BLACK DIAMOND FINANCIAL, LLC
Adviser information for BLACK DIAMOND FINANCIAL, LLC last updated from Form ADV on March 29th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | New Jersey, United States |
Employees
| Total Number of Employees | 2 |
|---|---|
| Investment Advisory/Research | 2 |
| Registered Broker-Dealer Representatives | 2 |
| Registered State Investment Advisers | 2 |
| Licensed Agents of an Insurance Company | 1 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 34 | $199.6M |
| Non-Discretionary | 0 | $0 |
| Total | 34 | $199.6M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 12 | $3.4M |
| HNW Individuals | 20 | $188.5M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 0 | $0 |
| Charitable organizations | <5 | $1.4M |
| State or municipal gov entities | <5 | $6.3M |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 0 | $0 |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 0 |
Services
| Advisory Services | Portfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clients |
|---|---|
| Compensation | % of AUMFixed fees |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 199.6M |
| Portfolio Manager | 0 |
| Both for Same | 0 |
| Portfolio Manager to Program | Sponsor |
|---|---|
| BLACK DIAMOND INVESTMENT PROGRAM | BLACK DIAMOND FINANCIAL, LLC |
Principal Office
24 JOERG AVENUTLEY
NJ
United States
Monday - Friday, 9:00 AM-5:00 PM
Tel: 201-214-2104, Fax: None
Websites
Chief Compliance Officer
JAIME DESMOND
PRESIDENT
24 JOERG AVE
NUTLEY
NJ
United States
Tel:
201-214-2104
J****@*********M
(Full email address available in API data)
Regulatory Contact
PHILIP BLANCATO
CEO
24 JOERG AVE
NUTLEY
NJ
United States
Tel:
908-410-4660
P***@*********M
(Full email address available in API data)
Industry Affiliates
| AMERICAN PORTFOLIOS ADVISORS, INC | Other investment adviser, including financial planners |
| AMERICAN PORTFOLIOS FINANCIAL SERVICES, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| ARBOR POINT ADVISORS | Other investment adviser, including financial planners |
| HIGHLAND CAPITAL BROKERAGE | Insurance company or agency |
| LADENBURG THALMANN & CO. INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| LADENBURG THALMANN ASSET MANAGEMENT INC | Other investment adviser, including financial planners |
| OSAIC ADVISORY SERVICES, LLC | Other investment adviser, including financial planners |
| OSAIC INSTITUTIONS, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersInsurance company or agency |
| OSAIC SERVICES, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersInsurance company or agency |
| OSAIC WEALTH, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersInsurance company or agency |
| PREMIER TRUST, INC. | Trust company |
| SECURITIES AMERICA ADVISORS, INC. | Other investment adviser, including financial plannersPension consultant |
| SECURITIES AMERICA, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealerInsurance company or agency |
| TRIAD ADVISORS, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersInsurance company or agency |
| VISION2020 WEALTH MANAGEMENT CORP. | Other investment adviser, including financial planners |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| BLACK DIAMOND FINANCIAL HOLDING, LLC | Domestic Entity | – | OWNER | 04/2021 | > 75% |
| BLANCATO, PHILIP, SALVATORE | Individual | BLACK DIAMOND FINANCIAL HOLDING, LLC | CO-MANAGING MEMBER | 04/2021 | 50-75% |
| DESMOND, JAIME, LYNN | Individual | BLACK DIAMOND FINANCIAL HOLDING, LLC | CO-MANAGING MEMBER | 04/2021 | 50-75% |
| DESMOND, JAIME, LYNN | Individual | – | CHIEF COMPLIANCE OFFICER AND PRESIDENT | 04/2021 | < 5% |
| BLANCATO, PHILIP, SALVATORE | Individual | – | CHIEF EXECUTIVE OFFICER | 04/2021 | < 5% |
No. Employees, Historic
RAUM, Historic
No. Clients, Historic
Holdings
From latest 13F, filed August 9th, 2024 for period ending June 30th, 2024
| Name | Class | Value $USD | # Shares | Private Fund |
|---|---|---|---|---|
| ABBVIE INC | COM | 266K | 2K | – |
| ALPHABET INC | CAP STK CL A | 936K | 5K | – |
| ALPHABET INC | CAP STK CL C | 2M | 9K | – |
| AMAZON COM INC | COM | 2M | 10K | – |
| APPLE INC | COM | 6M | 29K | – |
| BANK AMERICA CORP | COM | 916K | 23K | – |
| BECTON DICKINSON & CO | COM | 284K | 1K | – |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 3M | 8K | – |
| CATERPILLAR INC | COM | 231K | 692 | – |
| CEL-SCI CORP | COM PAR NEW | 84K | 72K | – |
| CHEVRON CORP NEW | COM | 301K | 2K | – |
| CONSTELLATION ENERGY CORP | COM | 981K | 5K | – |
| COSTCO WHSL CORP NEW | COM | 474K | 557 | – |
| CSX CORP | COM | 509K | 15K | – |
| CUSTOM TRUCK ONE SOURCE INC | COM CL A | 617K | 142K | – |
| DANAHER CORPORATION | COM | 278K | 1K | – |
| DOCGO INC | COM | 119K | 39K | – |
| ELI LILLY & CO | COM | 1M | 2K | – |
| EVERGY INC | COM | 250K | 5K | – |
| EXELON CORP | COM | 487K | 14K | – |
| EXPEDITORS INTL WASH INC | COM | 218K | 2K | – |
| EXXON MOBIL CORP | COM | 582K | 5K | – |
| FIDELITY COVINGTON TRUST | MSCI RL EST ETF | 11M | 434K | – |
| GLOBAL X FDS | GLOBAL X URANIUM | 373K | 13K | – |
| HOME DEPOT INC | COM | 270K | 785 | – |
| HONEYWELL INTL INC | COM | 415K | 2K | – |
| INDUSTRIAL LOGISTICS PPTYS T | COM SHS BEN INT | 92K | 25K | – |
| INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 9M | 52K | – |
| INVESCO QQQ TR | UNIT SER 1 | 2M | 5K | – |
| ISHARES BITCOIN TR | SHS | 349K | 10K | – |
| ISHARES GOLD TR | ISHARES NEW | 421K | 10K | – |
| ISHARES INC | CORE MSCI EMKT | 6M | 110K | – |
| ISHARES TR | CORE HIGH DV ETF | 638K | 6K | – |
| ISHARES TR | CORE MSCI EAFE | 1M | 15K | – |
| ISHARES TR | CORE S&P MCP ETF | 222K | 4K | – |
| ISHARES TR | CORE S&P SCP ETF | 3M | 26K | – |
| ISHARES TR | CORE S&P500 ETF | 3M | 6K | – |
| ISHARES TR | CORE US AGGBD ET | 19M | 196K | – |
| ISHARES TR | GLOBAL ENERG ETF | 746K | 18K | – |
| ISHARES TR | IBOXX HI YD ETF | 256K | 3K | – |
| ISHARES TR | ISHS 5-10YR INVT | 10M | 186K | – |
| ISHARES TR | MRGSTR MD CP GRW | 2M | 32K | – |
| ISHARES TR | MRGSTR MD CP VAL | 7M | 93K | – |
| ISHARES TR | MRGSTR SM CP GR | 5M | 102K | – |
| ISHARES TR | MRNING SM CP ETF | 654K | 11K | – |
| ISHARES TR | MSCI EAFE MIN VL | 561K | 8K | – |
| ISHARES TR | MSCI USA MIN VOL | 2M | 20K | – |
| ISHARES TR | MSCI USA QLT FCT | 206K | 1K | – |
| ISHARES TR | NATIONAL MUN ETF | 7M | 63K | – |
| ISHARES TR | RUS 1000 ETF | 481K | 2K | – |
| ISHARES TR | RUS 1000 GRW ETF | 337K | 924 | – |
| ISHARES TR | SHORT TREAS BD | 490K | 4K | – |
| JOHNSON & JOHNSON | COM | 401K | 3K | – |
| JPMORGAN CHASE & CO. | COM | 1M | 6K | – |
| KNIGHT-SWIFT TRANSN HLDGS IN | CL A | 257K | 5K | – |
| LINDBLAD EXPEDITIONS HLDGS I | COM | 9M | 904K | – |
| LIVEWIRE GROUP INC | *W EXP 09/26/202 | 2K | 12K | – |
| LOWES COS INC | COM | 318K | 1K | – |
| MASTERCARD INCORPORATED | CL A | 413K | 937 | – |
| MCKESSON CORP | COM | 880K | 2K | – |
| MERCK & CO INC | COM | 497K | 4K | – |
| META PLATFORMS INC | CL A | 568K | 1K | – |
| MICROSOFT CORP | COM | 3M | 6K | – |
| NEWMARK GROUP INC | CL A | 102K | 10K | – |
| NVIDIA CORPORATION | COM | 1M | 11K | – |
| OREILLY AUTOMOTIVE INC | COM | 257K | 243 | – |
| PEPSICO INC | COM | 723K | 4K | – |
| PROCTER AND GAMBLE CO | COM | 574K | 3K | – |
| PROLOGIS INC. | COM | 466K | 4K | – |
| PROSHARES TR | S&P 500 DV ARIST | 3M | 35K | – |
| QUANTA SVCS INC | COM | 409K | 2K | – |
| ROSS STORES INC | COM | 206K | 1K | – |
| RTX CORPORATION | COM | 283K | 3K | – |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 12M | 325K | – |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 278K | 8K | – |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 1M | 21K | – |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 209K | 5K | – |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 395K | 6K | – |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 18M | 177K | – |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 23M | 313K | – |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 18M | 277K | – |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 7M | 89K | – |
| SCHWAB STRATEGIC TR | US REIT ETF | 2M | 83K | – |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 7M | 145K | – |
| SELECT SECTOR SPDR TR | FINANCIAL | 285K | 7K | – |
| SELECT SECTOR SPDR TR | INDL | 326K | 3K | – |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 312K | 2K | – |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 205K | 3K | – |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 902K | 10K | – |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 1M | 7K | – |
| SOUTHSTATE CORPORATION | COM | 488K | 6K | – |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 242K | 618 | – |
| SPDR GOLD TR | GOLD SHS | 3M | 15K | – |
| SPDR S&P 500 ETF TR | TR UNIT | 2M | 4K | – |
| SPDR S&P MIDCAP 400 ETF TR | UTSER1 S&PDCRP | 3M | 5K | – |
| SPDR SER TR | NUVEEN BLOOMBERG | 237K | 9K | – |
| SPDR SER TR | PORTFLI INTRMDIT | 19M | 673K | – |
| SPDR SER TR | S&P DIVID ETF | 5M | 43K | – |
| SPROTT PHYSICAL GOLD & SILVE | TR UNIT | 282K | 13K | – |
| SPROTT PHYSICAL GOLD TR | UNIT | 665K | 37K | – |
| SPROTT PHYSICAL SILVER TR | TR UNIT | 735K | 74K | – |
| SSGA ACTIVE ETF TR | BLACKSTONE SENR | 2M | 41K | – |
| TESLA INC | COM | 645K | 3K | – |
| UNION PAC CORP | COM | 344K | 2K | – |
| UNITEDHEALTH GROUP INC | COM | 632K | 1K | – |
| VANGUARD INDEX FDS | GROWTH ETF | 18M | 47K | – |
| VANGUARD INDEX FDS | LARGE CAP ETF | 5M | 20K | – |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 12M | 53K | – |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 3M | 23K | – |
| VANGUARD INDEX FDS | MID CAP ETF | 11M | 44K | – |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 3M | 37K | – |
| VANGUARD INDEX FDS | S&P 500 ETF SHS | 2M | 5K | – |
| VANGUARD INDEX FDS | SM CP VAL ETF | 7M | 40K | – |
| VANGUARD INDEX FDS | SMALL CP ETF | 7M | 34K | – |
| VANGUARD INDEX FDS | SML CP GRW ETF | 4M | 17K | – |
| VANGUARD INDEX FDS | TOTAL STK MKT | 4M | 16K | – |
| VANGUARD INDEX FDS | VALUE ETF | 9M | 53K | – |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 4M | 75K | – |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 1M | 24K | – |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 218K | 2K | – |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 824K | 17K | – |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 2M | 37K | – |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 7M | 87K | – |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 226K | 3K | – |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 959K | 5K | – |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 7M | 147K | – |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 424K | 4K | – |
| VANGUARD WORLD FD | ENERGY ETF | 383K | 3K | – |
| VANGUARD WORLD FD | FINANCIALS ETF | 315K | 3K | – |
| VANGUARD WORLD FD | INF TECH ETF | 881K | 2K | – |
| VANGUARD WORLD FD | MEGA CAP INDEX | 20M | 100K | – |
| VANGUARD WORLD FD | MEGA CAP VAL ETF | 73M | 617K | – |
| VANGUARD WORLD FD | MEGA GRWTH IND | 44M | 140K | – |
| VERIZON COMMUNICATIONS INC | COM | 214K | 5K | – |
| VISA INC | COM CL A | 460K | 2K | – |
| WALMART INC | COM | 237K | 4K | – |
| WELLS FARGO CO NEW | COM | 229K | 4K | – |
| WILLSCOT MOBIL MINI HLDNG CO | COM CL A | 376K | 10K | – |
| YUM BRANDS INC | COM | 301K | 2K | – |