Driftwood Advisors LLC (Coral Gables)


Driftwood Advisors LLC is a large advisory firm based in Coral Gables. It manages $580 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Florida.

Driftwood Advisors provides portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Driftwood Advisors: assets under management

The assets under management (AUM) of Driftwood Advisors LLC is $580 million. $6 million of the total AUM is attributable to clients outside of the United States.

Driftwood Advisors has custody of $580 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Driftwood Advisors LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Driftwood Advisors serves?

The only and largest group of clients of Driftwood Advisors is corporations or other businesses with 1 clients and $580 million of assets under management. Among the 10 most similar advisory firms, Driftwood Advisors has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $580 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Driftwood Advisors doesn't advise any private funds.

Careers at Driftwood Advisors LLC

The company employs 6 people that are either part- or full-time employees. 17 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Drifwood Financial Lp Sole member 1 May 2017 75% - 100% 82-1603003

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Shared Ark Llc Member 1 May 2017 75% - 100% 82-1591245
Carlos Jose Rodriguez Manager 1 May 2017 75% - 100% 6921163

Based in Coral Gables

The principal office where Driftwood Advisors LLC performs its advisory services is located at 255 Alhambra Circle,, Coral Gables, FL 33134, 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 305 500-9998. The normal business hours are 9:00am to 5:00pm on Monday - Friday.