Fee-only adviser · Miami, FL
Black Toro LLC
Black Toro LLC is a fee-only investment adviser registered with the U.S. Securities and Exchange Commission, with its main office in Miami, Florida. On its latest Form ADV, filed March 31, 2026, it reports $345M in regulatory assets under management, 63 individual clients and 5 employees who give investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | SEC-registered |
|---|---|
| Firm CRD number | 315289 · SEC file 801-128015 |
| Office | 600 Brickell Avenue Suite 1775 Miami, FL 33131 |
| Phone | (786) 753-7009 |
| Website | blacktoro.us |
| Regulatory assets under management | $345M ($32M discretionary) |
| Individual clients | 34 non-high-net-worth, 29 high-net-worth |
| Financial planning clients | Not reported |
| How it charges | Percentage of assets, Other |
| Services | Portfolio management |
| Employees | 15 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | March 31, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It also charges a percentage of assets managed for ongoing investment management.
- Most of its individual clients are not high-net-worth, so it is likely to work with people who are still building assets.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
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