Drake Reid
Advisor at Carrera Capital Advisors
Data sourced from SEC public records (and other sources when available). Some details may be added by the advisor after claiming their profile. Refreshed daily • Updated today.
Advisor at Carrera Capital Advisors
Data sourced from SEC public records (and other sources when available). Some details may be added by the advisor after claiming their profile. Refreshed daily • Updated today.
Location
Troy, MI 48084-5611
Credentials
Series 65
Industry experience
1 year
Drake Reid is a financial advisor at Carrera Capital Advisors with a Series 65 credential and one year of industry experience. Prior to joining Carrera Capital Advisors in 2025, he worked at THG Financial Services and Hantz Group. Outside of his advisory role, he works as a financial services professional implementing insurance solutions and providing benefit consultations. Carrera Capital Advisors, formed in 2024 by three former private-client professionals, offers financial planning, portfolio management, and consulting services to individuals, retirement plans, foundations, and institutions. The firm uses a combination of macroeconomic, fundamental, and behavioral analysis along with quantitative tools and AI techniques to construct diversified, tax-aware portfolios tailored to client objectives.
Based on Carrera Capital Advisors
Based on Carrera Capital Advisors
Financial planning fees on a flat-fee basis typically ranging from $1,000 to $25,000 per engagement; termination fee equal to one-half the agreed upon planning fee if terminated early.
$0 - $500,000: 1.40% annually $500,001 - $1,000,000: 0.90% annually $1,000,001 - $3,000,000: 0.80% annually $3,000,001 - $5,000,000: 0.70% annually $5,000,001 - $10,000,000: 0.50% annually $10,000,001 - $20,000,000: 0.40% annually $20,000,001 - $50,000,000: 0.20% annually $50,000,001+: Negotiable
Certain representatives receive commissions for sales of fixed insurance products only.
Fee-only: Financial planning fees generally range from $1,000 to $25,000 per engagement, flat fee basis, negotiable. Fixed fee or 0.1%-0.6% AUM for retirement plan clients.
901 Wilshire Drive, Suite 565
Troy, MI 48084-5611
Michigan
Carrera Capital Adviosrs
2025 - Present (1 year)
THG Financial Services
2024 - Present (2 years)
Hantz Group
2023 - 2023 (1 year)
Hantz Group
2022 - 2022 (1 year)
Doordash
2020 - 2024 (4 years)
Wayne State University
2019 - 2024 (5 years)
Unemployed
2019 - 2019 (1 year)
Palace Sports and Entertainment
2016 - 2016 (1 year)
Rochester High School
2015 - 2019 (4 years)
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Lawyer
They provide legal services, typically billed separately.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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