BlackToro

Wealth Management you've never experienced before

In today’s challenging and complex environment, we offer comprehensive investment management services without conflict of interests to help you carry out your mission.

Who we are

FOCUS ON INVESTMENTS

BlackTORO is an independent, highly-specialized registered investment advisory firm operating within the US regulatory framework. Our main offices are strategically located on Brickell Avenue, in the heart of Miami’s financial district. At our core, we are an international team of investment professionals focused exclusively on providing tailor-made advice, differentiated products, rigorous analysis, and portfolio management to our clients.

At BlackTORO our highly-experienced global professional investment team relies upon macroeconomic analysis as the foundation of our market outlook, portfolio positioning, and asset allocation. We firmly believe that our unique approach to the markets will help our clients achieve their medium and long-term financial objectives over a full market cycle

CLIENTS AS PARTNERS

First and foremost, BlackTORO’s primary objective is to put our clients’ interests first, placing them at the center of all of what we do. Our clients can rest assured that not only do we work with them as investment professionals, but we also partner with them to reach their investment goals.

As a boutique hands-on firm, we take the time and effort to understand the individual needs of each and every one of our client partners, regardless of size. All of our clients are equally important to us. Additionally, BlackTORO’s talented and experienced team is able to represent our clients in their relationship with their service providers and advocate on their behalf as independent advisors without any financial conflict of interests and with fiduciary duty to them. We also provide our clients with a straightforward and innovative pricing model that is easy to understand.

We strive to forge long-term, high-quality relationships with our clients and are able to maintain our standards through accepting only a select number of clients to be our partners. Our products and services are highly customized to the needs of each individual clientpartner, and are priced competitively, which allows us to focus on what matters most, forging a long-term partnership whose interests all point in the same direction.

We are constantly attentive to our clients’ needs and are highly responsive to any individual change in the client’s objectives, as well as any material change in the global economic outlook. But there is one thing that will never change– our commitment to our clients. Our clients are our most important asset. Their success is our success. We remain at their side at all times– good and challenging– because we know they would never accept anything less– and because we would never either.

OTHER ANCILLARY SERVICES

Third party asset management introduction.

Outsourced Chief Investment Officer (OCIO).

Structured and alternative product idea generation.

White-labeled products sub-advised by BlackTORO.

According to their needs, we are able to make client introductions to the best global financial services platform providers.

What we do

MACRO-BASED STRATEGIES

PORTFOLIO CONSTRUCTION

At BlackTORO we invest our portfolios based on global economic cycles over a medium to long term investment horizon. To this end, we have built a macro team that follows a broad set of economic and financial indicators in major economies around the globe which provide valuable inputs to our asset allocation. We do not rely on pre-ordained quantitative models, but rather use these economic indicators as a guide for our portfolio management team to construct the portfolios.

Once we’ve determined the macro-outlook regarding a specific portfolio strategy, we analyze financial factors such as valuation, momentum, liquidity flows and investor sentiment to create an optimum asset allocation. Then, we select the best-in-class mutual funds whose strategies and manager biases are fully aligned with our core holdings, overlaid with tactical ETF’s if necessary

What we do

MACRO-BASED STRATEGIES

PORTFOLIO CONSTRUCTION

What makes us different

Diverse investment committee

We are a global investment committee, with members drawing from experience on the buy-side, sell-side, macro, and portfolio management across the US domestic, US offshore, and Latin America regions. We hold daily market calls and weekly asset allocation meetings. This also allows us to analyze longer term trends such as demographics and factor-based investing

Strong risk management focus – Risk committee

We construct our portfolios to manage risk, not just to seek return. Our independent risk committee meets weekly and monitors risk for our portfolios based on VaR (Value at Risk) budgets, volatility constraints, max drawdown analysis, and scenario analysis. Our underlying investments are not only analyzed based on individual risks but also their historical correlations to other underlying portfolio investments to optimize the risk-return profile.

Fund Selection

We base our fund selection not only on historical performance and quantitative factors, but also on the compatibility of the fund regarding our own economic and financial views. In other words, we select a fund when we understand that the fund managers are aligned with our views in order to maximize value to the overall portfolio strategy.

We do not rely solely on large fund families, but rather seek out boutique firms that are experts in certain asset classes or regions that are nimble enough to provide consistent alpha across the entire market cycle. Therefore, we invest having deep knowledge of underlying funds, the portfolio management team, and style.

Overlay core holdings with tactical ETF’s based on our economic views.

Investment Process

Strategic Asset Allocation

Our investment process begins with a strategic asset allocation based on the strategy’s long-term risk return profile and includes exposure to major asset classes (primarily equity and fixed income, but also in liquid alternatives, preferred stocks, high dividend stocks and strategies with options and other derivatives) . This serves us as a “neutral” portfolio and as a benchmark.

Tactical Asset Allocation

Our tactical asset allocation is based on our macroeconomic model and financial valuation model.

Our economic model is developed by our macro team to forecast economic cycles in major regions around the world and is rooted in a general equilibrium model based on fund flows in major global economies, and more specifically, its impact on financial markets.

On a weekly basis, our economic and investment teams analyze individual indicators based on their current levels vis-à-vis their historic trends, as well as vis-à-vis their peers in other economies, which gives our portfolio managers guidance in terms of potential trends, risks, opportunities, and inflexion points in the global economy and international fund flows.

Valuation monitors are also used as a major input to the overall allocation. The investment analysts and portfolio managers use a proprietary valuation model to assess sectors, regions, and major indices valuations, both on a historical and relative basis. With this analysis, our managers select underlying investments portfolio weights to rebalance the strategies.

Investment Process

Strategic Asset Allocation

Our investment process begins with a strategic asset allocation based on the strategy’s long-term risk-return profile and includes exposure to major asset classes (primarily equity and fixed income, but also in liquid alternatives, preferred stocks, high dividend stocks and strategies with options and other derivatives) . This serves as a “neutral” portfolio and as a benchmark.