# Draper Asset Management, LLC

> Draper Asset Management, LLC is an SEC-registered investment advisory firm in Smithtown, NY, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 15, 2026.

- CRD: 148136
- Filed as: DRAPER ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Smithtown, NY
- Filing period: October 2026
- Form ADV filing dated: April 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/148136
- AdvisorCensus page: https://advisorcensus.com/firm/draper-asset-management-llc-smithtown-ny-148136

## Quick answers

**How is Draper Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Draper Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management.

**How much does Draper Asset Management, LLC charge?**
Its Form ADV Part 2A brochure dated April 15, 2026 states: Asset-based fee: 1.25% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Draper Asset Management, LLC located?**
Draper Asset Management, LLC's principal office is in Smithtown, NY, according to its Form ADV.

**Is Draper Asset Management, LLC registered with the SEC or a state?**
Draper Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 148136.

**How much does Draper Asset Management, LLC manage?**
Draper Asset Management, LLC reports $230,959,228 in regulatory assets under management in its Form ADV filing dated April 15, 2026 (100% discretionary).

**How have Draper Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Draper Asset Management, LLC: Regulatory assets under management: $122,201,535 in the October 2021 data and $230,959,228 in the October 2026 data, up 89%. Total employees: 4 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Draper Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (463); high net worth individuals (59); state or municipal government entities (including government pension plans) (5).

**Which custodians does Draper Asset Management, LLC use?**
Draper Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Draper Asset Management, LLC report any disciplinary disclosures?**
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/148136

**Does Draper Asset Management, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated April 15, 2026 says: "Draper Asset Management generally does not impose a minimum relationship size."

**What changed in Draper Asset Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: No longer lists the business name Union Partners Advisors, LLC. Employees performing advisory functions went from 4 to 6. Regulatory assets under management went from $195,555,296 to $230,959,228 (+18%). Registered or notice-filed in NC. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated April 15, 2026)

- Asset-based fee: 1.25% of assets a year

> Investment advisory fees are based on the market value of assets under management at the end of the calendar quarter. Investment advisory fees are 1.25% annually.

- Account minimum: None

> Draper Asset Management generally does not impose a minimum relationship size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $230,959,228
- Discretionary: $230,959,228
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 463 | $75,517,682 |
| High net worth individuals | 59 | $117,855,107 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | Fewer than 5 | $810,601 |
| State or municipal government entities (including government pension plans) | 5 | $36,775,838 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2017 (9 years)
- Employees: 9 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NC, NH, NJ, NY, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- draperasset.com
- Instagram @draper_asset_management
- LinkedIn @draper-asset-management
- X @draperasset

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $122,201,535 | 4 | March 31, 2021 |
| October 2022 | $156,102,384 | 4 | March 22, 2022 |
| October 2023 | $119,854,769 | 3 | March 22, 2023 |
| October 2024 | $137,299,049 | 14 | March 28, 2024 |
| October 2025 | $195,555,296 | 15 | March 26, 2025 |
| October 2026 | $230,959,228 | 9 | April 15, 2026 |

Regulatory assets under management: $122,201,535 in the October 2021 data and $230,959,228 in the October 2026 data, up 89%.
Total employees: 4 in October 2021 and 9 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- No longer lists the business name Union Partners Advisors, LLC.
- Employees performing advisory functions went from 4 to 6.
- Regulatory assets under management went from $195,555,296 to $230,959,228 (+18%).
- Registered or notice-filed in NC.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Draper Asset Management, LLC (CRD 148136): Form ADV filing data as of October 2026.