SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Claro Advisors Inc.
Boston, MA
CRD 160294
Firm filing updated July 27, 2026 ·
- $1.4BAssets
- 1,123Clients
- 18Advisory staff
- 3,161Accounts
Fees and minimums
- Hourly feesAsk the firm for the rate
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesYes
- Fixed feesYes
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals730
- High net worth individuals362
- Pension and profit sharing plans14
- Corporations or other businesses10
- Charities7
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 730 | $271.3 million |
| High net worth individuals | 362 | $941.2 million |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 14 | $29.2 million |
| Charitable organizations | 7 | $11.8 million |
| Corporations or other businesses not listed above | 10 | $154.2 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 6 services
- Pension consulting services
- Selection of other advisors (including private fund managers)
- Other: "CONSULTING, ESTATE PLANNING"
- 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 advisors (including private fund managers)
- Other: "CONSULTING, ESTATE PLANNING"
Assets and accounts
- Regulatory assets$1.4 billion
- Accounts3,161
- Discretionary$1.4 billion · 3,146 accounts
- Non-discretionary$30.9 million · 15 accounts
People
- Employees37
- Advisory staff18
- Broker-dealer reps0
- Licensed insurance agents7
- Planning clients51 to 100
Advisors
11 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 160294, SEC file 801-80372.
- Registered with the SEC as an investment advisor (status date on record: October 8, 2014).
Is Claro Advisors Inc. a fiduciary?
Short answer: Claro Advisors Inc. is registered with the SEC as an investment advisor. Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
7 staff are licensed insurance agents.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.