Claro Advisors Inc.

RIASEC RegisteredEst. 2014
Total AUM
$1.4B
Discretionary
$1.4B
98% of AUM
Avg account
$445K
Accounts
3,161
Employees
37
Advisory reps
19

Firm details

Headquarters
Boston, Massachusetts
CRD number
160294
Registered since
October 8, 2014
Website
claroadvisors.com
Custodians
FIDELITY DISTRIBUTORS COMPANY LLC, CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • HNWI66.86%
  • Individuals19.27%
  • Corporations / Businesses10.95%
  • Pension & Profit Sharing Plans2.08%
  • Charitable Organizations0.84%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Pooled Investment VehiclesPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Claro Advisors Inc. is an independent, SEC-registered wealth manager that serves both individual/family and institutional clients. Founded in 2014 as a corporation with individual ownership, the firm acts as a capital allocator and provides multi-service advisory work including financial planning, portfolio management for individuals and small businesses, oversight of pooled investment vehicles, pension consulting, and the selection of outside advisers. Fee arrangements include percentage-of-AUM charging as well as hourly and fixed-fee engagements. Claro Advisors was recognized by FA Magazine in 2020 on a Top RIA Firms list.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 39%, Public Funds/Mutual Funds 38%, Cash & Cash Equivalents 7%, US Government Bonds 5%, Derivatives 4%, Private Funds 3%, State & Local Bonds 2%, Investment Grade Corp Bonds 2%39%
  • Exchange Traded Equities39%
  • Public Funds/Mutual Funds38%
  • Cash & Cash Equivalents7%
  • US Government Bonds5%
  • Derivatives4%

Owners & executives

2 of 2
  • Michael Mullin

    Michael Mullin

    Chief Market StrategistCRD 2825901

  • Jennifer Street

    Jennifer Street

    Chief Operating OfficerCRD 4914254

Contacts

3 of 17
  • Patrick Mcnamara

    Patrick Mcnamara

    Senior Vice President, Financial AdvisorCRD 2672983

  • Michael Kurkulonis

    Michael Kurkulonis

    Wealth AdvisorCRD 5008266

  • Brett Frascati

    Brett Frascati

    Wealth StrategistCRD 5502487

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Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 266

Active vs passive

$537M in ETFs

Passive

80%

$432M

Active

12%

$105M

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD 500 INDEX FUND (VOO)VanguardPassiveLarge Blend$45.2M75,6328.41%
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Location

Primary office

Boston, MA

Suffolk

Location

Boston, MA

Headquartered in Boston, MA, anchoring the Boston-Worcester-Providence, MA-RI-NH-CT metro in the Northeast.

Metro area
Boston-Worcester-Providence, MA-RI-NH-CT
Region
Northeast
County
Suffolk
Address
100 High St
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth