Diamant Asset Management, Inc. (Greenwich)

Name: Diamant Asset Management, Inc.
Address: 170 Mason Street, Greenwich, CT, 06830
Telephone: 203-661-6410

Diamant Asset Management, Inc. is a large advisory firm based in Greenwich. It manages $149.77 million of regulatory assets for 63 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and New York.

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

Diamant Asset Management: assets under management

The assets under management (AUM) of Diamant Asset Management, Inc. is $149.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $149.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.38 million each.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Diamant Asset Management, 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 Diamant Asset Management serves?

The only and largest group of clients of Diamant Asset Management is high net worth individuals with 58 clients and $140.63 million of assets under management. Among the 11 most similar advisory firms, Diamant Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $140.63 million for 58 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Diamant Asset Management doesn't advise any private funds.

Careers at Diamant Asset Management, Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Herbert Arthur Diamant	President, chief compliance officer	1 Oct 1986	75% - 100%	603117
Martha Marie Diamant	Vice-president	1 Dec 1998	Other	1073682

Based in Greenwich

The principal office where Diamant Asset Management, Inc. performs its advisory services is located at 170 Mason Street, Greenwich, CT 06830, 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 203-661-6410. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at portfolioadvisor.com.