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Nicholas Desousa

Claro Advisors INC.
20 Years of Experience
Narragansett, RI
Sells Insurance
View SEC Summary
View SEC Summary

Nicholas Desousa is a registered investment advisor at Claro Advisors INC., based in Narragansett, RI, with 20 years of industry experience. Nicholas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Business Owners, Charitable Giving, Corporate Executives, and 9 more. Their firm serves 1,123 clients with $1.4B in assets under management.

Claro Advisors INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
20 advisors
Number of Clients
1,123 clients
Average Client Portfolio
$1.3M average
Assets Under Management
$1.4B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any1.50%

Annual advisory fees range from 0.50% to 1.50% based on complexity, asset level, and services. Fees are negotiable at the firm's discretion.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

750 Boston Neck Rd, Ste 9, Narragansett, RI, 02882

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Nicholas is a licensed insurance agent, spending about 10% of his time on insurance sales and implementation of recommendations. He also has a passive ownership stake in Scarborough Landscaping and serves as a board member and treasurer for the Narragansett Chamber of Commerce, each taking minimal time.

Employment History
Current Registrations
Claro Advisors INC.
February 2025 - Present · 1 yr 8 mos
Previous Registrations
Moneco Advisors
December 2019 - January 2025 · 5 yrs 1 mo
LPL Financial LLCBroker
December 2019 - December 2021 · 2 yrs
Mjp Wealth Advisors
March 2018 - November 2019 · 1 yr 8 mos
Wells Fargo Clearing Services, LLC
July 2014 - March 2018 · 3 yrs 8 mos
Wells Fargo Clearing Services, LLCBroker
July 2014 - March 2018 · 3 yrs 8 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
October 2009 - July 2013 · 3 yrs 9 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
October 2009 - July 2013 · 3 yrs 9 mos
Banc of America Investment Services, INC.
January 2007 - October 2009 · 2 yrs 9 mos
Banc of America Investment Services, INC.Broker
April 2005 - October 2009 · 4 yrs 6 mos
State Registrations1 state
RI
Advisor

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.

Exams
No exam information available for this advisor.
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