Diamond Castle Holdings, LLC (New York)

Name: Diamond Castle Holdings, LLC
Address: 366 Madison Avenue, New York, NY, 10017
Telephone: 212-300-1900

Diamond Castle Holdings, LLC is a large advisory firm based in New York. It manages $733.09 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of New York and Texas.

Diamond Castle Holdings provides portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Diamond Castle Holdings: assets under management

The assets under management (AUM) of Diamond Castle Holdings, LLC is $733.09 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $733.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $183.27 million each.

Diamond Castle Holdings has custody of $632.73 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Diamond Castle Holdings, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Diamond Castle Holdings serves?

The only and largest group of clients of Diamond Castle Holdings is pooled investment vehicles with 4 clients and $733.09 million of assets under management. Among the 8 most similar advisory firms, Diamond Castle Holdings has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $733.09 million for 4 clients. None of the firm’s clients are foreign persons or businesses.

Diamond Castle Holdings also advises several private funds. Namely, four private equity funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.

Careers at Diamond Castle Holdings, LLC

The company employs 12 people that are either part- or full-time employees. 83 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael William Ranger	Managing member	1 Aug 2004	25% - 50%	1350894
Linda Ann Grogan	Cfo/cco	1 Jun 2005	Other	1617422
Andrew Henry Rush	Managing member	1 Sep 2007	25% - 50%	2555553
Ari Jacob Benacerraf	Managing member	1 Sep 2007	25% - 50%	1538480
David Martin Wittels	Managing member	1 Sep 2007	25% - 50%	1569645
William J. Denehy	Cfo, cco	1 Jul 2013	Other	4537212

Based in New York

The principal office where Diamond Castle Holdings, LLC performs its advisory services is located at 366 Madison Avenue, New York, NY 10017, 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 212-300-1900 or by fax 212-602-0179. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at dchold.com.