Diamond Wealth Strategies is the most comprehensive, holistic full service boutique advisory firm catering exclusively to the many unique needs of 100 Single Family Offices ranging in size from $250 million to $20 billion.
Diamond has a direct investment division that serves as an outsourced alternative assets platform (private equity, venture capital, real estate) for Family Offices that do not have a dedicated alternative assets team. This enables Family Offices to make direct investments in alternative assets without the high cost and inflexibility of traditional fund investing. Diamond has a Wealth Transfer division which reviews estate and gift tax planning objectives in consideration of the Family’s goals and objectives. In doing so, Diamond identifies strategies that may minimize transfer taxes such as gift, estate, and generation skipping taxes while meeting the Family’s planning objectives. The planning is typically in response to specific planning needs which may include transactional planning and structuring, sophisticated inter-generational wealth transfer considerations, wealth preservation, asset protection and distribution strategies and family gifting strategies. Diamond has an investment banking division which provides financial advisory services to middle market companies throughout the world, including institutional private placements of debt and equity, merger and acquisitions advisory, financial restructuring & corporate turnarounds, valuations and strategic consulting services all geared around the unique goals and objectives of Family Offices. Lastly, Diamond has a Philanthropy division The philanthropy division focuses on governance design that reflect founder and family intent, methods for identifying and engaging trustees, coaching and leadership training, next gen training and connection to family values, tools and learning agendas for strategic giving, legacy, capital, and global giving, giving during times of natural disasters and active conflict, and portfolio evaluation and results driven learning and planning.
Mr. Diamond graduated Magna Cum Laude from Northwestern University with a degree in Economics.Following graduation, Mr. Diamond worked at Drexel Burnham Lambert working in high yield, investment banking, and money management.Following Drexel Burnham, Diamond became a Managing Director at Bear Stearns managing over $ 1 billion for high net worth individuals. After Bear Stearns, Diamond launched a $250 million hedge fund utilizing his proprietary trading strategy. He successfully ran the hedge fund for 10 years, beating the S & P index each year, and ultimately sold it to an institutional investment firm.
Mr. Diamond is a frequent speaker at Family Office/ alternative investment conferences, has published numerous articles about various aspects of Family Offices and alternative investments, and is in the process of completing a book on Family Offices.
He also sits on several Boards in both the private sector as well as the not for profit sector.