El Castillo Investments

El Castillo Investments is a small, privately owned registered investment adviser that provides customized, discretionary portfolio management to a mix of individual investors (including non‑high‑net‑worth and high‑net‑worth clients), business owners, pooled vehicles, pension and profit‑sharing plans, and institutional clients. As of the brochure date the firm reported managing approximately $1.7 million on a discretionary basis for 22 clients, with custody and account statements provided by an independent qualified custodian.

The firm’s investment process is grounded in Modern Portfolio Theory and fundamental analysis, constructing diversified portfolios to align with client objectives such as capital preservation, moderate growth, or aggressive growth, and conducting formal portfolio reviews at least quarterly with ad hoc reviews as needed. El Castillo exercises discretionary trading authority under written agreements and expressly does not implement covered‑call option strategies within client advisory accounts.

A noteworthy aspect of the firm is a proprietary corporate bond program issued directly by the firm and managed separately from advisory accounts; the brochure explains these bonds provide structured monthly income and scheduled principal repayment and that covered‑call activity may be used internally to support those obligations. Combined with the firm’s small asset base and client list, its mix of individual and institutional clients, and its transition from a real estate focus to securities advisory services, these features make its business model atypical among advisers with no active SEC‑registered advisors.