DRS Wealth Management

RIAState Registered

Total AUM

$88.5M

Discretionary

$84.1M

95% of AUM

Avg account

$172K

Accounts

515

Employees

Advisory reps

Firm details

Headquarters: Easton, Maryland
CRD number: 306281
Website: drswealthmanagement.com
Custodians: CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM
Client types: HNWI67.72%
Individuals16.15%
Pension & Profit Sharing Plans10.1%
Corporations / Businesses2.85%
Charitable Organizations1.73%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

DRS Wealth Management is an independent registered investment adviser organized as an LLC and owned by an individualprincipal. The firm positions itself as a fee-based wealth manager and capital allocator serving both high-net-worth individuals/families and institutional clients. Its advisory services include comprehensive financial planning, portfolio management for individuals and small businesses as well as for business or institutional clients, pension consulting, and selection of other advisers. The firm charges fees based on a percentage of assets under management and notes an affiliation with an insurance company. DRS is state-registered in Delaware, Florida, Idaho, Louisiana, Maryland, North Carolina and Virginia.