Great Diamond Partners LLC (Portland)

Name: Great Diamond Partners LLC
Address: 22 Monument Square, Portland, ME, 04101
Telephone: 207-274-2500

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.

Great Diamond Partners: assets under management

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 firm manages $419.87 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $510.79 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 37% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

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. 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 Great Diamond Partners serves?

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.

Careers at Great Diamond Partners LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John M Piper	Founding partner/portfolio manager/chief compliance officer	1 May 2019	Other	5198426
Steven Edward Tenney	Founding partner/chief executive officer	1 May 2019	25% - 50%	2393759
Joseph William Powers	Founding partner/chief planning officer	1 May 2019	25% - 50%	2465108
Helen Elizabeth Andreoli	Founding partner/chief financial officer	1 May 2019	Other	4211137

Based in Portland

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.