake Capital Advisors LLC",
  "summary": "Drake Capital Advisors LLC is an SEC-registered investment advisory firm in Old Greenwich, CT, registered since 2006, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 11, 2026.",
  "citation": "AdvisorCensus. Drake Capital Advisors LLC (CRD 136716): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Drake Capital Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Drake Capital Advisors LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Drake Capital Advisors LLC located?",
      "a": "Drake Capital Advisors LLC's principal office is in Old Greenwich, CT, according to its Form ADV."
    },
    {
      "q": "Is Drake Capital Advisors LLC registered with the SEC or a state?",
      "a": "Drake Capital Advisors LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 136716."
    },
    {
      "q": "How much does Drake Capital Advisors LLC manage?",
      "a": "Drake Capital Advisors LLC reports $713,423,000 in regulatory assets under management in its Form ADV filing dated March 11, 2026 (100% discretionary)."
    },
    {
      "q": "How have Drake Capital Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Drake Capital Advisors LLC: Regulatory assets under management: $884,660,000 in the October 2021 data and $713,423,000 in the October 2026 data, down 19%. Total employees: 7 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Drake Capital Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4)."
    },
    {
      "q": "Does Drake Capital Advisors LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/136716"
    },
    {
      "q": "What changed in Drake Capital Advisors LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $620,956,000 to $713,423,000 (+15%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 884660000.0,
      "total_employees": 7,
      "filing_date": "2021-03-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 896279000.0,
      "total_employees": 6,
      "filing_date": "2022-03-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 655524000.0,
      "total_employees": 6,
      "filing_date": "2023-03-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 652894000.0,
      "total_employees": 6,
      "filing_date": "2024-03-26"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 620956000.0,
      "total_employees": 5,
      "filing_date": "2025-03-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 713423000.0,
      "total_employees": 5,
      "filing_date": "2026-03-11"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $620,956,000 to $713,423,000 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/drake-capital-advisors-llc-old-greenwich-ct-136716.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 4,
      "fewer_than_5": false,
      "raum": 286364000.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 158575000.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 268484000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/136716",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}