Retirees & Pre-Retirees
You've spent decades building your nest egg. Patrick helps you build an income plan designed to last, manage market risk, and retire with clarity and confidence
Claro Advisors
Patrick McNamara
Patrick McNamara, CFP® brings 30+ years of experience — and a different kind of thinking — to help retirees and pre-retirees work to protect their wealth, pursue tax efficiency, and build toward retirement with real confidence.
About your advisor
- CFP®
Patrick McNamara
First VP, Wealth Manager
Patrick McNamara, CFP® came to financial planning the way many advisors do — with a genuine belief that people deserve better. After launching his career at Fidelity and Goldman Sachs and spending 19 years building a successful practice at Morgan Stanley, he joined Claro Advisors to do things differently.
Today, Patrick works primarily with retirees, pre-retirees, high earners, and business owners — helping them navigate the years where the stakes are highest. His work centers on three things: predictable retirement income, meaningful tax reduction, and helping protect portfolios from the kind of losses that set people back.
Patrick holds a BS in Business Administration from SUNY Oswego and an MBA from Boston College's Carroll School of Management. He lives in Scituate, MA with his wife Kerry and their three children.
clients
Who We Work With
High Earners
When income is high, so is your tax exposure. Patrick builds proactive tax strategies designed to help you keep more of what you earn working for you.
Business Owners
From 401(k) and profit sharing to cash balance plans, Patrick helps business owners pursue retirement savings opportunities and works to reduce their tax burden.
Affluent Families
Wealth that lasts takes more than good investing. Patrick works with families on estate planning coordination, tax efficiency, and long-term legacy.
process
How We Work Together
A clear process, a real plan, and an advisor who stays with you every step of the way.
01
Discover
We start by listening. Patrick takes the time to understand your goals, your concerns, and what a successful retirement actually looks like for you — before any advice is given.
02
Build the Plan
You receive a written financial plan covering investments, retirement income, tax strategy, estate planning, and more. No boilerplate — every plan is built around your specific picture.
03
Implement
Patrick walks you through every step of putting the plan into action — from portfolio construction and tax planning to retirement income structuring and coordination with your other advisors.
04
Monitor & Adapt
Life changes. Markets change. Your plan stays current. Patrick meets with clients regularly and is always accessible — so adjustments are made on an ongoing basis as your life and market conditions evolve.
FAQs
Common Questions
What types of clients do you work with?
Patrick works primarily with retirees, pre-retirees, high earners, and business owners — typically those with $100,000 or more in investable assets. His clients are smart, family-oriented people who have worked hard to build their wealth and want a trusted advisor to help them protect it, grow it, and make it last.
Are you a fiduciary?
Yes, Claro Advisors is a fee-only, fiduciary RIA — which means we're compensated only by our clients, never by commissions or product sales. Our fees are based on assets under management, and that fee covers comprehensive financial planning, investment management, and ongoing access to your advisor. Additional costs may apply, including custodial fees, fund-level expenses, or third-party manager fees, depending on your portfolio. Patrick will walk you through the full fee structure in our first conversation. Our full fee schedule is described in our Form ADV Part 2A, available at https://adviserinfo.sec.gov/firm/summary/160294 or upon request.
What does your planning process look like?
It starts with a no-pressure discovery call to understand your goals. From there, Patrick builds a written financial plan covering all key areas — retirement income, investments, tax strategy, estate planning, and more. Plans are stored on a secure portal and updated as your life evolves.
What makes your investment approach different?
Patrick focuses on three things: minimizing taxes, limiting downside risk, and keeping costs low. He uses defined outcome strategies, structured notes, and buffered ETFs alongside low-cost index strategies — tools that go beyond the standard playbook to address what each client actually needs.
Start a conversation with Patrick McNamara
Important Disclosures
This microsite has been prepared by Patrick McNamara, CFP®, a financial advisor with Claro Advisors Inc., an SEC-registered investment adviser (CRD No. 160294). The information presented is intended to describe Patrick's background, services, and general approach to financial planning. It does not constitute investment advice, a solicitation, or an offer to buy or sell any security.
Registration with the SEC does not imply a certain level of skill or training.
Services and Scope: Claro Advisors provides investment management and financial planning services. References to tax planning describe general financial planning considerations only and do not constitute tax advice. References to retirement income planning describe financial planning strategies designed to support retirement objectives and do not guarantee any specific income level or outcome. Clients should consult a qualified tax professional or attorney for tax return preparation, legal matters, or jurisdiction-specific guidance.
Investment Risk: All investing involves risk, including the potential loss of principal. Past performance does not guarantee future results. There is no guarantee that any investment strategy or financial plan will achieve its objectives. Actual results will vary depending on individual circumstances.
Tax Outcomes: Tax strategies and tax-aware planning approaches are intended to seek opportunities to improve after-tax outcomes. Tax results are not guaranteed and will vary based on each client's individual tax situation, applicable law, and other factors outside the adviser's control. Clients should consult a tax professional regarding their specific circumstances.
Structured and Defined Outcome Strategies: This microsite references defined outcome strategies, structured notes, and buffered ETFs. These instruments involve specific risk/return profiles that differ materially from traditional investments. Key characteristics and risks include: (1) Return caps — defined outcome strategies and buffered ETFs typically limit upside participation to a specified cap; (2) Buffer limits — downside protection applies only within a defined buffer range and does not protect against losses beyond that range; (3) Liquidity constraints — structured notes and certain defined outcome products may have limited secondary market liquidity and may not be redeemable prior to maturity without penalty; (4) Counterparty risk — structured notes are subject to the credit risk of the issuing institution; (5) Fees and expenses — these instruments may carry higher costs than traditional index strategies. These strategies are not suitable for all investors. Suitability depends on individual investment objectives, time horizon, risk tolerance, and financial circumstances.
Financial Planning: Financial planning and goal-based strategies are designed to help clients work toward their objectives. Engaging in planning does not guarantee any specific financial outcome. Results depend on many factors, including market conditions, individual behavior, and circumstances that cannot be predicted or controlled.
Compensation: Claro Advisors is a fee-only registered investment adviser. Compensation is based solely on fees paid by clients. Claro Advisors does not receive commissions or compensation from product sales. A full description of our fee schedule and compensation arrangements is available in our Form ADV Part 2A at https://adviserinfo.sec.gov/firm/summary/160294 or upon request.
Form ADV: Claro Advisors' Form ADV Part 2A and Part 2B, which describe our services, fees, conflicts of interest, and disciplinary history, are available upon request or at https://adviserinfo.sec.gov/firm/summary/160294. Prospective clients are encouraged to review these documents before engaging our services.
CFP® Designation: The CERTIFIED FINANCIAL PLANNER™ certification is granted by the CFP Board of Standards, Inc. to individuals who meet education, examination, experience, and ethics requirements. For more information, visit cfp.net.