Diastole Wealth Management, Inc. (Guilford)

Diastole Wealth Management, Inc. is a large advisory firm based in Guilford. It manages $603.83 million of regulatory assets for 1,098 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Connecticut, Florida, and 10 other states.

Diastole Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Diastole Wealth Management: assets under management

The assets under management (AUM) of Diastole Wealth Management, Inc. is $603.83 million. The firm's AUM has grown by 328% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $217.77 million in discretionary accounts and $386.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $275.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.26 million.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Diastole Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Elizabeth Diana Eden serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Elizabeth Diana Eden is high net worth individuals with 57 clients and $244.16 million of assets under management. Among the 12 most similar advisory firms, Diastole Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $328.2 million for 275 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.

Diastole Wealth Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Diastole Wealth Management, Inc.

The company employs 11 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 8 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.

Diastole Wealth Management, Inc. is owned by Ethan Anthony Eden. Elizabeth Diana Eden has been acting as President since 1 Nov 1996. Meredith Papa Eden joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Based in Guilford

The principal office where Diastole Wealth Management, Inc. performs its advisory services is located at 58 Boston Street, Guilford, CT 06437, which is also the mailing address of the firm. An additional office of the firm is in Cincinnati, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-458-5220 or by fax 203-453-5855. The normal business hours are mon.-thur. 9 a.m.-5:00 p.m., fri. 9 a.m.-4 p.m. on Monday - Friday. You can find more information about the New York firm at dwinvest.com.

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