Claro Advisors

Retirement Planning Firm in Boston, MA

Firm Info
Address: 100 High St Suite 950, Boston, MA 02110, USA
Phone: (800) 604-2838

Firm Size
Assets Under Management: $763 million
# of Advisors: 14
# of Clients: 2,115
Client to Advisor Ratio: 151:1
Average Account Size: $360,754
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Pension Consulting Services
  • Selection of Others Advisors
  • Other

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans
  • Charitable Organizations
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

Get Connected with a Financial Advisor

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Claro Advisors, LLC Overview

CLARO ADVISORS, LLC is a registered investment advisory firm that provides investment advice to individuals and small businesses. Since its inception in 2014, the firm has garnered an impressive reputation for offering a wide range of financial planning services, portfolio management, pension consulting, and selection of other advisors. The firm's clients are typically investors who are seeking personalized investment strategies and advice that are tailored to their unique needs. CLARO ADVISORS, LLC operates on a fee-only basis, meaning that the clients pay a fixed percentage of their assets under management. This fee structure ensures that the advisory firm's interests are aligned with those of its clients, as the company does not receive any commission or third-party kickbacks for recommending certain investment products or services. Additionally, this fee-only arrangement eliminates conflicts of interest that may arise when financial advisors receive commissions for selling specific financial products. Clients who work with CLARO ADVISORS, LLC have access to a team of experienced financial professionals who offer comprehensive financial planning and portfolio management services. The firm's pension consulting services are geared toward helping clients make informed decisions about their retirement plans. The firm's selection of other advisors helps investors who require specialized financial expertise beyond the firm's offerings gain access to top-rated advisors in the industry. Finally, CLARO ADVISORS LLC offers consulting services to clients who require expert financial advice regarding complex financial matters, such as estate planning or business valuations.

As a reputable wealth management firm, CLARO ADVISORS, LLC caters to a diverse range of clientele. From individuals seeking financial guidance to high net worth individuals managing their portfolios, the firm offers customized advice to meet the unique needs of each client. CLARO ADVISORS, LLC also serves pension or profit sharing plans, charitable organizations, as well as other corporate structures. With extensive experience in the industry, the firm has the skills to handle complex financial situations and deliver success to clients from varying backgrounds. In terms of fee structures, CLARO ADVISORS, LLC provides multiple options depending on the type of service required. The firm offers a percentage of assets under management (AUM) fee structure, which calculates fees based on the value of assets managed. For clients who require occasional advisory services, the firm provides an hourly fee structure, charged for the time spent discussing financial matters. CLARO ADVISORS, LLC also offers fixed fees, charged for specific projects or services such as tax preparation or estate planning. Whatever the service, CLARO ADVISORS, LLC ensures that the fee charged is transparent, fair, and always in the best interest of the client.

Typical Clients, Fee Structures & Investment Minimum

According to the Part 2 Brochure of Claro Advisors, LLC, the firm does not mention an investment minimum.

How This Office Can Help Boston, MA Residents

Claro Advisors is a financial planning and investment management firm that is dedicated to assisting clients in the Boston, MA area. The team at Claro Advisors understands that the financial situations of their clients can vary widely. Some clients may be looking to create a long-term investment strategy, while others may need help managing debt or planning for retirement. They work closely with their clients to understand their unique financial goals and create personalized plans to achieve these goals. For individuals and families living in Boston, MA, Claro Advisors can provide a range of financial services. For example, clients may be facing high living costs due to the city's notoriously expensive housing market. Claro Advisors can assist with budgeting and creating a plan to save for a down payment on a home or to pay off existing mortgage debt. They can also help clients navigate the complexities of employer-sponsored retirement plans, which can be particularly valuable for Boston residents who may be employed in the tech, healthcare, or higher education industries.

To view the Minimum Investment and Fee Schedule for Claro Advisors, LLC, visit their Part 2 Brochure.

Services Offered by Claro Advisors, LLC

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Claro Advisors, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 100 High St Suite 950, Boston, MA 02110, USA
Phone (800) 604-2838
Directions
Google My Business Reviews:
5 Stars

Other Office Locations

Firm Headquarters
Firm headquarters location 100 HIGH STREET, SUITE 950, BOSTON, MA 2110, United States

This firm has no other locations.

State Registrations

Claro Advisors, LLC is registered to service clients in the following states:

  • Arizona
  • California
  • Connecticut
  • Florida
  • Louisiana
  • Maine
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • North Carolina
  • Rhode Island
  • Texas
  • Virginia
  • Washington

Disciplinary History

Claro Advisors, LLC does not have any disclosures. Please visit it's Form ADV for more details.