AdvisorCensus / Financial advisors / Massachusetts / Boston / Claro Advisors Inc.
Claro Advisors Inc. is an SEC-registered investment advisory firm in Boston, MA, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 27, 2026.
Quick answers
From the filingHow is Claro Advisors Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Claro Advisors Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).
What does Claro Advisors Inc.'s brochure say about its fees?
Its Form ADV Part 2A brochure dated July 27, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Claro Advisors Inc. located?
Claro Advisors Inc.'s principal office is in Boston, MA, according to its Form ADV; the August 2026 filing also lists 4 other offices (Schedule D, Section 1.F).
Is Claro Advisors Inc. registered with the SEC or a state?
Claro Advisors Inc. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 160294.
How much does Claro Advisors Inc. manage?
Claro Advisors Inc. reports $1,407,659,698 in regulatory assets under management in its Form ADV filing dated July 27, 2026 (98% discretionary).
How have Claro Advisors Inc.'s assets and staff changed since 2021?
In the Form ADV data for Claro Advisors Inc.: Regulatory assets under management: $588,342,547 in the October 2021 data and $1,407,659,698 in the October 2026 data, up 139%. Total employees: 15 in October 2021 and 37 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Claro Advisors Inc. serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (730); high net worth individuals (362); pension and profit sharing plans (but not the plan participants or government pension plans) (14).
Which custodians does Claro Advisors Inc. use?
Claro Advisors Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Claro Advisors Inc. report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160294
Does Claro Advisors Inc. state an account minimum?
Its Form ADV Part 2A brochure dated July 27, 2026 says: "Claro generally does not impose a minimum account size for establishing a relationship."
What changed in Claro Advisors Inc.'s recent Form ADV filings?
In the August 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)
The brochure's wording
Claro charges an annual investment advisory fee ranging from 0.50% to 1.50% of assets under management, depending on the scope of services, complexity of the relationship, level of assets to be managed, portfolio restrictions, reporting requirements, and overall relationship with the Advisor.
Account minimum: None
The brochure's wording
Claro generally does not impose a minimum account size for establishing a relationship.
As stated in the firm's Form ADV Part 2A brochure dated July 27, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$1,407,659,698 as of October 2026, filing dated July 27, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other
Registration and firm details
Items 1, 2, 5- Also doing business as
- LITCHFIELD FINANCIAL, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2014 (11 years)
- Employees
- Total: 37. Performing investment advisory functions: 18.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
4 other offices, as of the August 2026 filing
- States registered or notice-filed
-
23 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $1,407,659,698 | 37 | July 27, 2026 |
| October 2025 | $1,283,968,973 | 22 | July 1, 2025 |
| October 2024 | $1,019,639,439 | 22 | July 25, 2024 |
| October 2023 | $787,343,184 | 22 | September 14, 2023 |
| October 2022 | $762,994,415 | 18 | April 6, 2022 |
| October 2021 | $588,342,547 | 15 | September 17, 2021 |
Regulatory assets under management: $588,342,547 in the October 2021 data and $1,407,659,698 in the October 2026 data, up 139%.
Total employees: 15 in October 2021 and 37 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- August 2026
- Updated its list of owners and control persons (Schedule A).
- July 2026
- Registered or notice-filed in CO.
- April 2026
- Employees performing advisory functions went from 16 to 18.
- February 2026
- Registered or notice-filed in MD.
- December 2025
- Changed its legal name from Claro Advisors LLC to Claro Advisors Inc..
- Registered or notice-filed in SC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Claro Advisors Inc. (CRD 160294): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/claro-advisors-inc-boston-ma-160294