Dragus Capital, LLC (Miami)

Dragus Capital, LLC is a large advisory firm based in Miami. It manages $197.76 million of regulatory assets for 111 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Florida.

Dragus Capital provides portfolio management for individuals and small businesses and wealth planning and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dragus Capital: assets under management

The assets under management (AUM) of Dragus Capital, LLC is $197.76 million. The firm's AUM has grown by 380% since the beginning of its operation, and $190.78 million of the total AUM is attributable to clients outside of the United States.

The firm manages $132.97 million in discretionary accounts and $64.8 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.46 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.24 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 63% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 15% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dragus Capital, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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 Dragus Capital serves?

The only and largest group of clients of Dragus Capital is high net worth individuals with 82 clients and $197.76 million of assets under management. Among the 7 most similar advisory firms, Dragus Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $197.76 million for 82 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 96% of the firm’s clients are foreign persons or businesses.

Dragus Capital doesn't advise any private funds.

Careers at Dragus Capital, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Direct owners and executive officers

Based in Miami

The principal office where Dragus Capital, LLC performs its advisory services is located at 777 Brickell Avenue, Miami, FL 33131, 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 786-477-5777 or by fax 305-374-9810. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at draguscapital.com.

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