Drake Operating Management LLC (New York)

Name: Drake Operating Management LLC
Address: 660 Madison Avenue, 16 Th Floor, New York, NY, 10021
Telephone: 212-935-2000

Drake Operating Management LLC is a large advisory firm based in New York. It manages $300 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of New York.

Drake Operating Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Drake Operating Management: assets under management

The assets under management (AUM) of Drake Operating Management LLC is $300 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $300 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $60 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Drake Operating Management LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Drake Operating Management LLC

Anthony Louis Faillace has served as the Chief Investment Officer since 1 May 2001. Stacey Lauren Feller joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hind Corporation	Member	1 May 2001	Other	to be supplied
Anthony Louis Faillace	Chief investment officer	1 May 2001	25% - 50%	2547517
Steven James Luttrell	Chief operating officer	1 May 2001	25% - 50%	2179528
Bernard N/A Bresnahan	Principal, investment operations group	1 May 2001	Other	4541820
Stacey Lauren Feller	Chief financial officer	1 Oct 2001	Other	4541782

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Kaupthing Management Company	Shareholder	1 May 2001	75% - 100%	foreign entity

Based in New York

The principal office where Drake Operating Management LLC performs its advisory services is located at 660 Madison Avenue, 16 Th Floor, New York, NY 10021, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-935-2000 or by fax 212-935-5543. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.drakemanagement.com.