# Black Diamond Financial, LLC

> 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.

- CRD: 145108
- Filed as: BLACK DIAMOND FINANCIAL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lutherville, MD
- Filing period: October 2026
- Form ADV filing dated: March 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145108
- AdvisorCensus page: https://advisorcensus.com/firm/black-diamond-financial-llc-lutherville-md-145108

## Quick answers

**How is Black Diamond Financial, LLC compensated?**
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).

**How much does Black Diamond Financial, LLC charge?**
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.

**Where is Black Diamond Financial, LLC located?**
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).

**Is Black Diamond Financial, LLC registered with the SEC or a state?**
Black Diamond Financial, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 145108.

**How much does Black Diamond Financial, LLC manage?**
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).

**How have Black Diamond Financial, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Black Diamond Financial, LLC serve?**
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).

**Which custodians does Black Diamond Financial, LLC use?**
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.

**Does Black Diamond Financial, LLC report any disciplinary disclosures?**
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

**Does Black Diamond Financial, LLC state an account minimum?**
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."

**What changed in Black Diamond Financial, LLC's recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 23, 2026)

- Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)

> 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 rate: $300 an hour (those Clients requiring assistance with their financial planning needs)

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $1,370,212,598
- Discretionary: $1,226,336,290
- Non-discretionary: $143,876,308

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 117 | $90,624,892 |
| High net worth individuals | 218 | $1,037,420,242 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $50,205,000 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 6 | $91,811,974 |
| Charitable organizations | 7 | $83,694,800 |
| Corporations or other businesses not listed above | 10 | $16,455,690 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2015 (11 years)
- Employees: 17 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, LA, MD, OR, TX, UT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Bend, OR

### Websites listed on Form ADV (Item 1.I)
- [blackdf.com](https://blackdf.com)
- [blackdfinancial.com](https://blackdfinancial.com)
- LinkedIn @BLACK-DIAMOND-FINANCIAL-LLC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $488,563,788 | 6 | August 3, 2021 |
| October 2022 | $551,479,555 | 9 | August 1, 2022 |
| October 2023 | $545,885,247 | 9 | March 21, 2023 |
| October 2024 | $701,427,211 | 13 | March 25, 2024 |
| October 2025 | $1,043,675,393 | 14 | March 27, 2025 |
| October 2026 | $1,370,212,598 | 17 | March 23, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Black Diamond Financial, LLC (CRD 145108): Form ADV filing data as of October 2026.