Claro Advisors Inc.

RIASEC Registered

Total AUM

$1.4B

Discretionary

$1.4B

98% of AUM

Avg account

$445K

Accounts

3,161

Employees

Advisory reps

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 investment adviser (registered in 2014) that serves both high-net-worth individuals/families and institutional clients. The firm functions as a capital allocator, blending discretionary portfolio management with financial planning and advisory services for pooled investment vehicles. Fee arrangements include percentage-of-AUM billing as well as hourly and fixed-fee engagements. Advisory capabilities listed in regulatory filings cover portfolio management for individuals and small businesses, management of pooled vehicles, pension consulting services, and the selection of other advisers. The firm does not identify as an active ESG investor. Claro Advisors was recognized on FA Magazine’s Top RIA Firms list in 2020.