{ "crd_number": 309741, "slug": "chestnut-street-investment-counsel-llc-lancaster-pa-309741", "primary_business_name": "CHESTNUT STREET INVESTMENT COUNSEL, LLC", "legal_name": "CHESTNUT STREET INVESTMENT COUNSEL, LLC", "dbas": [], "city": "Lancaster", "state": "PA", "country": "United States", "cbsa_code": "29540", "metro": { "cbsa_code": "29540", "common_name": "Lancaster", "msa_name": "Lancaster, PA", "path": "/advisors/pa/lancaster" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2025-02-28", "years_registered": 1, "period": "2026-10-01", "filing_date": "2026-01-30", "carried_forward": false, "raum_total": 119527897.0, "raum_discretionary": 119527897.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 4, "advisory_employees": 3, "client_count_bucket": null, "clients_by_type": { "individuals": { "raum": 20827511.0, "count": 64 }, "high_net_worth_individuals": { "raum": 98700386.0, "count": 21 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "PA" ], "websites": [ "https://chestnutstreetic.com", "https://instagram.com/chestnut_street_ic", "https://linkedin.com/in/beth-ann-vulopas-2367091b4" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/309741", "city_as_filed": "LANCASTER", "url": "https://advisorcensus.com/firm/chestnut-street-investment-counsel-llc-lancaster-pa-309741", "display_name": "Chestnut Street Investment Counsel, LLC", "summary": "Chestnut Street Investment Counsel, LLC is an SEC-registered investment advisory firm in Lancaster, PA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated January 30, 2026.", "citation": "AdvisorCensus. Chestnut Street Investment Counsel, LLC (CRD 309741): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Pension consulting services" ], "quick_answers": [ { "q": "How is Chestnut Street Investment Counsel, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Chestnut Street Investment Counsel, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "Where is Chestnut Street Investment Counsel, LLC located?", "a": "Chestnut Street Investment Counsel, LLC's principal office is in Lancaster, PA, according to its Form ADV." }, { "q": "Is Chestnut Street Investment Counsel, LLC registered with the SEC or a state?", "a": "Chestnut Street Investment Counsel, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 309741." }, { "q": "How much does Chestnut Street Investment Counsel, LLC manage?", "a": "Chestnut Street Investment Counsel, LLC reports $119,527,897 in regulatory assets under management in its Form ADV filing dated January 30, 2026 (100% discretionary)." }, { "q": "How have Chestnut Street Investment Counsel, LLC's assets and staff changed since 2025?", "a": "In the Form ADV data for Chestnut Street Investment Counsel, LLC: Regulatory assets under management: $104,076,347 in the October 2025 data and $119,527,897 in the October 2026 data, up 15%. Total employees: 4 in October 2025 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Chestnut Street Investment Counsel, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (64); high net worth individuals (21)." }, { "q": "Which custodians does Chestnut Street Investment Counsel, LLC use?", "a": "Chestnut Street Investment Counsel, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Chestnut Street Investment Counsel, LLC report any disciplinary disclosures?", "a": "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/309741" }, { "q": "Does Chestnut Street Investment Counsel, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated January 30, 2026 says: \"Chestnut Street generally does not impose a minimum relationship size.\"" }, { "q": "What changed in Chestnut Street Investment Counsel, LLC's recent Form ADV filings?", "a": "In the February 2026 filing data: Regulatory assets under management went from $104,076,347 to $119,527,897 (+15%)." } ], "filing_history": [ { "period": "2025-10-01", "regulatory_assets_under_management": 104076347.0, "total_employees": 4, "filing_date": "2025-02-03" }, { "period": "2026-10-01", "regulatory_assets_under_management": 119527897.0, "total_employees": 4, "filing_date": "2026-01-30" } ], "recent_changes": [ { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Regulatory assets under management went from $104,076,347 to $119,527,897 (+15%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated January 30, 2026", "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "Chestnut Street generally does not impose a minimum relationship size." ] } ], "quotes": [ "Chestnut Street generally does not impose a minimum relationship size." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false } ], "custodians_note": "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.", "markdown_url": "https://advisorcensus.com/firm/chestnut-street-investment-counsel-llc-lancaster-pa-309741.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 64, "fewer_than_5": false, "raum": 20827511.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 21, "fewer_than_5": false, "raum": 98700386.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/309741", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }