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
22

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 registered investment adviser that entered SEC registration in 2014. The firm operates as a capital allocator for both individual/family and institutional clients, offering financial planning, portfolio management for individuals and pooled vehicles, pension consulting and manager selection. Its fee model is flexible, combining AUM-based fees with hourly and fixed-fee engagements. Claro does not present itself as an active ESG investor. The firm is structured as a corporation with domestic ownership and markets both discretionary and non-discretionary solutions. Claro has been recognized in the industry: it appeared on FA Magazine’s Top RIA Firms list in 2020.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

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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

3 of 4
  • Michael Mullin

    Michael Mullin

    Chief Market StrategistCRD 2825901

  • Michael Simon

    Michael Simon

    CEOCRD 7291833

  • Anthony Dechellis

    Anthony Dechellis

    Chief Executive OfficerCRD 1342685

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Contacts

3 of 18
  • 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

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Recent M&A activity

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Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 288

Active vs passive

$643M in ETFs

Passive

79%

$509M

Active

13%

$134M

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD 500 INDEX FUND (VOO)VanguardPassiveLarge Blend$59.8M87,0309.30%
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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