{
  "crd_number": 145108,
  "slug": "black-diamond-financial-llc-lutherville-md-145108",
  "primary_business_name": "BLACK DIAMOND FINANCIAL, LLC",
  "legal_name": "BLACK DIAMOND FINANCIAL, LLC",
  "dbas": [],
  "city": "Lutherville",
  "state": "MD",
  "country": "United States",
  "cbsa_code": "12580",
  "metro": {
    "cbsa_code": "12580",
    "common_name": "Baltimore",
    "msa_name": "Baltimore-Columbia-Towson, MD",
    "path": "/advisors/md/baltimore"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-04-22",
  "years_registered": 11,
  "period": "2026-10-01",
  "filing_date": "2026-03-23",
  "carried_forward": false,
  "raum_total": 1370212598.0,
  "raum_discretionary": 1226336290.0,
  "raum_non_discretionary": 143876308.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 17,
  "advisory_employees": 13,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 83694800.0,
      "count": 7
    },
    "individuals": {
      "raum": 90624892.0,
      "count": 117
    },
    "pension_profit_sharing": {
      "raum": 91811974.0,
      "count": 6
    },
    "high_net_worth_individuals": {
      "raum": 1037420242.0,
      "count": 218
    },
    "pooled_investment_vehicles": {
      "raum": 50205000.0,
      "count": 3
    },
    "corporations_other_businesses": {
      "raum": 16455690.0,
      "count": 10
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "FL",
    "LA",
    "MD",
    "OR",
    "TX",
    "UT"
  ],
  "websites": [
    "https://blackdf.com",
    "https://blackdfinancial.com",
    "https://linkedin.com/COMPANY/BLACK-DIAMOND-FINANCIAL-LLC"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145108",
  "city_as_filed": "LUTHERVILLE",
  "url": "https://advisorcensus.com/firm/black-diamond-financial-llc-lutherville-md-145108",
  "display_name": "Black Diamond Financial, LLC",
  "summary": "Black Diamond Financial, LLC is an SEC-registered investment advisory firm in Lutherville, MD, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 23, 2026.",
  "citation": "AdvisorCensus. Black Diamond Financial, LLC (CRD 145108): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is Black Diamond Financial, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Black Diamond Financial, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Black Diamond Financial, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 23, 2026 states: Hourly rate: $300 an hour (those Clients requiring assistance with their financial planning needs). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Black Diamond Financial, LLC located?",
      "a": "Black Diamond Financial, LLC's principal office is in Lutherville, MD, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Black Diamond Financial, LLC registered with the SEC or a state?",
      "a": "Black Diamond Financial, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 145108."
    },
    {
      "q": "How much does Black Diamond Financial, LLC manage?",
      "a": "Black Diamond Financial, LLC reports $1,370,212,598 in regulatory assets under management in its Form ADV filing dated March 23, 2026 (89% discretionary)."
    },
    {
      "q": "How have Black Diamond Financial, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Black Diamond Financial, LLC: Regulatory assets under management: $488,563,788 in the October 2021 data and $1,370,212,598 in the October 2026 data, up 180%. Total employees: 6 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Black Diamond Financial, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (218); individuals (other than high net worth individuals) (117); corporations or other businesses not listed above (10)."
    },
    {
      "q": "Which custodians does Black Diamond Financial, LLC use?",
      "a": "Black Diamond Financial, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Black Diamond Financial, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/145108"
    },
    {
      "q": "Does Black Diamond Financial, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 23, 2026 says: \"Black Diamond Financial requires a $ 1,000,000 account minimum. However, we retain the right to waive that minimum based on various factors like length of Client relationship.\""
    },
    {
      "q": "What changed in Black Diamond Financial, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 11 to 13. Regulatory assets under management went from $1,043,675,393 to $1,370,212,598 (+31%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 488563788.0,
      "total_employees": 6,
      "filing_date": "2021-08-03"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 551479555.0,
      "total_employees": 9,
      "filing_date": "2022-08-01"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 545885247.0,
      "total_employees": 9,
      "filing_date": "2023-03-21"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 701427211.0,
      "total_employees": 13,
      "filing_date": "2024-03-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1043675393.0,
      "total_employees": 14,
      "filing_date": "2025-03-27"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1370212598.0,
      "total_employees": 17,
      "filing_date": "2026-03-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 11 to 13.",
        "Regulatory assets under management went from $1,043,675,393 to $1,370,212,598 (+31%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 23, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $300 an hour (those Clients requiring assistance with their financial planning needs)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Black Diamond Financial requires a $ 1,000,000 account minimum. However, we retain the right to waive that minimum based on various factors like length of Client relationship."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $300 an hour (those Clients requiring assistance with their financial planning needs)"
        ],
        "quotes": [
          "Hourly fees will be assessed at a rate of $ 300 per hour, this fee will typically be charged for those Clients requiring assistance with their financial planning needs."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 300.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "those Clients requiring assistance with their financial planning needs"
        }
      ]
    },
    "quotes": [
      "Black Diamond Financial requires a $ 1,000,000 account minimum. However, we retain the right to waive that minimum based on various factors like length of Client relationship.",
      "Hourly fees will be assessed at a rate of $ 300 per hour, this fee will typically be charged for those Clients requiring assistance with their financial planning needs."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/black-diamond-financial-llc-lutherville-md-145108.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 117,
      "fewer_than_5": false,
      "raum": 90624892.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 218,
      "fewer_than_5": false,
      "raum": 1037420242.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 3,
      "fewer_than_5": false,
      "raum": 50205000.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 6,
      "fewer_than_5": false,
      "raum": 91811974.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 7,
      "fewer_than_5": false,
      "raum": 83694800.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 10,
      "fewer_than_5": false,
      "raum": 16455690.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145108",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}