BlackTORO
BlackTORO is a U.S.-regulated boutique investment advisory firm headquartered in Miami, offering fiduciary wealth management to high-net-worth individuals and families and asset management to institutional clients, with a particular focus on Latin American markets.
- Company typePrivate
- Founded2021
- HeadquartersMiami, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What BlackTORO does
BlackTORO is a boutique investment advisory and asset management firm founded in 2021 and headquartered at 600 Brickell Avenue, Suite 1775, Miami, Florida. The firm operates under a U.S. fiduciary model as a Registered Investment Advisor (RIA), explicitly independent of product sales and commission incentives, and serves two client segments: high-net-worth individuals and families seeking wealth management, and institutional and corporate clients requiring asset management with institutional standards. Fernando Marengo serves as Chief Economist and Partner, and the firm has publicly positioned itself as an advisory partner for Latin American — particularly Peruvian — wealthy families seeking protection from regional political risk, recommending conservative portfolios such as 60% short-term U.S. government bonds, 20% defensive equities, and 20% gold and emerging-market sovereign bonds.
The firm delivers its services through two proprietary technology platforms: BlackDiamond Access, a client portal providing portfolio management tools and reporting, and Centro de Análisis BlackTORO, a research center supplying macroeconomic analysis and market intelligence to support investment decisions. Service offerings span patrimonial diagnosis, financial planning, active portfolio design, risk control, coordination with tax, succession and legal experts, access to traditional and alternative assets, and periodic reporting and objective review for individuals and families; for institutional clients, the firm emphasizes disciplined portfolio management, capital preservation and growth, and strategic asset and regional allocation.
BlackTORO generates revenue through recurring advisory and asset management fees, likely structured as a percentage of assets under management, with pricing customized per relationship rather than publicly disclosed. The go-to-market is sales-led and relationship-driven, relying on direct client relationships, website inquiries, professional referrals, and a limited digital presence across LinkedIn, YouTube, and X (Twitter). The firm explicitly operates without product sales or commission-based incentives, positioning fiduciary alignment as its core commercial differentiator.
BlackTORO firmographics
Firmographics- Name
- BlackTORO
- Legal name
- BlackToro
- Website
- https://blacktoro.us
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BlackTORO is a U.S.-regulated boutique investment advisory firm headquartered in Miami, offering fiduciary wealth management to high-net-worth individuals and families and asset management to institutional clients, with a particular focus on Latin American markets.
- Ownership category
- akta.pro rank
BlackTORO industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)
- akta.pro secondary industry
- Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)
Keywords
Where BlackTORO is headquartered
LocationHeadquarters
- HQ city
- Miami
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
BlackTORO business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Wealth Management Advisory Fees: Advisory fees for wealth management services provided to individuals and families, typically based on assets under management or fixed advisory arrangements
- Asset Management Fees: Asset management fees for institutional and corporate clients, likely charged as a percentage of assets under management
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
BlackTORO product offering
Product offeringCore offering
BlackTORO is a U.S.-regulated boutique financial advisory and asset management firm operating under a fiduciary model. The firm offers two primary service lines: Wealth Management for high-net-worth individuals and families (covering patrimonial diagnosis, financial planning, active portfolio design, risk control, coordination with tax and legal experts, and access to traditional and alternative assets), and Asset Management for institutional and corporate clients (institutional-grade portfolio administration, disciplined risk control, and strategic asset allocation across regions).
Product overview
BlackTORO operates as a boutique financial advisory firm offering two primary service lines: Wealth Management for individuals and families, and Asset Management for institutional and corporate clients. The firm integrates technology through BlackDiamond Access (client portal and reporting) and the Centro de Análisis BlackTORO (research and analysis platform) to deliver personalized portfolio management, risk control, and comprehensive financial planning services.
Differentiator
Problem solved
Functional benefit
Products and services
- Wealth Management
Companies that use BlackTORO
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
BlackTORO technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
BlackTORO partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights4 records
BlackTORO competitors and assessment
Company assessmentDirect peers
- Andbank: Andbank is a private bank headquartered in Andorra with a major Miami hub serving Latin American HNW families with wealth management, advisory, and asset management services under a fiduciary model — directly comparable to BlackTORO's boutique HNW/UHNW Latin America thesis.
- BAC Florida Bank: BAC Florida Bank is a Miami-based private bank specialized in serving Latin American HNW clients with wealth management, fiduciary, and cross-border advisory services — a closely comparable boutique competitor for the same Latin American HNW segment BlackTORO targets.
Broad incumbents
- Credicorp Capital: Credicorp Capital is the asset management and wealth advisory arm of Credicorp, one of the largest financial groups in Latin America, offering portfolio management and advisory across the region — a broader incumbent competing for the same HNW/institutional Latin American client base.
- Larraín Vial: Larraín Vial is a leading Chilean wealth manager and investment bank with regional asset management operations serving HNW families, family offices, and institutions across Latin America — comparable in advisory/asset management focus though at materially larger scale.
- BTG Pactual: BTG Pactual is one of the largest independent investment banks in Latin America, with a significant wealth management and asset management franchise serving HNW and institutional clients across the region — overlapping with BlackTORO's HNW Latin American advisory thesis at much greater scale.
- XP Inc. XP Inc. is a major Brazilian wealth management platform serving HNW clients with advisory, asset management, and investment products — comparable to BlackTORO's wealth advisory business but operating as a scaled platform rather than a boutique RIA.
- Itaú Private Bank: Itaú Private Bank is the private banking arm of Itaú Unibanco serving UHNW families across Latin America with discretionary portfolio management, advisory, and succession planning — a broad incumbent competing for the same Latin American HNW dollar-management opportunity as BlackTORO.
- JP Morgan Private Bank: JP Morgan Private Bank is a global private bank serving UHNW individuals and families — including a strong Latin American practice out of Miami — competing with BlackTORO for cross-border HNW mandates at substantially greater scale and brand.
- UBS Wealth Management: UBS Wealth Management is one of the largest global wealth managers with active Latin American HNW coverage and U.S. fiduciary capabilities from Miami — a broad incumbent offering overlapping discretionary portfolio management and advisory services to the same client pool.
Regional players
- Balanz Capital: Balanz Capital is an Argentine wealth manager focused on serving HNW families and individuals with portfolio advisory and asset management across Latin America — comparable in target client and product mix, though primarily Argentina-domiciled rather than U.S.-regulated.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
BlackTORO social profiles
Digital presenceBlackTORO financial estimates
Financial estimateRevenue estimate
Valuation estimate
BlackTORO leadership team
Management profileNumber of profiles
Profiles1 record
BlackTORO funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BlackTORO M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BlackTORO
What does BlackTORO do?
BlackTORO is a U.S.-regulated boutique financial advisory and asset management firm operating under a fiduciary model. The firm offers two primary service lines: Wealth Management for high-net-worth individuals and families (covering patrimonial diagnosis, financial planning, active portfolio design, risk control, coordination with tax and legal experts, and access to traditional and alternative assets), and Asset Management for institutional and corporate clients (institutional-grade portfolio administration, disciplined risk control, and strategic asset allocation across regions).
Is BlackTORO a public or private company?
BlackTORO is a private company. It is classified as management employee owned and is currently operating.
When was BlackTORO founded?
BlackTORO was founded in 2021. It employs 11 to 50 people.
Where is BlackTORO based?
BlackTORO is headquartered in Miami, United States, in the North America region.
How does BlackTORO make money?
Two revenue lines are on record. Wealth Management Advisory Fees are the primary driver. The others are asset Management Fees.
Who are BlackTORO's main competitors?
Direct peers on record are Andbank and BAC Florida Bank. Broad incumbents are Credicorp Capital, Larraín Vial, BTG Pactual, XP Inc., Itaú Private Bank, JP Morgan Private Bank and UBS Wealth Management. Balanz Capital is listed as a regional player.
Does BlackTORO have an API?
No public API is recorded for BlackTORO.
What industry is BlackTORO in?
BlackTORO's product category is Wealth Management. Its primary akta.pro industry code is FSAAABAD, Advisory Portfolio Management (Non-Discretionary), with a secondary code of FSABADAD, Private Banking Advisory & Discretionary Portfolio Management. Its NAICS code is 523940 and its SIC code is 6282.