Drive Shack Inc. (New York)

Name: Drive Shack Inc.
Address: 218 West 18 Th Street, New York, NY, 10011
Telephone: 646-585-5590

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.

Drive Shack: assets under management

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 firm manages $274.39 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.29 million each.

Fees & Commissions

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.

What kind of clients Kevin James Finnerty serves?

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.

Careers at Drive Shack Inc.

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wesley Robert Edens	Chairman of the board of directors	1 Jun 2002	Other	1320094
Stuart A Mcfarland	Director	1 Oct 2002	Other	5875479
David K Mckown	Director	1 Nov 2002	Other	5875478
Michael Joshua Cohn	Chief compliance officer	1 Mar 2005	Other	4938950
Kevin James Finnerty	Director	1 Aug 2005	Other	842325
Kenneth M Riis	Director	1 Feb 2007	Other	1859456
Alan Levering Tyson	Director	1 Nov 2011	Other	1175662
Clifford Press	Director	1 Feb 2016	Other	5047156
Sarah Louise Watterson	Chief executive officer and president	1 Sep 2016	Other	5543018
Sara Ann Yakin	Chief operating officer	1 Sep 2016	Other	5366710
Lawrence Arthur Goodfield	Chief financial officer, chief accounting officer, and treasurer	1 Sep 2016	Other	6762592
Nicholas Merriam Foley	General counsel/ chief compliance officer	1 Mar 2018	Other	6930611
William J Clifford	Director	1 Jun 2018	Other	7082645
Sarah Louise Watterson	Director	1 Nov 2018	Other	5543018
Lawrence Arthur Goodfield	Chief accounting officer, and treasurer	1 Nov 2018	Other	6762592
Kenneth A May	Ceo & president	1 Nov 2018	Other	7082644
David Michael Hammarley	Chief financial officer	1 Nov 2018	Other	2354250

Based in New York

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.