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RD

Richard K. Diamond

Some features on this profile are disabled
CRD#: 5073217
RD

Professional summary

Richard Kane Diamond was barred by the SEC from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

Richard is a previously registered financial professional and started their career in finance in 2006. Prior to being barred, Richard had worked at 8 firms, which includes THE ROI FINANCIAL GROUP LLC, FINANCIAL GRAVITY ASSET MANAGEMENT INC., CAMBRIDGE INVESTMENT RESEARCH ADVISORS INC., CAMBRIDGE INVESTMENT RESEARCH INC., MML INVESTORS SERVICES LLC, EQUITABLE ADVISORS LLC, ALLIANCEBERNSTEIN L.P., SANFORD C. BERNSTEIN & CO. LLC.

top-8-questions

Question & Answer

Are you a "fiduciary"?
No

Aliases

Richard Diamond

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
Refers Private Placement in Life Settlements and Oil/Gas Industries - receives a marketing fee. Offers first position mortgages and Merchant Cash Advance business which will not be conducted under Financial Gravity Wealth, Inc. Richard Kane Diamond is Manager of American Asset Management LLC, the general partner of The Permian Basin Recovery Fund I, LLC, a private fund. ROI Financial will recommend investments in this private fund to those clients for which investment in the fund is suitable. This presents a conflict of interest in that ROI Financial or its related persons may receive more compensation from investment in the fund than from other investments. Nevertheless, ROI Financial acts in the best interest of the client consistent with its fiduciary duties and clients are not required invest in the private fund if they do not wish to do so. The ROI Group, LLC; investment related: Yes; Location of the business: 550 American Avenue, Suite 203, King of Prussia PA 19406; Description of the business: The ROI Group LLC offers insurance products and business consulting to individuals and businesses.; Position Title: Principal; Responsibilities Duties: Owner/Operator; Start date with business: 2016-01-01; Hours devoted to business during trading hours: 30; Hours devoted to business outside trading hours: 10; Percentage of total yearly compensation expected to be derived from the business: 25.

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CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
None

Experience

Past

November 8, 2019 - December 31, 2024

THE ROI FINANCIAL GROUP LLC

RIA
CRD#: 305324
WAYNE, PA
Past

June 20, 2017 - November 7, 2019

FINANCIAL GRAVITY ASSET MANAGEMENT, INC.

RIA
CRD#: 144008
King of Prussia, PA
Past

December 1, 2015 - June 29, 2017

CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC.

RIA
CRD#: 134139
King of Prussia, PA
Past

December 1, 2015 - June 29, 2017

CAMBRIDGE INVESTMENT RESEARCH, INC.

BD
CRD#: 39543
King of Prussia, PA
Past

October 31, 2014 - October 8, 2015

MML INVESTORS SERVICES, LLC

RIA
CRD#: 10409
BALA CYNWYD, PA
Past

September 12, 2014 - October 8, 2015

MML INVESTORS SERVICES, LLC

BD
CRD#: 10409
BALA CYNWYD, PA
Past

June 11, 2013 - June 9, 2014

EQUITABLE ADVISORS, LLC

RIA
CRD#: 6627
BALA CYNWYD, PA
Past

May 6, 2013 - June 9, 2014

EQUITABLE ADVISORS, LLC

BD
CRD#: 6627
BALA CYNWYD, PA
Past

January 16, 2006 - June 22, 2006

ALLIANCEBERNSTEIN L.P.

RIA
CRD#: 108477
NASHVILLE, TN
Past

January 16, 2006 - June 22, 2006

SANFORD C. BERNSTEIN & CO., LLC

BD
CRD#: 104474
PHILADELPHIA, PA

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Exams

State Security Law Exam
RR
IAR
Series 66
Date: 6/8/2013
Uniform Combined State Law Examination
State Security Law Exam
RR
Series 63
Date: 5/23/2013
Uniform Securities Agent State Law Examination
General Industry/Product Exam
RR
SIE
Date: 6/29/2017
Securities Industry Essentials Examination
General Industry/Product Exam
RR
Series 7
Date: 5/2/2013
General Securities Representative Examination
General Industry/Product Exam
RR
Series 31
Date: 12/12/2005
Futures Managed Funds Examination

Current Firm

TR
THE ROI FINANCIAL GROUP LLC
THE ROI FINANCIAL GROUP LLC

CRD#: 305324 / SEC#:

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Contact information

Main Address
512 W. Lancaster Avenue Unit C, Wayne, PA 19087
Mailing Address
Phone number
(610) 265-5900
Established
Firm type
Fiscal year end
# of Employees
1

Documents

Latest Form ADV

Regulatory assets under management

Total Number of Accounts143
AUM (Assets Under Management)$ 18,841,971

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Company Information

THE ROI FINANCIAL GROUP LLC

CRD#: 305324

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