Black Diamond Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, estate planning, insurance, and tax planning. Financial planning was provided to 251–500 clients last fiscal year. The firm advises 3 private funds.
Black Diamond Financial reports 361 clients. They include 218 high-net-worth individuals, 117 individual clients, and 10 corporations and other businesses. Of its assets, 89.5% ($1.23B across 1,252 accounts) are managed with discretion; $144M across 9 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 32% | 7% |
| High-net-worth individuals | 60% | 76% |
| Pooled investment vehicles | <1% | 4% |
| Pension and profit-sharing plans | 2% | 7% |
| Charitable organizations | 2% | 6% |
| Other client typesCorporations and other businesses | 3% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 117 | $90.6M | 6.6% | $775K |
| High-net-worth individuals | 218 | $1.04B | 75.7% | $4.76M |
| Pooled investment vehicles | 3 | $50.2M | 3.7% | $16.7M |
| Pension and profit-sharing plans | 6 | $91.8M | 6.7% | $15.3M |
| Charitable organizations | 7 | $83.7M | 6.1% | $12M |
| Corporations and other businesses | 10 | $16.5M | 1.2% | $1.65M |
| Total | 361 | $1.37B | 100% | $3.8M |
- Clients
- 117
- Regulatory AUM
- $90.6M
- AUM share
- 6.6%
- Avg. per client
- $775K
- Clients
- 218
- Regulatory AUM
- $1.04B
- AUM share
- 75.7%
- Avg. per client
- $4.76M
- Clients
- 3
- Regulatory AUM
- $50.2M
- AUM share
- 3.7%
- Avg. per client
- $16.7M
- Clients
- 6
- Regulatory AUM
- $91.8M
- AUM share
- 6.7%
- Avg. per client
- $15.3M
- Clients
- 7
- Regulatory AUM
- $83.7M
- AUM share
- 6.1%
- Avg. per client
- $12M
- Clients
- 10
- Regulatory AUM
- $16.5M
- AUM share
- 1.2%
- Avg. per client
- $1.65M
Total
- Clients
- 361
- Regulatory AUM
- $1.37B
- AUM share
- 100%
- Avg. per client
- $3.8M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 3
- Financial planning clients last fiscal year
- 251–500
Black Diamond Financial charges up to 0.85% a year for its Asset Management. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- ERISA Plan Services
- ERISA plan services are charged on the market value of plan assets; the annual fee shall not exceed 1%.
- Financial Planning
- Financial planning is charged hourly at $300 per hour, or a fixed fee based on plan complexity, negotiated in advance, with 50% due at signing.
Matthew Goette owns 50% to 75% of Black Diamond Financial. The leadership team of Black Diamond Financial includes Chief Compliance Officer Matthew Goette. It has 17 employees, 13 of them in advisory roles.
Leadership
- Matthew GoetteMember/Chief Compliance Officer
Investment adviser representatives
13 representatives listed in the SEC register as of 9 October 2026.
- Lindsay Dyson Dryden IV
- Jordan M Fisher
- Matthew Paul Goette
- Derek Edwin Holdredge
- Chahat Kumari
- Chase Llewellyn
- Troy Coleman Murphy
- Alexander Roesner
- Brigitte Strobl
- Paul William Svendsen
- Robert Jeremy Tobin
- Erin Lea Weber
- David Alan Zinreich
Staff
- 17 employees
- 13 in advisory functions
- 13 state-registered reps
- Owns 50% to 75% of Black Diamond Financial, LLC
Matthew Goette
Control person · since August 2007
- Owns 25% to 50% of Black Diamond Financial, LLC
Dryden Capital Management Trust
Control person · since April 2013
- Owns 75% or more of Dryden Capital Management Trust
Lindsay Dryden
Control person · since April 2013
Black Diamond Financial’s regulatory assets grew 2.8× from $489M (March 2021) to $1.37B (March 2026); clients rose from 173 to 361 and employees from 6 to 17.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.37B | 361 | 17 | 2 |
| March 2025 | $1.04B | 328 | 14 | 2 |
| March 2024 | $701M | 274 | 13 | 2 |
| March 2023 | $546M | 254 | 9 | 2 |
| July 2022 | $551M | 186 | 10 | 2 |
| March 2021 | $489M | 173 | 6 | 2 |
Besides its headquarters, Black Diamond Financial has 1 office, with 2 listed addresses in Maryland and Oregon.
Maryland · 1 listed address
- 2330 West Joppa Road, Suite 320, LuthervilleHQ
Oregon · 1 listed address
- 855 SW Yates Drive, Bend
Contact and registration details
- Legal name
- Black Diamond Financial, LLC
- Headquarters
- 2330 West Joppa Road, Suite 320, Lutherville, MD 21093
- Website
- blackdfinancial.com
- Phone
- 443-841-7772
- @black-diamond-financial-llc
- SEC file
- 801-96172
- Founded
- 2007
- Structure
- Delaware LLC
- Fiscal year end
- December
Black Diamond Financial uses Charles Schwab ($1.22B) as custodian for its separately managed accounts. Black Diamond Financial has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.22B100%
At year end, Black Diamond Financial’s separately managed accounts were mostly in funds (86%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.13B across 198 positions; the largest are Vanguard World FD (10.9%), Vanguard World FD (8.5%) and Schwab Strategic TR (5.4%).
What the accounts hold
- Stocks4%
- Funds86%
- Registered funds82%
- Pooled vehicles4%
- Bonds9%
- U.S. government and agency bonds7%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash1%
Reported 13F holdings
- $1.13B
- Reported 13F value
- 198
- Positions
- 50.2%
- In the 10 largest
- +23.7%
- Value vs. prior quarter
- Vanguard World FD · Mega Cap Val ETF10.9%
- Vanguard World FD · Mega Grwth Ind8.5%
- Schwab Strategic TR · US Lcap VA ETF5.4%
- Schwab Strategic TR · US Lcap GR ETF5.3%
- iShares TR · Core US Aggbd ET4.1%
- SPDR Series Trust · ST Inter ETF3.9%
- Vanguard World FD · Mega Cap Index3.6%
- Vanguard Index Fds · Growth ETF3.1%
- Schwab Strategic TR · Intl Eqty ETF2.9%
- Vanguard Index Fds · Mcap GR Idxvip2.4%
Together, the ten largest are 50.2% of reported value.
How many clients does Black Diamond Financial have?
Black Diamond Financial has 361 clients and manages $1.37 billion for them, as of March 2026. They include 218 high-net-worth individuals, 117 individual clients, and 10 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does Black Diamond Financial offer?
Black Diamond Financial provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Black Diamond Financial charge?
Black Diamond Financial charges up to 0.85% a year for its Asset Management. The fee is billed in advance, is negotiable and requires an account of at least $1,000,000.
Source: ADV PART 2A, filed 23 March 2026
Which custodians does Black Diamond Financial use?
Black Diamond Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.22B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026
How many financial advisors does Black Diamond Financial have?
Black Diamond Financial has 13 investment adviser representatives registered with state securities authorities, out of 17 employees, and 13 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Black Diamond Financial invest in?
At the end of its last fiscal year, Black Diamond Financial’s separately managed accounts held 82% registered funds (mutual funds, ETFs, BDCs), 7% U.S. government and agency bonds, 4% exchange-traded equities, 4% pooled vehicles (private funds and similar), 1% state and local bonds, 1% investment grade corporate bonds and 1% cash and equivalents. It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Black Diamond Financial have a minimum investment?
Yes, Black Diamond Financial’s minimum account size for its Asset Management is $1M.
Source: ADV PART 2A, filed 23 March 2026
Who owns Black Diamond Financial?
Black Diamond Financial is owned through a trust by Lindsay Dryden. Its direct owners are Matthew Goette (50% to 75%) and Dryden Capital Management Trust (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does Black Diamond Financial get paid?
Black Diamond Financial is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Black Diamond Financial?
Black Diamond Financial’s main office is at 2330 West Joppa Road, Suite 320, Lutherville, MD 21093. Its phone number is 443-841-7772. Its website is blackdfinancial.com.