Blackdiamond Wealth Management, Inc. is a mid-sized advisory firm based in New York. It manages $52.71 million of regulatory assets for 260 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Connecticut, Delaware, and 5 other states.
Blackdiamond Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Blackdiamond Wealth Management, Inc. is $52.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Blackdiamond Wealth Management, Inc. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Blackdiamond Wealth Management is high net worth individuals with 37 clients and $37.88 million of assets under management. Among the 2 most similar advisory firms, Blackdiamond Wealth Management has the lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $52.71 million for 135 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Blackdiamond Wealth Management doesn't advise any private funds.
The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Blackdiamond Wealth Management, Inc. performs its advisory services is located at 575 Fifth Avenue, New York, NY 10017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (212) 784-6999 or by fax (917) 565-8509. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at blackdiamondwealth.com and its LinkedIn profile.