We are dedicated to providing individuals and other types of clients with a wide array of investment
advisory services. Our firm is a Limited Partnership formed in the State of California. Our firm has
been in business since 2013 and registered as an investment adviser since 2014. Don Garman is the
majority owner of Mirador Capital Partners, LP (“Mirador”)1. The financial industry experience of
our firm’s associates dates back to 1993.
Advisory Services
Comprehensive Portfolio Management:
Our Comprehensive Portfolio Management service encompasses asset management as well as
providing financial planning/financial consulting to clients. It is designed to assist clients in meeting
their financial goals through the use of financial investments. We conduct at least one, but sometimes
more than one meeting (in person if possible, otherwise via telephone conference) with clients in
order to understand their current financial situation, existing resources, financial goals, and tolerance
for risk. Based on what we learn, we propose an investment approach to the client. We may propose
an investment portfolio, consisting of individual stocks or bonds, exchange traded funds (“ETFs”),
options, mutual funds and/or other public and private securities or investments.
Upon the client’s agreement to the proposed investment plan, we work with the client to establish or
transfer investment accounts so that we can manage the client’s portfolio. Once the relevant accounts
are under our management, we review such accounts on a regular basis and at least quarterly. We
may periodically rebalance or adjust client accounts under our management. If the client experiences
any significant changes to his/her financial or personal circumstances, the client must notify us so
that we can consider such information in managing the client’s investments.
Where appropriate, we will recommend that our clients invest in one or more private funds (“Funds”)
sponsored by one or more of our affiliates (the “GP Entities”). The Funds’ investments are managed
by one of our affiliates, TVV Advisers, LLC, which is registered with the SEC as an investment adviser.
Investors in the Funds must be accredited investors, as defined in Rule 501(a) under the Securities
Act of 1933, and must also meet other eligibility standards.
Investment strategies for each Fund may differ depending on the mandate and anticipated
investments for each Fund. The Funds may invest in , among other things, early-stage private
companies and other securities. Investments are not customized for the investment objectives or
needs of individual Fund investors, and individual Fund investors will not have authority to manage
the affairs or investments of any Fund.
Information pertaining to each Fund can be found in the Limited Partnership Agreement,
Subscription Documents, or similar documents for each Fund (collectively, the “Offering
Documents”). Investing in any of the Funds involves significant risks, including the potential loss of
all amounts invested.
Financial Planning & Consulting:
ADV Part 2A – Firm Brochure Page 5 Mirador Capital Partners, LP
Our firm provides a variety of standalone financial planning and consulting services to clients for the
management of financial resources based upon an analysis of current situation, goals, and objectives.
Financial planning services will typically involve preparing a financial plan or rendering a financial
consultation for clients based on the client’s financial goals and objectives. This planning or
consulting may encompass Investment Planning, Retirement Planning, Estate Planning, Charitable
Planning, Education Planning, Corporate and Personal Tax Planning, Cost Segregation Study,
Corporate Structure, Real Estate Analysis, Mortgage/Debt Analysis, Insurance Analysis, Lines of
Credit Evaluation, or Business and Personal Financial Planning.
Written financial plans or financial consultations rendered to clients usually include general
recommendations for a course of activity or specific actions to be taken by the clients.
Implementation of the recommendations will be at the discretion of the client. Our firm provides
clients with a summary of their financial situation, and observations for financial planning
engagements. Financial consultations are not typically accompanied by a written summary of
observations and recommendations, as the process is less formal than the planning service. Assuming
that all the information and documents requested from the client are provided promptly, plans or
consultations are typically completed within 6 months of the client signing a contract with our firm.
Estate Planning:
We offer Estate Planning services in conjunction with Encore Estate Plans for our clients to assist
with general information as it applies to reviews and updates of existing plans, and creation of new
estate planning documents. The fees associated with estate planning related services are separate
and in addition to your ongoing financial planning or advisory fees and are disclosed in Item 5.
Plan Sponsor Retirement Plan Consulting:
Our firm provides Plan Sponsor Retirement Plan Consulting services to employer plan sponsors on
an ongoing basis. Generally, such consulting services consist of assisting employer plan sponsors in
establishing, monitoring and reviewing their company's participant-directed retirement plan. As the
needs of the plan sponsor dictate, areas of advising could include: investment options, plan structure
and participant education.
Plan Sponsor Retirement Plan Consulting services typically
include:
• Establishing an Investment Policy Statement – Our firm will assist in the development of a
statement that summarizes the investment goals and objectives along with the broad
strategies to be employed to meet the objectives.
• Investment Options – Our firm will work with the Plan Sponsor to evaluate existing
investment options and make recommendations for appropriate changes.
• Asset Allocation and Portfolio Construction – Our firm will develop strategic asset allocation
models to aid Participants in developing strategies to meet their investment objectives, time
horizon, financial situation and tolerance for risk.
• Investment Monitoring – Our firm will monitor the performance of the investments and notify
the client in the event of over/underperformance and in times of market volatility.
ADV Part 2A – Firm Brochure Page 6 Mirador Capital Partners, LP
In providing services for Plan Sponsor Retirement Plan Consulting, our firm does not provide any
advisory services with respect to the following types of assets: employer securities, real estate
(excluding real estate funds and publicly traded REITS), participant loans, non-publicly traded
securities or assets, other illiquid investments, or brokerage window programs (collectively,
“Excluded Assets”).
All Plan Sponsor Retirement Plan Consulting services shall be in compliance with the applicable state
laws regulating retirement consulting services. This applies to client accounts that are retirement or
other employee benefit plans (“Plan”) governed by the Employee Retirement Income Security Act of
1974, as amended (“ERISA”). If the client accounts are part of a Plan, and our firm accepts
appointments to provide services to such accounts, our firm acknowledges its fiduciary standard
within the meaning of Section 3(21) of ERISA as designated by the Plan Sponsor Retirement Plan
Consulting Agreement with respect to the provision of services described therein.
Schwab Intelligent Portfolios™ (“SIP”)
Schwab Intelligent Portfolios™ is an advisory program sponsored by Schwab Wealth Investment
Advisory, Inc. (“SWIA”). SWIA is registered as an investment advisor under the Investment Advisers
Act of 1940, as amended, and is a wholly owned subsidiary of The Charles Schwab Corporation
(“CSCorp”), which is a Delaware corporation that is publicly traded and listed on the NASDAQ
(symbol: SCHW). Currently SWIA does not provide investment advisory services outside of SIP.
SIP is an automated investment advisory service. This technology builds, monitors and rebalances
portfolios. Item. SIP offers clients investment strategies that consist of diversified portfolios of ETFs
in a single account that is managed on a discretionary basis. The investment strategies include an
allocation to the SIP Sweep Program (the “Sweep Allocation”). To build and manage portfolios, SIP
uses an advanced algorithm and the professional insight of the Charles Schwab Investment Advisory,
Inc. (“CSIA”) team. Clients will get a diversified portfolio composed of low-cost ETFs—all handpicked
by the CSIA team. Portfolios include up to 20 asset classes across stocks, fixed income, real estate and
commodities, as well as an FDIC-insured cash component for diversification. After the ETFs are
chosen, the CSIA monitors the performance on an ongoing basis to make sure the ETFs continue to
provide consistency and diversity. SIP monitors client portfolios with daily check-ins and, if clients
maintain a balance of at least $5,000, automatically rebalances across up to 20 asset classes, to keep
investments consistent with the selected risk profile. With a SIP account of $50,000 or more, tax-loss
harvesting can be handled automatically once clients enroll in this service.
The cash allocation in SIP will be accomplished through enrollment in the Sweep Allocation. By
enrolling in SIP, clients consent to having the free credit balances in their SIP brokerage accounts
swept to deposit accounts at Charles Schwab Bank through the Sweep Program. Schwab Bank is an
FDIC-insured depository institution affiliated with SWIA, Schwab and CSIA. Deposit balances held in
the Sweep Program at Schwab Bank are eligible for FDIC insurance up to allowable limits. Schwab
acts as the qualified custodian for SIP accounts and provides trade execution and related services for
SIP accounts. CSIA and Schwab are affiliates of SWIA. SIP is only offered online through an interactive
website and mobile application. Clients can communicate with SWIA and Schwab via electronic
channels.
ADV Part 2A – Firm Brochure Page 7 Mirador Capital Partners, LP
Tailoring of Advisory Services
We offer individualized investment advice to clients utilizing our Comprehensive Portfolio
Management services. Additionally, we offer general investment advice to clients utilizing our
Financial Planning & Consulting services. Each client has the opportunity to place reasonable
restrictions on the types of investments to be held in the portfolio such as industry, sector, risk level,
and volatility. Restrictions on investments in certain securities or types of securities may not be
possible due to the level of difficulty this would entail in managing the account. Restrictions would
be limited to our Comprehensive Portfolio Management services.
Participation in Wrap Fee Programs
We do not offer wrap fee programs.
Regulatory Assets Under Management
Our firm only manages assets on a discretionary basis which totaled $668,131,477 as of December
31, 2023.