Yon Drake & Associates Inc (Columbia)

Name: Yon Drake & Associates Inc
Address: 914 Richland St, Columbia, SC, 29201
Telephone: 803-256-1212, X28

Yon Drake & Associates Inc is a large advisory firm based in Columbia. It manages $1.31 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of South Carolina.

Yon Drake & Associates provides pension consulting services, selection of other advisers, and investment policies, manager searches, performance measurement. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Yon Drake & Associates: assets under management

The assets under management (AUM) of Yon Drake & Associates Inc is $1.31 billion. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 34% of the firm’s portfolio. Investments in government bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Yon Drake & Associates Inc for their services and products based on a percentage of assets under management. 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 Michael Charles Drake serves?

The firm provides services to charitable organizations and pension and profit sharing plans. The largest group of clients of Michael Charles Drake is charitable organizations with 12 clients and $1.1 billion of assets under management. Among the 7 most similar advisory firms, Yon Drake & Associates has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $1.29 billion for 17 clients. None of the firm’s clients are foreign persons or businesses.

Yon Drake & Associates doesn't advise any private funds.

Careers at Yon Drake & Associates Inc

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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.

Michael Charles Drake has been acting as President since 1 Jan 1984. David Arthur Yon joined the executive team most recently as the Chairman And Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Charles Drake	President/secretary/chief compliance officer	1 Jan 1984	50% - 75%	1201321
David Arthur Yon	Chairman and treasurer	1 Jan 1984	50% - 75%	1084982

Based in Columbia

The principal office where Yon Drake & Associates Inc performs its advisory services is located at 914 Richland St, Columbia, SC 29201 The mailing address of the firm is P.O. Box 2139, Columbia, SC 29202 2139. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 803-256-1212, X28 or by fax 803-256-1202. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at yondrake.com.