# Chestnut Street Investment Counsel, LLC

> 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.

- CRD: 309741
- Filed as: CHESTNUT STREET INVESTMENT COUNSEL, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Lancaster, PA
- Filing period: October 2026
- Form ADV filing dated: January 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/309741
- AdvisorCensus page: https://advisorcensus.com/firm/chestnut-street-investment-counsel-llc-lancaster-pa-309741

## Quick answers

**How is Chestnut Street Investment Counsel, LLC compensated?**
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).

**How much does Chestnut Street Investment Counsel, LLC charge?**
Its Form ADV Part 2A brochure dated January 30, 2026 states: Hourly rate: $250 to $350 an hour (financial planning services); Flat fee: $500 to $5,000 (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Chestnut Street Investment Counsel, LLC located?**
Chestnut Street Investment Counsel, LLC's principal office is in Lancaster, PA, according to its Form ADV.

**Is Chestnut Street Investment Counsel, LLC registered with the SEC or a state?**
Chestnut Street Investment Counsel, LLC is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 309741.

**How much does Chestnut Street Investment Counsel, LLC manage?**
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).

**How have Chestnut Street Investment Counsel, LLC's assets and staff changed since 2025?**
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.

**What types of clients does Chestnut Street Investment Counsel, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (64); high net worth individuals (21).

**Which custodians does Chestnut Street Investment Counsel, LLC use?**
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.

**Does Chestnut Street Investment Counsel, 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/309741

**Does Chestnut Street Investment Counsel, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated January 30, 2026 says: "Chestnut Street generally does not impose a minimum relationship size."

**What changed in Chestnut Street Investment Counsel, LLC's recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $104,076,347 to $119,527,897 (+15%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated January 30, 2026)

- Account minimum: None

> Chestnut Street generally does not impose a minimum relationship size.

- Hourly rate: $250 to $350 an hour (financial planning services)

> The Advisor also offers its services on a stand-alone basis at hourly rate ranging from $250 to $350 or a fixed engagement fee between $500 and $5,000.

- Flat fee: $500 to $5,000 (financial planning services)

> The Advisor also offers its services on a stand-alone basis at hourly rate ranging from $250 to $350 or a fixed engagement fee between $500 and $5,000.

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.

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: $119,527,897
- Discretionary: $119,527,897
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 64 | $20,827,511 |
| High net worth individuals | 21 | $98,700,386 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2025 (1 year)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- chestnutstreetic.com
- Instagram @chestnut_street_ic
- LinkedIn @beth-ann-vulopas-2367091b4

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $104,076,347 | 4 | February 3, 2025 |
| October 2026 | $119,527,897 | 4 | January 30, 2026 |

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.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $104,076,347 to $119,527,897 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Chestnut Street Investment Counsel, LLC (CRD 309741): Form ADV filing data as of October 2026.