{"url":"https://nivawealth.com/firms/dorval-309512","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/309512","regulatoryAum":373851948,"crd":"309512","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3227625","suffix":null,"lastName":"CHORNE","firstName":"JOHN","middleName":"THOMAS"},{"crd":"2966842","suffix":null,"lastName":"DORVAL","firstName":"DANIEL","middleName":"JAYE"},{"crd":"7301069","suffix":null,"lastName":"JEROME","firstName":"JULIA","middleName":"SHERIANN"},{"crd":"6350825","suffix":null,"lastName":"WOODLY","firstName":"LEAH","middleName":"IRENE"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2024-03-20","regulatoryAum":255192859,"clients":596,"employees":6,"offices":2},{"filedOn":"2025-02-05","regulatoryAum":308433011,"clients":876,"employees":7,"offices":2},{"filedOn":"2026-02-09","regulatoryAum":373851948,"clients":663,"employees":7,"offices":2}],"secFileNumber":"801-129114","legalName":"Dorval Corporation","displayName":"Dorval","slug":"dorval-309512","website":"https://dorvalchorne.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/dorval-&-chorne-financial-advisors","xUrl":"https://twitter.com/DorvalChorne","founded":null,"organization":"Minnesota corporation","fiscalYearEnd":"December","headquarters":{"street":"11242 86th Avenue North","city":"Maple Grove","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55369"},"tradeNames":[],"registration":{"secApproved":"28 November 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":563879.257918552,"staff":{"employees":7,"advisory":3,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":373851948,"discretionary":337210385,"discretionaryAccounts":1141,"nonDiscretionary":36641563,"nonDiscretionaryAccounts":584,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":9},"clientTypes":[{"label":"Individuals (other than HNW)","clients":573,"regulatoryAum":206094246},{"label":"High-net-worth individuals","clients":90,"regulatoryAum":167757702}],"feePrograms":[{"role":"other","program":"Financial Planning","summary":"Project-based financial planning is $500 to $5,000 per plan; limited planning is billed hourly at up to $500 per hour.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007603","versionId":1007603,"submittedOn":"2026-02-09","documentName":"DCFA FORM ADV PART 2 - 20230306"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T10:53:36.59927+00:00","documents":[{"name":"DCFA FORM ADV PART 2 - 20230306","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007603","versionId":1007603,"submittedOn":"2026-02-09"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":337326172}],"custodyNote":"Dorval has custody of $8.72M for 22 clients.","otherCustodians":[],"leadership":[{"name":"John Chorne","title":"Vice President","crd":"3227625"},{"name":"Daniel Dorval","title":"President/Chief Compliance Officer","crd":"2966842"}],"ownership":[{"label":"John Chorne","detail":"Vice president in the 10% to 25% ownership band and a control person, since January 2007."},{"label":"Daniel Dorval","detail":"President/chief compliance officer in the 75% or more ownership band and a control person, since November 2003."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"11242 86th Avenue North","city":"Maple Grove","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"612-436-3714","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Educational seminars/workshops"],"financialPlanningClients":"500","assetMix":[{"label":"Exchange-traded equity securities","percent":74},{"label":"Securities issued by registered investment companies or business development companies","percent":17},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":6,"detail":"Fixed Income,variable Annuities, Reits, and Legacy Non-Traded Positions"}],"privateFunds":0},"sources":{"adv1FilingDate":"9 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/309512/PDF/309512.pdf","brochureDate":"9 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1007603","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Dorval have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Dorval offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Dorval use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Dorval have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Dorval invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Dorval?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Dorval get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Dorval?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 9 February 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/dorval-309512/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-24","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1999144/000199914426000003/0001999144-26-000003-index.html","totalValue":347483218,"positionCount":49,"top10Share":0.5958919806020675,"top10":[{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR PR SP1500","cusip":"78464A805","value":26781907,"shares":294987,"shareType":"SH","priorValue":23120481,"priorShares":292442},{"issuer":"SPDR SERIES TRUST","titleOfClass":"ST STR R1K LOWV","cusip":"78468R804","value":23300909,"shares":128408,"shareType":"SH","priorValue":22442113,"priorShares":126008},{"issuer":"ISHARES INC","titleOfClass":"MSCI GBL MIN 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}