Dra Advisors LLC (New York)

Name: Dra Advisors LLC
Address: 220 East 42 Nd St 27 Th Floor, New York, NY, 10017
Telephone: 212-697-4740

Dra Advisors LLC is a large advisory firm based in New York. It manages $11.56 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Florida, and New York.

Dra Advisors 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.

Dra Advisors: assets under management

The assets under management (AUM) of Dra Advisors LLC is $11.56 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 256% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $11.56 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $963.16 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dra Advisors 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 David Luski serves?

The only and largest group of clients of David Luski is pooled investment vehicles with 12 clients and $11.56 billion of assets under management. Among the 11 most similar advisory firms, Dra Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $11.56 billion for 12 clients. None of the firm’s clients are foreign persons or businesses.

Dra Advisors also advises several private funds. Namely, twelve hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.

Careers at Dra Advisors LLC

The company employs 83 people that are either part- or full-time employees. 89 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.

David Luski has been acting as President since 1 Jun 1994. David Patrick Gray joined the executive team most recently as the Compliance Officer Manageco Viii I Llc.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Luski	President	1 Jun 1994	Other	4353996
Francis Xavier Tansey	President	1 Jun 1994	Other	4353992
Jr. Paul Mcevoy	Senior vice president	1 Mar 1995	Other	4354011
Brian Thomas Summers	Chief financial officer	1 Mar 1995	Other	4354022
Andrew Eric Peltz	Managing director	1 Mar 1995	Other	4354036
David Luski	President - manageco iv lp	1 Dec 2002	25% - 50%	4353996
Inc. Dra Advisors	Managing member	1 Jan 2003	Other	13-3774195
Dra Holdings Llc	Member	1 Jan 2003	75% - 100%	33-1032320
Jean Marie Apruzzese	Vice president	1 Jan 2003	Other	4354197
Janine Roberts	Director of dispositions	1 Jan 2004	Other	4935446
David Patrick Gray	Director of portfolio management	1 Jan 2004	Other	4935459
Jean Marie Apruzzese	Chief operating officer	1 Jun 2004	Other	4354197
David Luski	President - manageco v llc	1 Apr 2005	25% - 50%	4353996
David Luski	President - manageco cars-g llc	1 Dec 2005	25% - 50%	4353996
David Luski	President - manageco vi llc	1 Mar 2007	25% - 50%	4353996
David Luski	President - manageco vii llc	1 May 2011	25% - 50%	4353996
David Luski	President - manageco viii llc	1 Oct 2013	25% - 50%	4353996
David Patrick Gray	Chief compliance officer	1 Mar 2015	Other	4935459
David Luski	President - manageco viii-i llc	1 Nov 2015	25% - 50%	4353996
David Patrick Gray	Compliance officer - manageco viii-i llc	1 Nov 2015	Other	4935459

Based in New York

The principal office where Dra Advisors LLC performs its advisory services is located at 220 East 42 Nd St 27 Th Floor, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-697-4740 or by fax 212-697-7403. The normal business hours are from 9am to 5pm on Monday - Friday. You can find more information about the New York firm at draadvisors.com/.