BLACK TORO LLC

CRD 315289File 801-128015

APPROVED

Retail clients

Custody

Filing as of Mar 31, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$345.1M

Below cohort median (national)

Discretionary AUM

$32.2M

Non-discretionary $312.9M

Clients

65 accounts

Employees

Below cohort median in FL

Identity & registration

ADV Item 1

Organization form: Limited Liability Company
Firm type: Registered
SEC region: MIRO
Registration date: May 19, 2023
Principal office: 600 BRICKELL AVENUE, SUITE 1775, MIAMI, FL, 33131
Phone: 786 753-7009
Website: https://blacktoro.us/

Assets & accounts

ADV Item 5F

Total regulatory AUM: $345.1M
Discretionary AUM: $32.2M
Non-discretionary AUM: $312.9M
Discretionary accounts: 40
Non-discretionary accounts: 25
Total accounts: 65
AUM per client: $5.3M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Insurance companies	1	$246.5M
High net worth individuals	29	$83.7M
Pooled investment vehicles	1	$2.9M
Individuals (other than high net worth individuals)	34	$12.0M

Compensation & activities

ADV Items 5E, 5G

Compensation

Other
Other (described) — CONSULTING FEES
Performance-based fees
A percentage of assets under your management

Advisory activities

Portfolio management for businesses
Portfolio management for pooled investment vehicles
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: No
Firm Custody Assets: Yes
Firm Custody Clients: Yes
Firm Custody Securities: No
Related Person Custody Cash: Yes
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: Yes

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.