Dorado Wealth Management LLC

ITEM 5: FEES AND COMPENSATION
Fee arrangements are dependent on the type of services provided, which are customized for
each client on a case-by-case basis. In all cases, fee arrangements, including specific rates and
payment plans, will be included in a written agreement executed by Dorado and the client prior
to any services being provided. In the event of termination of the agreement by either the client
or Dorado upon written notice to the other, clients will receive, where applicable, a pro-rated

refund of any prepaid advisory fees which will be based upon actual services and termination
costs incurred up to and at the time of termination of services.
Dorado cannot assign, sell or otherwise transfer a client's investment advisory agreement unless
it has written permission to do so from the client or the client's designated legal representative.
Financial Planning and Consultation Services

At this time Dorado is not providing Financial Planning and Consultation Services. It is something
that they are considering if they determine that the need exists for their clients.
Investment Management

Generally, fees for investment management will be based on a percentage of the assets under
management. Clients will pay an annualized asset-based fee ranging between approximately 1%
and 2.5% based on a sliding scale of assets under management (“Management Fee”). The
management fee will be divided and billed on a quarterly basis. Fees can be charged in advance
or in arrears depending on the specific arrangement. The agreement will automatically renew on
an annual basis unless agreed upon to be a one-time fee. At times, a flat quarterly fee will be
charged instead of one determined solely by the per cent of assets under management when it
is more economical for the client. Fixed fees will be determined on a case-by-case basis and will
be fully disclosed in the client’s Investment Management Agreement Fixed fees will not exceed
3%.
For example:
$10,000 @ 1% = $100 per year in fees, which would be $25 per quarter
$10, 000 @ 2.5% = $250 per year in fees, which would be $62.50 per quarter
Fees are automatically deducted from the client’s managed account upon prior written
authorization by the client to do so. Dorado sends an electronic request to the custodian
indicating the amount of the fee to be paid from the client’s managed account. The client will
receive a statement from the independent custodian at least quarterly which will show the
amount of the advisory fees paid directly to Dorado.
Third-Party Manager Programs

TIM fees usually range from 10 basis points to 60 basis points per annum, which can be higher
than those charged by other management services. TIMs can charge other fees, including
transaction or custodial fees. In all cases, the total fees are disclosed to the client in advance.
Fees are generally payable quarterly and in advance. Clients usually authorize Schwab to debit
both the TIM and Dorado advisory fees which are then sent directly from Schwab to Dorado and
the TIM.
Minimum Investment Amounts Required
Dorado generally imposes a minimum investment amount of $5,000 to establish an Investment
Management account or an account managed on an institutional RIA platform. Dorado imposes

a $5,000 the minimum investment amount for retirement accounts and can accept accounts with
less than $5,000 of assets if Dorado believes that, based on information provided by the client,
investing a lower amount is appropriate for the client and is acceptable to the program sponsor
and custodian.
IARs can impose higher account minimums than those established by Dorado. Accounts cannot
be aggregated to meet program minimums. You should consult with your IAR to determine the
required account minimum.
Sponsors of the TIM programs are responsible for determining account minimums and whether
such minimums are negotiable. If an account minimum is not established by the TIM, Dorado can
suggest a minimum based on the specific investment service.
Other Fee Considerations

Dorado’s fees are exclusive of brokerage commissions, transaction fees and other related costs
and expenses incurred by the client unless otherwise noted. Clients can incur certain charges
imposed by custodians, brokers, third-party investment and other third-parties such as fees
charged by managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes,
wire transfer and electronic fund fees and other fees and taxes on brokerage accounts and
securities transactions. Mutual funds and ETFs also charge internal management fees, which are
disclosed in the fund’s prospectus. Such charges, fees and commissions are exclusive of and in
addition to Dorado’s fee and unless otherwise disclosed to clients. Dorado does not receive any
part of mutual fund or ETF fees. ETFs and Mutual funds have internal fees that are included in
the offering price.
If an IAR recommends that an advisory client open a separate account for transactional business
at a brokerage firm, such as Western, those assets would not be charged an advisory fee. The IAR
in his/her role as a Registered Representative can receive commissions on those transactions but
cannot include those assets when calculating advisory fees. This is a conflict of interest because
the IAR has an incentive to advise the client based upon the compensation they receive. Accounts
will be reviewed to ensure that the type of account (Advisory vs. Brokerage) are in the client’s
best interest. Prior to transacting any securities or advisory business, the IAR must disclose the
fee structure and the commission structure to the client so that he/she can evaluate the
compensation arrangement and make an informed decision.
IAR generally do not purchase products with commissions or trailers in an advisory account. Any
such transactions would require that the client be notified in writing prior to the transaction
being executed and the client would have to provide informed consent.
...

ITEM 7: TYPES OF CLIENTS

Dorado provide investment Advice to the following types of clients:

•   Individuals
•   High-Net Worth Individuals
•   Investment Companies
•   State or Municipal Government
•   Pension and Profit-Sharing Plans
•   Trusts, Estates, or Charitable Organizations
•   Pooled Investment Vehicles
•   Corporations or Other Businesses Not Listed

All clients are required to execute a written agreement for services with Dorado.