Chelsea Advisory Services, Inc (Staten Island)

Chelsea Advisory Services, Inc is a mid-sized advisory firm based in Staten Island. It manages $35.79 million of regulatory assets for 180 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Missouri, and 4 other states.

Chelsea Advisory Services provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Chelsea Advisory Services: assets under management

The assets under management (AUM) of Chelsea Advisory Services, Inc is $35.79 million. The firm's AUM has grown by 29% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $34.9 million in discretionary accounts and $898.76 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $218.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $44.94 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 55% of the total AUM. The second-largest asset type is exchange traded securities, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Chelsea Advisory Services, Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Thomas Pisapia serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of John Thomas Pisapia is individuals with 156 clients and $20.81 million of assets under management. Among the 1 most similar advisory firms, Chelsea Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $35.79 million for 168 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Chelsea Advisory Services doesn't advise any private funds.

Careers at Chelsea Advisory Services, Inc

The company employs 9 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Thomas Pisapia	President/chief compliance officer	1 Jun 2009	75% - 100%	2336216

Based in Staten Island

The principal office where Chelsea Advisory Services, Inc performs its advisory services is located at 242 Main Street, Staten Island, NY 10307, which is also the mailing address of the firm. An additional office of the firm is in Alpine, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 718-967-8400 or by fax 718-967-1222. The normal business hours are 9:00 - 5:00 on Monday - Friday.