Drake, who took over the practice from his father, has been providing holistic wealth management solutions for clients for over 30 years. Drake Financial Services oversees more than $100 million in assets under management and is anchored by its comprehensive process, the “Financial Advocate Approach,” which helps to clarify confusing financial decisions and deliver wealth-building strategies for clients.
Private Advisor Group’s Alignment and Equity Program, succession solutions, community of advisors, technology and service offerings were all factors in Drake Financial Services’ key decision-making criteria. Through its relationship with Private Advisor Group, the firm has strengthened its position for scalable growth and enhanced business operations and client service.
“As the wealth management industry continues to evolve, we provide independent advisers with the best-in-class solutions and technology they need to stay one step ahead,” Verne Marble, director of business development at Private Advisor Group, said. “We welcome Bob and his team at Drake Financial Services to the Private Advisor Group family and look forward to growing with them to meet their evolving client and business needs.”
Drake Financial Services engages clients in a formal financial planning process that emphasizes several areas of specialization for its team, including portfolio allocation, retirement income projections, education funding, tax/liability management, estate planning and risk management.
“We decided to join Private Advisor Group because we recognized that they are committed to the success of their advisers,” Drake said. “We were looking for a forward-looking firm that could provide us with the right mix of strategic guidance, scale, accessibility and leading technology — and was guided by the mindset of taking care of their clients. Additionally, we are now plugged into a deeply committed community of advisers, and we are eager to engage with our peers and colleagues through the various pathways that Private Advisor Group offers.”