Derek Drushel
Derek Drushel is a registered investment advisor at Washington Avenue Advisors, based in Lansing, MI, with 3 years of industry experience. Derek operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, High Net Worth, Investment Management, Retirement Planning. Their firm serves 686 clients with $290M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Washington Avenue Advisors' (WAA) investment advisory fees are based on a percentage of the assets they manage for you. The exact percentage depends on the size of your portfolio, and the rate decreases as your portfolio grows. Here are the ranges:
- $0 - $500,000: 1.00% to 1.5%
- $500,001 - $2,000,000: 0.63% to 0.98%
- $2,000,001 - $3,000,000: 0.52% to 0.87%
- $3,000,001 - $4,000,000: 0.41% to 0.76%
- $4,000,001 - $5,000,000: 0.26% to 0.61%
- $5,000,001 and above: 0.11% to 0.36%
WAA may recommend independent portfolio managers and certain fee-based variable annuities for the management of certain client assets. Clients who decide to participate in these third-party advisor separately managed accounts (SMAs) and fee-based variable annuities may incur a fee for these services in addition to the advisory fee paid to WAA.
Location
1146 South Washington Avenue, Lansing, MI, 48910
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Derek owns a residential duplex since late 2017/early 2018, with a property manager handling operations. Derek also sells fixed insurance products, including fixed annuities, fixed life, health insurance, long term care, disability income insurance, and medical, dedicating about 10-20% of his time to this.
Employment History
Current Registrations
Washington Avenue Advisors
Previous Registrations
Principal Securities, INC.
Principal Securities, INC.Broker
Northwestern Mutual Investment Services, LLCBroker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.