Great Diamond Partners LLC is a large advisory firm based in Portland. It manages $419.87 million of regulatory assets for 822 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Colorado, Florida, Maine, Massachusetts, and New Hampshire.
Great Diamond Partners provides financial planning services, portfolio management for individuals and small businesses, and business transition planning. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Great Diamond Partners LLC is $419.87 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Great Diamond Partners LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Great Diamond Partners is high net worth individuals with 121 clients and $369.94 million of assets under management. Among the 11 most similar advisory firms, Great Diamond Partners has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $419.87 million for 252 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.
Great Diamond Partners doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 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.
John M Piper joined the executive team most recently as the Founding Partner/Portfolio Manager/Chief Compliance Officer.
The principal office where Great Diamond Partners LLC performs its advisory services is located at 22 Monument Square, Portland, ME 04101, 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 207-274-2500. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at greatdiamondpartners.com and its LinkedIn profile.