Drive Shack Inc. is a large advisory firm based in New York. It manages $274.39 million of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2017.
Drive Shack provides portfolio management for pooled investment vehicles and collateral management for collateralized debt obligations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Drive Shack Inc. is $274.39 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 278% since the beginning of its operation, and $274.39 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Drive Shack 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.
The only and largest group of clients of Kevin James Finnerty is pooled investment vehicles with 15 clients and $274.39 million of assets under management. Among the 9 most similar advisory firms, Drive Shack has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $274.39 million for 15 clients. 100% of the firm’s clients are foreign persons or businesses.
Drive Shack also advises several private funds. Namely, fifteen securitized asset funds.
The company employs 27 people that are either part- or full-time employees. 7 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.
Kevin James Finnerty has been acting as President since 1 Aug 2005. Sarah Louise Watterson joined the executive team most recently as the Director.
The principal office where Drive Shack Inc. performs its advisory services is located at 218 West 18 Th Street, New York, NY 10011, 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 646-585-5590. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at driveshack.com.