Diker Management LLC (New York)

Name: Diker Management LLC
Address: 570 Lexington Avenue, New York, NY, 10022
Telephone: 212-904-0321

Diker Management LLC is a large advisory firm based in New York. It manages $529.23 million of regulatory assets for 27 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of New York.

Diker Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Diker Management: assets under management

The assets under management (AUM) of Diker Management LLC is $529.23 million. The firm's AUM has grown by 791% since the beginning of its operation, and $9.67 million of the total AUM is attributable to clients outside of the United States.

The firm manages $251.17 million in discretionary accounts and $278.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $15.7 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25.28 million.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Diker Management LLC for their services and products based on a percentage of assets under management 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 Charles Michael Diker serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Charles Michael Diker is high net worth individuals with 24 clients and $279.66 million of assets under management. Among the 10 most similar advisory firms, Diker Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $466.21 million for 28 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 7% of the firm’s clients are foreign persons or businesses.

Diker Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Diker Management LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No 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 Michael Diker has been acting as President since 1 Feb 2002. Noah Maurice Kazam joined the executive team most recently as the Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Michael Diker	Managing member/chairman	1 Feb 2002	25% - 50%	1207308
Charles M Diker	Managing member	1 Feb 2002	75% - 100%	1207308
Mark Norman Diker	Managing member / chief compliance officer/chief executive officer	1 Jan 2003	25% - 50%	4693880
Mark N Diker	Managing member	1 Jan 2003	25% - 50%	4693880
Matthew Heath Gilman	Chief financial officer	1 Dec 2004	Other	2980578
Kenneth George Brower	Cfo	1 Oct 2008	Other	5612785
Edmund A (Mi) Hajim	Managing member/president	1 Nov 2009	Other	807464
Edmund A Hajim	Managing member/president	1 Nov 2009	Other	807464
Noah Maurice Kazam	Portfolio manager	1 Jan 2016	25% - 50%	7152461

Based in New York

The principal office where Diker Management LLC performs its advisory services is located at 570 Lexington Avenue, New York, NY 10022, 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 212-904-0321 or by fax 212-308-6891. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at dikerllc.com.