Black Diamond Financial manages investment portfolios and provides retirement plan consulting for individuals, businesses, and other organizations. Black Diamond Financial offers discretionary investment management on both a wrap fee basis (where a single bundled fee covers investment advice, trade execution, and custody) and a non-wrap fee basis (where services are unbundled). Portfolios are primarily invested in mutual funds, exchange-traded funds, individual stocks, and bonds, and the firm can also incorporate interval funds or independent managers when appropriate. Financial planning and consulting services are included in the annual investment advisory fee to the extent requested by the client. Additionally, representatives of Black Diamond Financial can act in separate capacities as registered representatives of a broker-dealer or as licensed insurance agents to offer commission-based products.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.75% |
| $500K - $1.0M | 1.50% |
| $1.0M - $2.0M | 1.25% |
| $2M+ | 1.25% |
Fees for amounts above $2,000,000 are negotiable. The firm also sponsors a wrap fee program with annual fees ranging up to 1.75%.