# Chesley, Taft & Associates, LLC

> Chesley, Taft & Associates, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2000, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 19, 2026.

- CRD: 111578
- Filed as: CHESLEY, TAFT & ASSOCIATES, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/111578
- AdvisorCensus page: https://advisorcensus.com/firm/chesley-taft-and-associates-llc-chicago-il-111578

## Quick answers

**How is Chesley, Taft & Associates, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Chesley, Taft & Associates, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Chesley, Taft & Associates, LLC located?**
Chesley, Taft & Associates, LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is Chesley, Taft & Associates, LLC registered with the SEC or a state?**
Chesley, Taft & Associates, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 111578.

**How much does Chesley, Taft & Associates, LLC manage?**
Chesley, Taft & Associates, LLC reports $3,013,514,015 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (92% discretionary).

**How have Chesley, Taft & Associates, LLC's assets and staff changed since 2021?**
In the Form ADV data for Chesley, Taft & Associates, LLC: Regulatory assets under management: $2,146,046,808 in the October 2021 data and $3,013,514,015 in the October 2026 data, up 40%. Total employees: 13 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Chesley, Taft & Associates, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (585); individuals (other than high net worth individuals) (32); charitable organizations (7).

**Which custodians does Chesley, Taft & Associates, LLC use?**
Chesley, Taft & Associates, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and CIBC as custodians holding 10% or more of its separately managed account assets.

**Does Chesley, Taft & Associates, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/111578

**Does Chesley, Taft & Associates, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 19, 2026 says: "We prefer each client relationship to have minimum assets under management of $1 million. In certain circumstances, we will accept and/or maintain relationships below that threshold."

**What changed in Chesley, Taft & Associates, LLC's recent Form ADV filings?**
In the April 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 19, 2026)

- Account minimum: $1,000,000

> We prefer each client relationship to have minimum assets under management of $1 million. In certain circumstances, we will accept and/or maintain relationships below that threshold.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- CIBC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $3,013,514,015
- Discretionary: $2,762,135,993
- Non-discretionary: $251,378,022

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 32 | $10,851,491 |
| High net worth individuals | 585 | $2,897,347,015 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $7,367,761 |
| Charitable organizations | 7 | $22,539,764 |
| Corporations or other businesses not listed above | 6 | $75,407,984 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2000 (25 years)
- Employees: 18 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, IL, IN, MA, MI, MN, NC, NH, NY, TX, VA, VT, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- chesleytaft.com
- LinkedIn @CHESLEY-TAFT-&-ASSOCIATES

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,146,046,808 | 13 | June 1, 2021 |
| October 2022 | $2,492,792,392 | 14 | March 14, 2022 |
| October 2023 | $2,059,313,545 | 14 | March 9, 2023 |
| October 2024 | $2,403,798,693 | 16 | March 12, 2024 |
| October 2025 | $2,794,834,551 | 16 | March 7, 2025 |
| October 2026 | $3,013,514,015 | 18 | March 19, 2026 |

Regulatory assets under management: $2,146,046,808 in the October 2021 data and $3,013,514,015 in the October 2026 data, up 40%.
Total employees: 13 in October 2021 and 18 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Chesley, Taft & Associates, LLC (CRD 111578): Form ADV filing data as of October 2026.