Patrick Mcnamara
Patrick Mcnamara is a CFP-designated registered investment advisor at Claro Advisors INC., based in Boston, MA, with 29 years of industry experience. Patrick operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 999 clients with $1.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Claro Advisors charges a percentage of your portfolio's value each year for investment management. This fee ranges from 0.50% to 1.50% depending on the complexity of the services, the amount you invest, and your overall relationship with Claro. Fees are negotiable. Certain legacy clients are not subject to this fee range. The fee does not include brokerage and custody fees.
Location
100 High Street, Suite 950, Boston, MA, 02110
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Regulatory History (1)
Employment Separation After Allegations
October 2019Other Business ActivitiesSells Insurance
Patrick is an independent insurance agent working from the same location as his advisory business. The filing does not specify the types of insurance sold or time commitment.
Employment History
Current Registrations
Claro Advisors INC.
Previous Registrations
Morgan Stanley
Morgan StanleyBroker
Morgan Stanley & CO. Incorporated
Morgan Stanley & CO. IncorporatedBroker
Morgan Stanley
Morgan Stanley Dw INC.Broker
Goldman, Sachs & CO.Broker
Fidelity Brokerage Services, INC.Broker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.