Nicholas M. Desousa

CLARO ADVISORS

Narragansett, RI 02882

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CRD#: 4926509

Professional summary

Nicholas Mannuel Desousa, who also goes by Nick Desousa, is a registered financial advisor currently at CLARO ADVISORS INC. located in Narragansett, Rhode Island.

Nicholas is registered as an IAR (Investment Advisor Representative) and started their career in finance in 2005. Nicholas has worked at 7 firms and has passed the Series 66, Series 63, SIE, Series 7 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Nick Desousa

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

1) Licensed insurance agent; Not investment-related; Same address; Insurance sales; Implementation of insurance recommendations; Approx. 10% of time during the month. 2) Majic LLC dba Scarborough Landscaping; Not investment-related; PO Box 591, Wakefield, RI. 02882; Part owner; Passive investment in landscaping company; Less than 5% of time during the month. 3) Narragansett Chamber of Commerce; Not investment-related; 36 Ocean Rd, Narragansett, RI. 02882; Board Member and Treasurer; Review financials and report to board, assist with event planning; Less than 5% of time during the month.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Nicholas Mannuel Desousa's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Current

February 3, 2025 - Present

CLARO ADVISORS INC.

Office #1: 750 Boston Neck Rd Ste 9, Narragansett, RI 02882

RIA

CRD#: 160294

Narragansett, RI

Past

December 6, 2019 - January 31, 2025

MONECO ADVISORS

RIA

CRD#: 171922

Narragansett, RI

Past

December 5, 2019 - December 31, 2021

LPL FINANCIAL LLC

CRD#: 6413

FAIRFIELD, CT

Past

March 20, 2018 - November 1, 2019

MJP WEALTH ADVISORS

RIA

CRD#: 127654

Westport, CT

Past

July 31, 2014 - March 27, 2018

WELLS FARGO CLEARING SERVICES, LLC

RIA

CRD#: 19616

GREENWICH, CT

Past

July 30, 2014 - March 27, 2018

WELLS FARGO CLEARING SERVICES, LLC

CRD#: 19616

GREENWICH, CT

Past

October 23, 2009 - July 18, 2013

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

RIA

CRD#: 7691

NEW YORK, NY

Past

October 23, 2009 - July 18, 2013

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

CRD#: 7691

NEW YORK, NY

Past

January 19, 2007 - October 23, 2009

BANC OF AMERICA INVESTMENT SERVICES, INC.

RIA

CRD#: 16361

NEW YORK, NY

Past

April 25, 2005 - October 23, 2009

BANC OF AMERICA INVESTMENT SERVICES, INC.

CRD#: 16361

NEW YORK, NY

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

CLARO ADVISORS INC.

CLARO ADVISORS INC. | LITCHFIELD FINANCIAL, LLC | CLARO ADVISORS, LLC | CLARO ADVISORS LLC

CRD#: 160294 / SEC#: 801-80372

RIA

Registered Investment Advisory firm - (10/8/2014 Approved)

Massachusetts

Registered Investment Advisory firm - (10/16/2014 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

Highlighted states indicate IAR registrations

IAR

Rhode Island
(2/3/2025)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 66

Date: 1/17/2007

Uniform Combined State Law Examination

State Security Law Exam

Series 63

Date: 5/27/2005

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 3/27/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 4/22/2005

General Securities Representative Examination

Principal/Supervisory Exam

Series 24

Date: 8/14/2006

General Securities Principal Examination

Current Firm

CLARO ADVISORS INC.

CLARO ADVISORS INC. | LITCHFIELD FINANCIAL, LLC | CLARO ADVISORS, LLC | CLARO ADVISORS LLC

CRD#: 160294 / SEC#: 801-80372

RIA

Registered Investment Advisory firm - (10/8/2014 Approved)

Massachusetts

Registered Investment Advisory firm - (10/16/2014 Terminated)

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Contact information

Main Address

100 High Street Suite 950, Boston, MA 02110

Mailing Address

Phone number

(800) 604-2838

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (20 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

CLARO ADV PART 2A (10/31/2025)

Regulatory assets under management

Total Number of Accounts	3,371
AUM (Assets Under Management)	$ 1,283,968,973

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Nicholas M. Desousa

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Nicholas Mannuel Desousa's CRS (Customer Relationship Summary).

Certified licenses

Experience

MONECO ADVISORS

LPL FINANCIAL LLC

MJP WEALTH ADVISORS

WELLS FARGO CLEARING SERVICES, LLC

WELLS FARGO CLEARING SERVICES, LLC

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED

BANC OF AMERICA INVESTMENT SERVICES, INC.

BANC OF AMERICA INVESTMENT SERVICES, INC.

Primary Firm SEC Registration

CLARO ADVISORS INC.

State Registrations and Notice Filings

Exams

Series 66

Date: 1/17/2007

Series 63

Date: 5/27/2005

SIE

Date: 3/27/2018

Series 7

Date: 4/22/2005

Series 24

Date: 8/14/2006

Current Firm

CLARO ADVISORS INC.

Contact information

SEC notice filing (20 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

CLARO ADVISORS INC.

TRUST BUT VERIFY

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