Diamond Client Group provides financial planning, portfolio management for individuals and small businesses, and educational seminars. Financial planning was provided to 26–50 clients last fiscal year.
Diamond Client Group reports 436 clients. They include 187 individual clients, 180 high-net-worth individuals, and 41 corporations and other businesses. Of its assets, 53.7% ($99.8M across 529 accounts) are managed with discretion; $86M across 185 accounts are not. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 43% | 10% |
| High-net-worth individuals | 41% | 63% |
| Charitable organizations | 2% | <1% |
| Other investment advisers | 4% | 3% |
| Corporations and other businesses | 9% | 24% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 187 | $18.2M | 9.8% | $97.5K |
| High-net-worth individuals | 180 | $117M | 63.1% | $651K |
| Charitable organizations | 9 | $410K | 0.2% | $45.5K |
| Other investment advisers | 19 | $6.25M | 3.4% | $329K |
| Corporations and other businesses | 41 | $43.7M | 23.5% | $1.07M |
| Total | 436 | $186M | 100% | $426K |
- Clients
- 187
- Regulatory AUM
- $18.2M
- AUM share
- 9.8%
- Avg. per client
- $97.5K
- Clients
- 180
- Regulatory AUM
- $117M
- AUM share
- 63.1%
- Avg. per client
- $651K
- Clients
- 9
- Regulatory AUM
- $410K
- AUM share
- 0.2%
- Avg. per client
- $45.5K
- Clients
- 19
- Regulatory AUM
- $6.25M
- AUM share
- 3.4%
- Avg. per client
- $329K
- Clients
- 41
- Regulatory AUM
- $43.7M
- AUM share
- 23.5%
- Avg. per client
- $1.07M
Total
- Clients
- 436
- Regulatory AUM
- $186M
- AUM share
- 100%
- Avg. per client
- $426K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Diamond Client Group is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Ongoing Financial Planning
- Ongoing financial planning is a recurring fixed fee of $250 to $8,000 per month, negotiable, rising 3% a year.
- Project-Based Financial Planning
- Project-based financial planning is a fixed fee between $2,500 and $100,000, negotiable.
Lucas Cheatham owns 75% or more of Diamond Client Group. The leadership team of Diamond Client Group includes Chief Operating Officer Brian Cheatham and Chief Compliance Officer Bobby Boyce. It has 11 employees.
Staff
- 11 employees
- 11 in advisory functions
- 9 state-registered reps
- 2 broker-dealer reps
- 10 insurance agents
- Owns 75% or more of Diamond Client Group, LLC
Lucas Cheatham
Control person · since June 2016
Diamond Client Group’s regulatory assets grew 1.6× from $117M (March 2025) to $186M (March 2026); clients rose from 212 to 436 and employees from 8 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $186M | 436 | 11 | 2 |
| Mar 2025March 2025 | $117M | 212 | 8 | 1 |
Besides its headquarters, Diamond Client Group has 1 office, with 2 listed addresses across 2 states.
Pennsylvania · 1 listed address
- 121 N Main St, #308, Souderton
Texas · 1 listed address
- 9595 Six Pines Drive, Suite 6200, The WoodlandsHQ
Contact and registration details
- Legal name
- Diamond Client Group, LLC
- Headquarters
- 9595 Six Pines Drive, Suite 6200, The Woodlands, TX 77380
- Website
- diamondclientgroup.com
- Phone
- 832-319-1555
- @diamond-client-group
- SEC file
- 801-132329
- Structure
- Texas LLC
- Fiscal year end
- December
Diamond Client Group’s named custodian for separately managed accounts is Charles Schwab ($85.3M). Diamond Client Group has custody of $36.2M for 228 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $85.3M100%
At year end, Diamond Client Group’s separately managed accounts were mostly in stocks (74%) and funds (20%).
What the accounts hold
- Stocks74%
- Non-exchange-traded equities44%
- Exchange-traded equities30%
- Funds20%
- Bonds3%
- Cash3%
How many clients does Diamond Client Group have?
Diamond Client Group has 436 clients and manages $186 million for them, as of March 2026. They include 187 individual clients, 180 high-net-worth individuals, and 41 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 March 2026
What services does Diamond Client Group offer?
Diamond Client Group provides financial planning, portfolio management for individuals and small businesses, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Diamond Client Group use?
Diamond Client Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $85.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 March 2026
How many financial advisors does Diamond Client Group have?
Diamond Client Group has 9 investment adviser representatives registered with state securities authorities, out of 11 employees, and 11 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 10 employees are 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 Diamond Client Group invest in?
At the end of its last fiscal year, Diamond Client Group’s separately managed accounts held 44% non-exchange-traded equities, 30% exchange-traded equities, 20% registered funds (mutual funds, ETFs, BDCs), 3% investment grade corporate bonds and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Diamond Client Group?
Diamond Client Group’s direct owner is Lucas Cheatham (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 21 March 2026
How does Diamond Client Group get paid?
Diamond Client Group 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 Diamond Client Group?
Diamond Client Group’s main office is at 9595 Six Pines Drive, Suite 6200, The Woodlands, TX 77380. Its phone number is 832-319-1555. Its website is diamondclientgroup.com.
