Drum Capital Management LLC (Stamford)

Name: Drum Capital Management LLC
Address: Four Stamford Plaza, Stamford, CT, 06902 3834
Telephone: 203-391-7540

Drum Capital Management LLC is a large advisory firm based in Stamford. It manages $500.87 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Connecticut.

Drum Capital Management provides 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.

Drum Capital Management: assets under management

The assets under management (AUM) of Drum Capital Management LLC is $500.87 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 72% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $500.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $83.48 million each.

Drum Capital Management has custody of $500.87 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Drum Capital 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.

What kind of clients Drum Capital Management serves?

The only and largest group of clients of Drum Capital Management is pooled investment vehicles with 6 clients and $500.87 million of assets under management. Among the 8 most similar advisory firms, Drum Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $500.87 million for 6 clients. None of the firm’s clients are foreign persons or businesses.

Drum Capital Management also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $40,000 to $1,250,000.

Careers at Drum Capital Management LLC

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Joseph Kim Peters joined the executive team most recently as the Chief Financial Officer, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Eckart Vollmer	Chief executive officer/managing member	1 Apr 2005	75% - 100%	4105625
Dawn Judith Duffy	Chief financial officer/ chief compliance officer	1 Jan 2006	Other	4938450
Amber Elizabeth Tencic	Chief financial officer, chief compliance officer	1 May 2008	Other	5529132
Amber E Tencic	Director of finance, chief compliance officer	1 May 2008	Other	5529132
Joseph Kim Peters	Chief financial officer, chief compliance officer	1 Sep 2016	Other	6457567
Joseph Peters	Chief financial officer, chief compliance officer	1 Sep 2016	Other	6457567

Based in Stamford

The principal office where Drum Capital Management LLC performs its advisory services is located at Four Stamford Plaza, Stamford, CT 06902 3834, 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 203-391-7540 or by fax 203-391-7545. The normal business hours are 8:00 a.m. to 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at drumcapital.com.