Dorval provides financial planning, portfolio management for individuals and small businesses, and educational seminars. Financial planning was provided to 500 clients last fiscal year.
Dorval reports 663 clients. They include 573 individual clients and 90 high-net-worth individuals. Of its assets, 90.2% ($337M across 1,141 accounts) are managed with discretion; $36.6M across 584 accounts are not. It advised 9 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 86% | 55% |
| High-net-worth individuals | 14% | 45% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 573 | $206M | 55.1% | $360K |
| High-net-worth individuals | 90 | $168M | 44.9% | $1.86M |
| Total | 663 | $374M | 100% | $564K |
- Clients
- 573
- Regulatory AUM
- $206M
- AUM share
- 55.1%
- Avg. per client
- $360K
- Clients
- 90
- Regulatory AUM
- $168M
- AUM share
- 44.9%
- Avg. per client
- $1.86M
Total
- Clients
- 663
- Regulatory AUM
- $374M
- AUM share
- 100%
- Avg. per client
- $564K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 9
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 500
Dorval is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Project-based financial planning is $500 to $5,000 per plan; limited planning is billed hourly at up to $500 per hour.
Daniel Dorval owns 75% or more of Dorval. The leadership team of Dorval includes President John Chorne and Chief Compliance Officer Daniel Dorval. It has 7 employees, 3 of them in advisory roles.
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 75% or more of Dorval Corporation
Daniel Dorval
Control person · since November 2003
- Owns 10% to 25% of Dorval Corporation
John Chorne
Control person · since January 2007
Dorval’s regulatory assets grew from $255M (March 2024) to $374M (February 2026); clients rose from 596 to 663 and employees from 6 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $374M | 663 | 7 | 2 |
| Feb 2025February 2025 | $308M | 876 | 7 | 2 |
| Mar 2024March 2024 | $255M | 596 | 6 | 2 |
Besides its headquarters, Dorval has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
Minnesota · 1 listed address
- 11242 86th Avenue North, Maple GroveHQ
Contact and registration details
- Legal name
- Dorval Corporation
- Headquarters
- 11242 86th Avenue North, Maple Grove, MN 55369
- Website
- dorvalchorne.com
- Phone
- 612-436-3714
- SEC file
- 801-129114
- Structure
- Minnesota corporation
- Fiscal year end
- December
Dorval’s named custodian for separately managed accounts is Charles Schwab ($337M). Dorval has custody of $8.72M for 22 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $337M100%
At year end, Dorval’s separately managed accounts were mostly in stocks (74%) and funds (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $347M across 49 positions; the largest are SPDR Series Trust (7.7%), SPDR Series Trust (6.7%) and iShares Inc. (6.5%).
What the accounts hold
- Stocks74%
- Funds17%
- Cash2%
- Other6%
- Fixed income,variable annuities, reits, and legacy non-traded positions6%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Dorval have?
Dorval has 663 clients and manages $374 million for them, as of February 2026. They include 573 individual clients and 90 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 February 2026
What services does Dorval offer?
Dorval provides financial planning, portfolio management for individuals and small businesses, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Dorval use?
Dorval’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $337M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 February 2026
How many financial advisors does Dorval have?
Dorval has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Dorval invest in?
At the end of its last fiscal year, Dorval’s separately managed accounts held 74% exchange-traded equities, 17% registered funds (mutual funds, ETFs, BDCs), 6% other and 2% cash and equivalents. The 6% other category is described as: Fixed Income,variable Annuities, Reits, and Legacy Non-Traded Positions.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Dorval?
Dorval’s direct owners are John Chorne (10% to 25%) and Daniel Dorval (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 9 February 2026
How does Dorval get paid?
Dorval is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Dorval?
Dorval’s main office is at 11242 86th Avenue North, Maple Grove, MN 55369. Its phone number is 612-436-3714. Its website is dorvalchorne.com.