Diorite Capital Management, LLC (Jackson Heights)

Name: Diorite Capital Management, LLC
Address: 35 40 75 Th Street 6 A, Jackson Heights, NY, 11372
Telephone: 703-201-7394

Diorite Capital Management, LLC is a mid-sized advisory firm based in Jackson Heights. It manages $70 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Diorite Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and proprietary trading firm. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Diorite Capital Management: assets under management

The assets under management (AUM) of Diorite Capital Management, LLC is $70 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 85% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $70 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $23.33 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

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

The only and largest group of clients of Diorite Capital Management is pooled investment vehicles with 2 clients and $30 million of assets under management. Among the 4 most similar advisory firms, Diorite Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $30 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Diorite Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Diorite Capital Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Bryan Keith Godfrey Lanoue	Managing member & cco	1 Jan 2013	75% - 100%	5080397

Based in Jackson Heights

The principal office where Diorite Capital Management, LLC performs its advisory services is located at 35 40 75 Th Street 6 A, Jackson Heights, NY 11372, which is also the mailing address of the firm. An additional office of the firm is in Astoria, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 703-201-7394. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at dioritecapital.com and its LinkedIn profile.