Dorado Wealth Management LLC

Dorado Wealth Management LLC is an SEC-registered investment adviser that provides portfolio management and advisory services to individuals (including high-net-worth clients), corporations and 401(k) participants, and indicates plans to add pension funds, financial institutions and charitable organizations. The firm delivers investment management through client agreements and also facilitates access to third-party investment managers (TIMs) on the Schwab platform.

The firm gathers client objectives and maintains both discretionary and non-discretionary arrangements, but a substantial majority of assets are managed on a non-discretionary basis — the brochure reports $268,769,992 in AUM as of December 31, 2025, with about $41.3 million discretionary and $227.5 million non-discretionary — meaning many trades are executed only after consulting clients. Dorado’s investment process incorporates fundamental and technical analysis, asset allocation guidance, periodic reviews (generally quarterly), and the use of TIMs for specialized strategies, with custodial and execution services routed through Charles Schwab.

What is notable relative to peers is the firm’s predominantly non-discretionary asset base, which contrasts with the more common discretionary AUM model among similar firms; Dorado also frequently employs third-party managers via Schwab rather than exclusively managing all portfolios in-house. Additional operational features that may be relevant to prospective clients include the firm’s use of Schwab-provided custodial and technology services, the availability of TIM programs with separate fee arrangements, and the fact that Dorado does not vote client proxies.