Diesslin Group, Inc. (Fort Worth)

Diesslin Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and "financial planning" is broad, but some services (for example, expert witness or real estate advisory service) may fall outside.. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Diesslin Group: assets under management

The assets under management (AUM) of Diesslin Group, Inc. is $799.76 million. The firm's AUM has grown by 5% since the beginning of its operation, and $4.48 million of the total AUM is attributable to clients outside of the United States.

The firm manages $548.9 million in discretionary accounts and $250.86 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $456.28 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $462.84 thousand.

Diesslin Group has custody of $194.52 million in cash and securities for 187 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Diesslin Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. 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 Diesslin Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Diesslin Group is high net worth individuals with 162 clients and $721.58 million of assets under management. Among the 3 most similar advisory firms, Diesslin Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $799.76 million for 304 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.

Diesslin Group also advises several private funds. Namely, one hedge fund, four real estate funds, one other private fund, and two private equity funds. The minimum investment commitment required of non-related persons ranges from $12,500 to $100,000.

Careers at Diesslin Group, Inc.

The company employs 17 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. 7 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.

Charles Agnew Denison has served as the Chief Investment Officer since 1 Oct 2014. David Howard Diesslin joined the executive team most recently as the Chairman Of The Board And Director.

Direct owners and executive officers

Based in Fort Worth

The principal office where Diesslin Group, Inc. performs its advisory services is located at 425 Houston Street, Fort Worth, TX 76102 7411, which is also the mailing address of the firm. An additional office of the firm is in Glen Ellen, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-332-6122 or by fax 817-335-4839. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at diesslin.com.

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