Wealth manager, independent · Boston, MA
Claro Advisors Inc.
SEC-registered investment adviser · CRD 160294 · SEC 801-80372
At a glance
Claro Advisors Inc. is an SEC-registered investment adviser based in Boston, Massachusetts, with $1.4B in regulatory assets under management as of its Form ADV filed July 27, 2026. It reports 1,092 individual clients, 362 of them high-net-worth, holding an average of about $1.1 million each, and 37 employees. That ranks it 784th among the nation’s 5,657 independent wealth management RIAs and 39th of 202 in Massachusetts. It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab.
Main office 800-604-2838claroadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #784 of 5,657
- Rank among all SEC RIAs
- #4,432 of 17,210
- Rank in Massachusetts
- #39 of 202
- Individual clients
- 1,092
- High-net-worth clients
- 362
- Accounts
- 3,161
- Discretionary
- 98% of AUM
- Employees
- 37
- Advisory staff
- 18
- Offices
- 8
Owners and executives on its Form ADV
- Ryan S. BelangerBoard Member and Chief Executive Officer
- Jennifer C. StreetChief Compliance Officer / Chief Operating Officer
- Michael K. SimonChairman of the Board
- Benedict BrianBoard Member
- Anthony N. DechellisBoard Member
Custody and brokerage
Broker-dealer
No broker-dealer ties
Claro Advisors Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 362 | $941M | 67% |
| Individuals | 730 | $271M | 19% |
| Corporations or other businesses | 10 | $154M | 11% |
| Pension and profit sharing plans | 14 | $29M | 2% |
| Charitable organizations | 7 | $12M | <1% |
Private funds
Claro Advisors Inc. reports 1 private funds with $4M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Claro Advisors Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Pension consulting
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗claroadvisors.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,650 peers of its type and size
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Massachusetts
All of Massachusetts →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Fiduciary Wealth Partners, LLCNewton Lower Falls | $1.5B | 109 |
| Bay Colony AdvisorsConcord | $1.4B | 2,650 |
| Wingate Wealth Advisors, Inc.Lexington | $1.4B | 642 |
| MSA FinancialBraintree | $1.4B | 1,324 |
| Montis Financial, LLCWaltham | $1.3B | 580 |
| Berkshire Money Management, Inc.Dalton | $1.2B | 875 |
Background
Questions
How much does Claro Advisors Inc. manage?
Claro Advisors Inc. reports $1.4B in regulatory assets under management across 3,161 accounts, 98% of it on a discretionary basis, on its Form ADV filed July 27, 2026.
How many clients does Claro Advisors Inc. have?
It reports 1,092 individual clients: 362 high-net-worth individuals and 730 other individuals. Individuals account for about 86% of its regulatory assets.
Where is Claro Advisors Inc. headquartered?
Its main office is in Boston, Massachusetts. It reports 8 offices in total and 37 employees, 18 of whom perform investment advisory functions.
How does Claro Advisors Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Claro Advisors Inc. use?
It reports 2 custodians for its clients’ separately managed accounts: Fidelity and Charles Schwab. On Schedule D of its Form ADV filed July 27, 2026, it reports these amounts held: Fidelity ($1.1B); Charles Schwab ($282M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Claro Advisors Inc. a hybrid RIA with a broker-dealer?
Claro Advisors Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Claro Advisors Inc. a fiduciary?
As an SEC-registered investment adviser, Claro Advisors Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Claro Advisors Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →