{ "crd_number": 160294, "slug": "claro-advisors-inc-boston-ma-160294", "primary_business_name": "CLARO ADVISORS INC.", "legal_name": "CLARO ADVISORS INC.", "dbas": [ "LITCHFIELD FINANCIAL, LLC" ], "city": "Boston", "state": "MA", "country": "United States", "cbsa_code": "14460", "metro": { "cbsa_code": "14460", "common_name": "Boston", "msa_name": "Boston-Cambridge-Newton, MA-NH", "path": "/advisors/ma/boston" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2014-10-08", "years_registered": 11, "period": "2026-10-01", "filing_date": "2026-07-27", "carried_forward": false, "raum_total": 1407659698.0, "raum_discretionary": 1376745142.0, "raum_non_discretionary": 30914556.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 37, "advisory_employees": 18, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 11763581.0, "count": 7 }, "individuals": { "raum": 271293297.0, "count": 730 }, "pension_profit_sharing": { "raum": 29218591.0, "count": 14 }, "high_net_worth_individuals": { "raum": 941213592.0, "count": 362 }, "corporations_other_businesses": { "raum": 154170637.0, "count": 10 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "other", "pension_consulting", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AZ", "CA", "CO", "CT", "FL", "GA", "IL", "LA", "MA", "MD", "ME", "NC", "NH", "NJ", "NY", "OH", "PA", "RI", "SC", "TX", "VA", "VT", "WA" ], "websites": [ "https://claroadvisors.com", "https://claroadvisorspatrickmcnamara.com", "https://facebook.com/CLAROADVISORS", "https://facebook.com/NDVR-Wealth-Optimization-333968334119363", "https://facebook.com/NDVRCapital", "https://facebook.com/NDVRFinance", "https://facebook.com/NDVRFinancial", "https://facebook.com/NDVRInc", "https://facebook.com/NDVRWealth", "https://facebook.com/mcnamaraclaro", "https://instagram.com/ndvr_capital", "https://instagram.com/ndvr_finance", "https://instagram.com/ndvr_financial", "https://instagram.com/ndvr_wealth", "https://instagram.com/ndvr_wealth_management", "https://instagram.com/ndvr_wealth_optimization", "https://instagram.com/ndvrcapital", "https://instagram.com/ndvrfinance", "https://instagram.com/ndvrfinancial", "https://instagram.com/ndvrwealth", "https://instagram.com/ndvrwealthmanagement", "https://instagram.com/ndvrwealthmgmt", "https://instagram.com/ndvrwealthoptimization", "https://jimabbottclaroadvisors.com", "https://linkedin.com/company/claro-advisors-llc-", "https://linkedin.com/company/ndevr-wealth-optimization", "https://linkedin.com/company/ndvr-capital", "https://linkedin.com/company/ndvr-finance", "https://linkedin.com/company/ndvr-financial", "https://linkedin.com/company/ndvr-inc", "https://linkedin.com/company/ndvr-wealth", "https://linkedin.com/company/ndvr-wealth-management", "https://linkedin.com/company/ndvr-wealth-optimization", "https://ndvr.com", "https://paullitchfield.claroadvisors.com", "https://structurednotes.com", "https://substack.com/@lukeharder", "https://taxsavingstrategies.com", "https://threads.net/@ndvrwealthoptimization", "https://twitter.com/NDVRFinance", "https://twitter.com/NDVRinvest", "https://twitter.com/NdvrCapital", "https://twitter.com/NdvrWealth", "https://twitter.com/Wealthoptimiza1", "https://twitter.com/ndvr_inc", "https://twitter.com/ndvrcorp", "https://twitter.com/ndvrfinancial", "https://twitter.com/ndvrwealthmgmt", "https://youtube.com/@brandonp.finkcfp3658", "https://youtube.com/@claroadvisors2542", "https://youtube.com/@claroadvisors724", "https://youtube.com/@claroadvisors9148", "https://youtube.com/channel/UCtFkREU2Aq-DwacdkUfaUaA" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160294", "city_as_filed": "BOSTON", "url": "https://advisorcensus.com/firm/claro-advisors-inc-boston-ma-160294", "display_name": "Claro Advisors Inc.", "summary": "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.", "citation": "AdvisorCensus. Claro Advisors Inc. (CRD 160294): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "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" ], "quick_answers": [ { "q": "How is Claro Advisors Inc. compensated?", "a": "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)." }, { "q": "How much does Claro Advisors Inc. charge?", "a": "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); Hourly rate: $300 an hour (financial planning or consulting services); Subscription: $6,500 a year (financial planning and consulting services); Flat fee: $500 to $2,500 (Estate Planning). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Claro Advisors Inc. located?", "a": "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)." }, { "q": "Is Claro Advisors Inc. registered with the SEC or a state?", "a": "Claro Advisors Inc. is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 160294." }, { "q": "How much does Claro Advisors Inc. manage?", "a": "Claro Advisors Inc. reports $1,407,659,698 in regulatory assets under management in its Form ADV filing dated July 27, 2026 (98% discretionary)." }, { "q": "How have Claro Advisors Inc.'s assets and staff changed since 2021?", "a": "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." }, { "q": "What types of clients does Claro Advisors Inc. serve?", "a": "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)." }, { "q": "Which custodians does Claro Advisors Inc. use?", "a": "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." }, { "q": "Does Claro Advisors Inc. report any disciplinary disclosures?", "a": "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" }, { "q": "Does Claro Advisors Inc. state an account minimum?", "a": "Its Form ADV Part 2A brochure dated July 27, 2026 says: \"Claro generally does not impose a minimum account size for establishing a relationship.\"" }, { "q": "What changed in Claro Advisors Inc.'s recent Form ADV filings?", "a": "In the August 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 588342547.0, "total_employees": 15, "filing_date": "2021-09-17" }, { "period": "2022-10-01", "regulatory_assets_under_management": 762994415.0, "total_employees": 18, "filing_date": "2022-04-06" }, { "period": "2023-10-01", "regulatory_assets_under_management": 787343184.0, "total_employees": 22, "filing_date": "2023-09-14" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1019639439.0, "total_employees": 22, "filing_date": "2024-07-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1283968973.0, "total_employees": 22, "filing_date": "2025-07-01" }, { "period": "2026-10-01", "regulatory_assets_under_management": 1407659698.0, "total_employees": 37, "filing_date": "2026-07-27" } ], "recent_changes": [ { "period": "2026-08-01", "period_label": "August 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-07-01", "period_label": "July 2026", "notes": [ "Registered or notice-filed in CO." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 16 to 18." ] }, { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Registered or notice-filed in MD." ] }, { "period": "2025-12-01", "period_label": "December 2025", "notes": [ "Changed its legal name from Claro Advisors LLC to Claro Advisors Inc..", "Registered or notice-filed in SC." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated July 27, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": "0.5% to 1.5% a year", "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [ "Hourly rate: $300 an hour (financial planning or consulting services)", "Subscription: $6,500 a year (financial planning and consulting services)", "Flat fee: $500 to $2,500 (Estate Planning)" ], "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)" ], "quotes": [ "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." ] }, { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "Claro generally does not impose a minimum account size for establishing a relationship." ] }, { "label": "Planning fee", "statements": [ "Hourly rate: $300 an hour (financial planning or consulting services)" ], "quotes": [ "Claro offers financial planning or consulting services on an hourly basis at a rate of up to $300 per hour or on a fixed fee basis" ] }, { "label": "Planning fee", "statements": [ "Subscription: $6,500 a year (financial planning and consulting services)" ], "quotes": [ "Claro may also offer financial planning and consulting services based on an annual retainer of up to $6,500 a year." ] }, { "label": "Planning fee", "statements": [ "Flat fee: $500 to $2,500 (Estate Planning)" ], "quotes": [ "Estate Planning - Clients are charged a separate flat fee ranging from $500 to $2,500 depending on the complexity and scope of services." ] } ], "values": { "tiers": [], "range_pct": [ 0.5, 1.5 ], "max_pct": null, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [ { "kind": "hourly", "amount": 300.0, "min": null, "max": null, "period": "hour", "service": "financial planning or consulting services" }, { "kind": "subscription", "amount": 6500.0, "min": null, "max": null, "period": "annual", "service": "financial planning and consulting services" }, { "kind": "flat", "amount": null, "min": 500.0, "max": 2500.0, "period": "one_time", "service": "Estate Planning" } ] }, "quotes": [ "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.", "Claro generally does not impose a minimum account size for establishing a relationship.", "Claro offers financial planning or consulting services on an hourly basis at a rate of up to $300 per hour or on a fixed fee basis", "Claro may also offer financial planning and consulting services based on an annual retainer of up to $6,500 a year.", "Estate Planning - Clients are charged a separate flat fee ranging from $500 to $2,500 depending on the complexity and scope of services." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/claro-advisors-inc-boston-ma-160294.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 730, "fewer_than_5": false, "raum": 271293297.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 362, "fewer_than_5": false, "raum": 941213592.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 14, "fewer_than_5": false, "raum": 29218591.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 7, "fewer_than_5": false, "raum": 11763581.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 10, "fewer_than_5": false, "raum": 154170637.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/160294", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }