Black Diamond Financial, Llc
- Regulatory AUM
- $441M
- Discretionary
- $369M
- Clients
- 92
- Avg AUM / client
- $4.8M
- Accounts
- 247
- Employees
- 2
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 55 | $49.3M | 11.2% |
| High net worth individuals | 26 | $241M | 54.8% |
| Pension and profit sharing plans | 8 | $71.3M | 16.2% |
| Charitable organizations | 3 | $78.6M | 17.8% |
People (2)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Jaime Lynn Desmond | Co Managing Member | Apr 2021 (5y) | ≈ 37.5% – 75% via Black Diamond Financial Holding, Llc | |
| Philip Salvatore Blancato | Co Managing Member | Apr 2021 (5y) | ≈ 37.5% – 75% via Black Diamond Financial Holding, Llc |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Black Diamond Financial Holding, Llc | Owner | Apr 2021 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Jaime Lynn Desmond: 50% – 75% of Black Diamond Financial Holding, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- Philip Salvatore Blancato: 50% – 75% of Black Diamond Financial Holding, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.03 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Charles Schwab & Co. $276M (63% of AUM) Mar 2026
- National Financial Services (Fidelity) $44.0M (10% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗