Wealth manager, independent · Lutherville, MD
Black Diamond Financial, LLC
SEC-registered investment adviser · CRD 145108 · SEC 801-96172
At a glance
Black Diamond Financial, LLC is an SEC-registered investment adviser based in Lutherville, Maryland, with $1.4B in regulatory assets under management as of its Form ADV filed March 23, 2026. It reports 335 individual clients, 218 of them high-net-worth, holding an average of about $3.4 million each, and 17 employees. That ranks it 810th among the nation’s 5,657 independent wealth management RIAs and 21st of 104 in Maryland. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 443-841-7772blackdfinancial.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #810 of 5,657
- Rank among all SEC RIAs
- #4,508 of 17,210
- Rank in Maryland
- #21 of 104
- Individual clients
- 335
- High-net-worth clients
- 218
- Accounts
- 1,261
- Discretionary
- 89% of AUM
- Employees
- 17
- Advisory staff
- 13
- Offices
- 2
Owners and executives on its Form ADV
- Matthew P. GoetteMember/chief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Black Diamond Financial, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 218 | $1.0B | 76% |
| Pension and profit sharing plans | 6 | $92M | 7% |
| Individuals | 117 | $91M | 7% |
| Charitable organizations | 7 | $84M | 6% |
| Pooled investment vehicles | 3 | $50M | 4% |
| Corporations or other businesses | 10 | $16M | 1% |
Private funds
Black Diamond Financial, LLC reports 3 private funds with $6M in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
Black Diamond Financial, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗blackdfinancial.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Rank against 2,705 peers of its type and size
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- 1 namedLocked
- Main office, fax and compliance officer
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Maryland
All of Maryland →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Edgemoor Investment Advisors, Inc.Bethesda | $1.5B | 312 |
| Sargent Investment GroupBethesda | $1.5B | 396 |
| MV Capital Management, Inc.Bethesda | $1.4B | 444 |
| Sc&h WealthHunt Valley | $1.2B | 668 |
| The Kelly GroupBel Air | $1.1B | 1,087 |
| Financial ConsulateHunt Valley | $1.1B | 844 |
Background
Questions
How much does Black Diamond Financial, LLC manage?
Black Diamond Financial, LLC reports $1.4B in regulatory assets under management across 1,261 accounts, 89% of it on a discretionary basis, on its Form ADV filed March 23, 2026.
How many clients does Black Diamond Financial, LLC have?
It reports 335 individual clients: 218 high-net-worth individuals and 117 other individuals. Individuals account for about 82% of its regulatory assets.
Where is Black Diamond Financial, LLC headquartered?
Its main office is in Lutherville, Maryland. It reports 2 offices in total and 17 employees, 13 of whom perform investment advisory functions.
How does Black Diamond Financial, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Black Diamond Financial, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 23, 2026, it reports these amounts held: Charles Schwab ($1.2B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Black Diamond Financial, LLC a hybrid RIA with a broker-dealer?
Black Diamond Financial, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Black Diamond Financial, LLC a fiduciary?
As an SEC-registered investment adviser, Black Diamond Financial, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Black Diamond Financial, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-23), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →