Drum Capital Management LLC

CRD#137964
Investment Advisor Firm

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Overview

Drum Capital Management LLC operates as a financial advisor firm based in Stamford, Connecticut. Drum Capital Management LLC has $725.4 million in assets across seven client accounts, placing it among the bigger investment advisory firms in the nation by assets under management (AUM). The firm has a small team, including 5 financial advisors. Drum Capital Management LLC does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are tradable fiscal assets like options, equities and bonds.

Drum Capital Management LLC administers all of its accounts in a discretionary manner. Discretionary management means that an investment advisor has the discretion to make buy and sell judgments without needing to seek client authorization. The firm manages an average of $103.6 million in assets for each account. The typical financial advisor at Drum Capital Management LLC manages around one client account, making it one of the most individualized advisor firms in the country.

The firm's headquarters is at Four Stamford Plaza, Stamford, Connecticut 06902-3834. The firm is permitted to provide services to clients in the state of Connecticut.

Assets Under Management

$725.4 million

Number of Advisors

5

Disclosures

No

Office Location

Four Stamford Plaza
Stamford, CT 06902-3834

Drum Capital Management LLC by the Numbers

Total Assets Under Management

$725.4 million

National Average: $8.6 billion
Total Number of Employees

9

National Average: 64
Total Number of Accounts

7

National Average: 375,227
Average Account Size

$103.6 million

National Average: $23.0 thousand
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Fee Structure

Fees charged by financial advisors largely are based on which services the firm provides the client. However, fees billed by Drum Capital Management LLC likely are comprised of some combination of the following fee structures: asset-based, performance-based or other. The firm does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

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Types of Clients

Drum Capital Management LLC provides services to pooled investment vehicles. Out of its seven customers, Drum Capital Management LLC's largest client type is pooled investment vehicles. None of the firm's accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Drum Capital Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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