DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Black Diamond Financial, LLC
Latest filing Mar 30, 2026
First filing on the tape May 28, 2021 · 15 filings
SEC status approved since Jun 25, 2021
RAUM
$441M
reported, Item 5.F
Discretionary
84%
of RAUM
Private clients
66%
$291M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$220M
derived; firm RAUM over IAPD count
Employees
2
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$441M as of Mar 30, 2026
Mar 31, 2022$0 then
HNW client RAUM$241M as of Mar 30, 2026
Feb 28, 2023$162M then
State-registered IARs (5.B.3)2 as of Mar 30, 2026
Mar 31, 20222 then
Employees (5.A)2 as of Mar 30, 2026
Mar 31, 20222 then
Private funds: no history
RAUM +21% over the last fiscal year+22% a year over threeIARs 2 to 2
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $220MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 41derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $9.3MderivedHNW RAUM over HNW clients
- Average account
- $1.8MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 84%derivedof RAUM
- Institutional
- 34%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 2.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +21%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +8.0%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Wrap fee program
- $369MreportedItem 5.I
- Ownership
- controlled by a public reporting companyderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$241M55%
- Charitable organizations$78.6M18%
- Pension and profit-sharing plans$71.3M16%
- Individuals$49.3M11%
- Individual clients
- 55reported
- HNW clients
- 26reported
- Pension plan clients
- 8reported
- Charitable clients
- 3reported
- Accounts
- 247reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $369M sponsored, $0 managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.66 fund_share=0.0 institutional_share=0.34 related_bd=true related_bank=false bd_reps=2.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Philip Salvatore Blancato from Osaic Wealth, Inc.Apr 12, 2023 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Salvatore Philip Blancato · Chief Executive Officercontrolsince 04/2021 · owns less than 5%
- Lynn Jaime Desmond · Chief Compliance Officer And Presidentcontrolsince 04/2021 · owns less than 5%
- Salvatore Philip Blancato · Co-Managing Membercontrolsince 04/2021 · owns 50% to 75% of Black Diamond Financial Holding, LLC
- Lynn Jaime Desmond · Co-Managing Membercontrolsince 04/2021 · owns 50% to 75% of Black Diamond Financial Holding, LLC
Entity owners
- Black Diamond Financial Holding, LLC · Ownerdirect · owns 75% or more
Related persons
Schedule D 7.A
- American Portfolios Advisors, Incinvestment advisernRAUM $13B
- American Portfolios Financial Services, Inc.broker-dealern
- Arbor Point Advisorsinvestment advisernRAUM $6.9B
- Highland Capital Brokeragereal estaten
- Ladenburg Thalmann & Co. Inc.broker-dealern
- Ladenburg Thalmann Asset Management Incinvestment advisernRAUM $6.7B
- Osaic Advisory Services, LLCinvestment advisernRAUM $15B
- Osaic Institutions, Inc.broker-dealerinvestment adviserreal estatenRAUM $6.5B
- Sagepoint Financial, Inc.broker-dealerinvestment adviserreal estatenRAUM $16B
- Osaic Wealth, Inc.broker-dealerinvestment adviserreal estatenRAUM $235B
- Premier Trust, Inc.n
- Securities America Advisors, Inc.investment adviserLP sponsornRAUM $40B
- Securities America, Inc.broker-dealerreal estaten
- Triad Advisors, LLCbroker-dealerinvestment adviserreal estatenRAUM $1.1B
- Vision2020 Wealth Management Corp.investment advisern
Advisers that list Black Diamond Financial, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Nutley, Nj | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- unusually large average HNW clientStatic outlier · filing Mar 30, 2026HNW RAUM per HNW client of $9,282,065 against a peer median of $2,404,040 (4940 comparable advisers, 99.0th percentile, 4.6 robust deviations)peers: independent wealth managers, $100M to $500M (4,940) · 99% percentile
What changed
consecutive filings, newest first
- Accounts · 85 to 247Apr 1, 2025 to Mar 30, 2026
- Charity clients · 5 to 3Apr 1, 2025 to Mar 30, 2026
- Corporate clients · 1.0 to unsetApr 1, 2025 to Mar 30, 2026
- HNW clients · 28 to 26Apr 1, 2025 to Mar 30, 2026
- Individual clients · 47 to 55Apr 1, 2025 to Mar 30, 2026
- Pension plan clients · 3 to 8Apr 1, 2025 to Mar 30, 2026
- Discretionary RAUM · $320M to $369MApr 1, 2025 to Mar 30, 2026
- HNW RAUM · $214M to $241MApr 1, 2025 to Mar 30, 2026
- Individual RAUM · $16.5M to $49.3MApr 1, 2025 to Mar 30, 2026
- Non-discretionary RAUM · $45.6M to $71.3MApr 1, 2025 to Mar 30, 2026
- Pension RAUM · $45.6M to $71.3MApr 1, 2025 to Mar 30, 2026
- RAUM · $366M to $441MApr 1, 2025 to Mar 30, 2026
- Wrap assets (sponsor) · $320M to $369MApr 1, 2025 to Mar 30, 2026
- Accounts · 34 to 85Mar 29, 2024 to Apr 1, 2025
- Charity clients · unset to 5.0Mar 29, 2024 to Apr 1, 2025
- Corporate clients · unset to 1.0Mar 29, 2024 to Apr 1, 2025
- HNW clients · 20 to 28Mar 29, 2024 to Apr 1, 2025
- Individual clients · 12 to 47Mar 29, 2024 to Apr 1, 2025
- Pension plan clients · unset to 3.0Mar 29, 2024 to Apr 1, 2025
- Financial planning clients · unset to 0Mar 29, 2024 to Apr 1, 2025
- HQ city · unset to Mar 29, 2024 to Apr 1, 2025
- HQ state · unset to Mar 29, 2024 to Apr 1, 2025
- Discretionary RAUM · $200M to $320MMar 29, 2024 to Apr 1, 2025
- HNW RAUM · $188M to $214MMar 29, 2024 to Apr 1, 2025
- Individual RAUM · $3.4M to $16.5MMar 29, 2024 to Apr 1, 2025
- Non-discretionary RAUM · $0 to $45.6MMar 29, 2024 to Apr 1, 2025
- Pension RAUM · unset to 45582999.0Mar 29, 2024 to Apr 1, 2025
- RAUM · $200M to $366MMar 29, 2024 to Apr 1, 2025
- Wrap assets (sponsor) · $200M to $320MMar 29, 2024 to Apr 1, 2025
- Accounts · 28 to 34Aug 29, 2023 to Mar 29, 2024
- HNW clients · 19 to 20Aug 29, 2023 to Mar 29, 2024
- Individual clients · 6 to 12Aug 29, 2023 to Mar 29, 2024
- Discretionary RAUM · $245M to $200MAug 29, 2023 to Mar 29, 2024
- HNW RAUM · $162M to $188MAug 29, 2023 to Mar 29, 2024
- Individual RAUM · $3.5M to $3.4MAug 29, 2023 to Mar 29, 2024
- RAUM · $245M to $200MAug 29, 2023 to Mar 29, 2024
- Wrap assets (sponsor) · $245M to $200MAug 29, 2023 to Mar 29, 2024
- Accounts · 0 to 28Oct 18, 2022 to Feb 28, 2023
- HNW clients · unset to 19.0Oct 18, 2022 to Feb 28, 2023
- Individual clients · unset to 6.0Oct 18, 2022 to Feb 28, 2023
Signals
2 dated events
- Black Diamond Financial, Llc reported RAUM $365.5M, up 83% from $199.6M (2024-03-29 to 2025-04-01)Apr 1, 2025 · RAUM change · derived
- Black Diamond Financial, Llc filed its initial SEC registration (Form ADV)May 28, 2021 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 201-214-2104reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 908-230-5900reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 908-410-4660reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- bdfria.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 201-214-2104reportedpublic record, Form ADV, Mar 30, 2026
- Contact form
- bdfria.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $220Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026