Chelsea Advisory Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Chelsea Advisory Services reports 552 clients. They include 506 individual clients and 46 high-net-worth individuals. Of its assets, 99.8% ($147M across 523 accounts) are managed with discretion; $360K across 24 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 92% | 84% |
| High-net-worth individuals | 8% | 16% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 506 | $123M | 83.7% | $244K |
| High-net-worth individuals | 46 | $24M | 16.3% | $521K |
| Total | 552 | $147M | 100% | $267K |
- Clients
- 506
- Regulatory AUM
- $123M
- AUM share
- 83.7%
- Avg. per client
- $244K
- Clients
- 46
- Regulatory AUM
- $24M
- AUM share
- 16.3%
- Avg. per client
- $521K
Total
- Clients
- 552
- Regulatory AUM
- $147M
- AUM share
- 100%
- Avg. per client
- $267K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Chelsea Advisory Services charges up to 2.00% a year for its Account Management. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Stand-alone financial planning and consulting
- Fixed fee or hourly charge, negotiated case by case, with the hourly charge not to exceed $600 per hour.
John Pisapia owns 75% or more of Chelsea Advisory Services. The leadership team of Chelsea Advisory Services includes President John Pisapia. It has 30 employees, 25 of them in advisory roles.
Staff
- 30 employees
- 25 in advisory functions
- 25 state-registered reps
- 25 broker-dealer reps
- 29 insurance agents
- Owns 75% or more of Chelsea Advisory Services, Inc
John Pisapia
Control person · since June 2009
Chelsea Advisory Services’ regulatory assets grew 2.0× from $73.8M (July 2021) to $147M (August 2026); clients rose from 321 to 552 and employees from 14 to 30.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $147M | 552 | 30 | 22 |
| Feb 2025February 2025 | $127M | 538 | 22 | 22 |
| Apr 2024April 2024 | $101M | 445 | 19 | 19 |
| Mar 2023March 2023 | $89.5M | 463 | 19 | 19 |
| Jul 2022July 2022 | $94M | 379 | 18 | 16 |
| Jul 2021July 2021 | $73.8M | 321 | 14 | 9 |
Besides its headquarters, Chelsea Advisory Services has 21 offices (13 private residences, listed without an address), with 9 listed addresses across 3 states.
New York · 6 listed addresses
- 242 Main Street, Staten IslandHQ
- 2-6 East Second Ave, Jamestown
- 19 Douglas Avenue, Staten Island
- 1 Ipswich Avenue, Great Neck
- 45 Page Avenue, Staten Island
- 545 E Jericho Turnpike, Huntington Station
Florida · 2 listed addresses
- 7270 NW 12th St, Miami
- 8401 Lake Worth Road, Lake Worth
Washington · 1 listed address
- 733 Lake Street S, Kirkland
Contact and registration details
- Legal name
- Chelsea Advisory Services, Inc
- Headquarters
- 242 Main Street, Staten Island, NY 10307
- Website
- chfs.com
- Phone
- 718-967-8400
- SEC file
- 801-112349
- Structure
- New York corporation
- Fiscal year end
- December
Chelsea Advisory Services’ named custodian for separately managed accounts is Hilltop Securities ($138M). Chelsea Advisory Services does not have custody of client assets.
- Hilltop SecuritiesHilltop Securities Inc. · Dallas, TX · $138M100%
At year end, Chelsea Advisory Services’ separately managed accounts were mostly in funds (69%) and stocks (31%).
What the accounts hold
- Stocks31%
- Funds69%
How many clients does Chelsea Advisory Services have?
Chelsea Advisory Services has 552 clients and manages $147 million for them, as of August 2026. They include 506 individual clients and 46 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 August 2026
What services does Chelsea Advisory Services offer?
Chelsea Advisory Services provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Chelsea Advisory Services charge?
Chelsea Advisory Services charges up to 2.00% a year for its Account Management. The fee is billed in arrears and is negotiable.
Source: CHELSEA ADVISORY ADV 2A - FEBRUARY 2026, filed 18 February 2026
Which custodians does Chelsea Advisory Services use?
Chelsea Advisory Services’ separately managed account assets are held at Hilltop Securities Inc. (Dallas, TX), with $138M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 August 2026
How many financial advisors does Chelsea Advisory Services have?
Chelsea Advisory Services has 25 investment adviser representatives registered with state securities authorities, out of 30 employees, and 25 perform investment advisory functions. 25 employees are registered representatives of a broker-dealer and 29 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Chelsea Advisory Services invest in?
At the end of its last fiscal year, Chelsea Advisory Services’ separately managed accounts held 69% registered funds (mutual funds, ETFs, BDCs) and 31% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Chelsea Advisory Services?
Chelsea Advisory Services’ direct owner is John Pisapia (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 18 August 2026
How does Chelsea Advisory Services get paid?
Chelsea Advisory Services is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Chelsea Advisory Services?
Chelsea Advisory Services’ main office is at 242 Main Street, Staten Island, NY 10307. Its phone number is 718-967-8400. Its website is chfs.com.