# Toro West Capital Advisors

> Toro West Capital Advisors is an SEC-registered investment advisory firm in Louisville, CO, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 2, 2026.

- CRD: 331265
- Filed as: TORO WEST CAPITAL ADVISORS
- Legal name: Toro West Capital Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Louisville, CO
- Filing period: October 2026
- Form ADV filing dated: April 2, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/331265
- AdvisorCensus page: https://advisorcensus.com/firm/toro-west-capital-advisors-louisville-co-331265

## Quick answers

**How is Toro West Capital Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Toro West Capital Advisors reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Toro West Capital Advisors located?**
Toro West Capital Advisors' principal office is in Louisville, CO, according to its Form ADV.

**Is Toro West Capital Advisors registered with the SEC or a state?**
Toro West Capital Advisors is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 331265.

**How much does Toro West Capital Advisors manage?**
Toro West Capital Advisors reports $245,672,052 in regulatory assets under management in its Form ADV filing dated April 2, 2026 (68% discretionary).

**How have Toro West Capital Advisors' assets and staff changed since 2024?**
In the Form ADV data for Toro West Capital Advisors: Regulatory assets under management: $0 in the October 2024 data and $245,672,052 in the October 2026 data. Total employees: 4 in October 2024 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Toro West Capital Advisors serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (17); individuals (other than high net worth individuals) (4).

**Which custodians does Toro West Capital Advisors use?**
Toro West Capital Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Toro West Capital Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/331265

**Does Toro West Capital Advisors state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Toro West does not impose a minimum portfolio size or a minimum initial investment to open an investment management services account."

**What changed in Toro West Capital Advisors' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $208,315,075 to $245,672,052 (+18%). Registered or notice-filed in TX.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> Toro West does not impose a minimum portfolio size or a minimum initial investment to open an investment management services account.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $245,672,052
- Discretionary: $166,153,683
- Non-discretionary: $79,518,369

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 4 | $2,651,334 |
| High net worth individuals | 17 | $243,020,718 |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | Not reported |
| Charitable organizations | Fewer than 5 | Not reported |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | Fewer than 5 | Not reported |
| Other | 0 | Not reported |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2024 (2 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- torowestcapital.com
- LinkedIn @toro-west-capital-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $0 | 4 | May 15, 2024 |
| October 2025 | $208,315,075 | 4 | April 14, 2025 |
| October 2026 | $245,672,052 | 4 | April 2, 2026 |

Regulatory assets under management: $0 in the October 2024 data and $245,672,052 in the October 2026 data.
Total employees: 4 in October 2024 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $208,315,075 to $245,672,052 (+18%).
- Registered or notice-filed in TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Toro West Capital Advisors (CRD 331265): Form ADV filing data as of October 2026.