SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Black Toro LLC
Miami, FL
CRD 315289
Firm filing updated March 31, 2026 ·
- $345.1MAssets
- 65Clients
- 5Advisory staff
- 65Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Performance-based feesYes
- OtherYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
Who the firm serves
- Individuals34
- High net worth individuals29
- Pooled vehicles1
- Insurance companies1
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 34 | $12.0 million |
| High net worth individuals | 29 | $83.7 million |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $2.9 million |
| Insurance companies | 1 | $246.5 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Assets and accounts
- Regulatory assets$345.1 million
- Accounts65
- Discretionary$32.2 million · 40 accounts
- Non-discretionary$312.9 million · 25 accounts
People
- Employees15
- Advisory staff5
- Broker-dealer reps0
- Licensed insurance agents0
Advisors
1 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 315289, SEC file 801-128015.
- Registered with the SEC as an investment advisor (status date on record: May 19, 2023).
Is Black Toro LLC a fiduciary?
Short answer: Black Toro LLC is registered with the SEC as an investment advisor.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
The firm does not report commissions, a broker-dealer role, a related broker-dealer, or staff who are broker-dealer representatives.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.