Chelsea Counsel provides portfolio management for individuals and small businesses and portfolio management for institutions.
Chelsea Counsel reports 95 clients. They include 47 individual clients, 40 high-net-worth individuals and 8 charitable organizations. Of its assets, 99.2% ($513M across 210 accounts) are managed with discretion; $4M across 2 accounts are not. Of its clients, 2% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 49% | 16% |
| High-net-worth individuals | 42% | 19% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | 8% | 14% |
| Insurance companies | Fewer than 5 | 51% |
| Other client typesCorporations and other businesses | Not reported | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 47 | $82.1M | 15.9% | $1.75M |
| High-net-worth individuals | 40 | $98.5M | 19.1% | $2.46M |
| Pension and profit-sharing plans | Fewer than 5 | $2.27M | 0.4% | — |
| Charitable organizations | 8 | $71.5M | 13.8% | $8.94M |
| Insurance companies | Fewer than 5 | $262M | 50.8% | — |
| Corporations and other businesses | Fewer than 5 | $234K | 0.0% | — |
| Total | 95 | $517M | 100% | — |
- Clients
- 47
- Regulatory AUM
- $82.1M
- AUM share
- 15.9%
- Avg. per client
- $1.75M
- Clients
- 40
- Regulatory AUM
- $98.5M
- AUM share
- 19.1%
- Avg. per client
- $2.46M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.27M
- AUM share
- 0.4%
- Avg. per client
- —
- Clients
- 8
- Regulatory AUM
- $71.5M
- AUM share
- 13.8%
- Avg. per client
- $8.94M
- Clients
- Fewer than 5
- Regulatory AUM
- $262M
- AUM share
- 50.8%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $234K
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 95
- Regulatory AUM
- $517M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 2%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Chelsea Counsel is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Frederick J. Ruopp JR. Exempt Trust DTD 7-13-2000 owns 50% to 75% of Chelsea Counsel and is in turn owned by Frederick Ruopp (75% or more). The leadership team of Chelsea Counsel includes President Sara Gallagher. It has 7 employees, 3 of them in advisory roles.
Leadership
- Sara GallagherSenior Vice President & CCO
- Patrick PascalPresident and CEO
- Frederick RuoppChairman
- Thomas TechentinShareholder
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Patrick Carme Pascal
- Frederick John Ruopp JR
Staff
- 7 employees
- 3 in advisory functions
- 2 state-registered reps
- 1 soliciting firm
- Owns 50% to 75% of Chelsea Counsel Company
Frederick J. Ruopp JR. Exempt Trust DTD 7-13-2000
Control person · since June 2020
- Owns 75% or more of Frederick J. Ruopp JR. Exempt Trust DTD 7-13-2000
Frederick Ruopp
Control person · since June 2020
- Owns 10% to 25% of Chelsea Counsel Company
Thomas Techentin
since December 2020
- Owns 5% to 10% of Chelsea Counsel Company
C.C. Pascal Family Partnership, L.P.
since March 2007
- Owns 25% to 50% of C.C. Pascal Family Partnership, L.P.
Patrick Pascal
Control person · since July 2013
Chelsea Counsel’s regulatory assets went from $506M (June 2021) to $517M (June 2026); clients fell from 119 to 95 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $517M | 95 | 7 | 1 |
| June 2025 | $497M | 101 | 7 | 1 |
| June 2024 | $497M | 99 | 8 | 1 |
| June 2023 | $472M | 108 | 10 | 1 |
| June 2022 | $511M | 113 | 7 | 1 |
| June 2021 | $506M | 119 | 7 | 1 |
Besides its headquarters, Chelsea Counsel has 0 offices, with 1 listed address in California.
California · 1 listed address
- 5855 Topanga Canyon BLVD., Suite 205, Woodland HillsHQ
Other business names
Chelsea Counsel has reported 1 other business name to the SEC.
- Chelsea Management Company
Contact and registration details
- Legal name
- Chelsea Counsel Company
- Headquarters
- 5855 Topanga Canyon BLVD., Suite 205, Woodland Hills, CA 91367
- Website
- Not reported
- Phone
- 213-362-9200
- SEC file
- 801-7333
- Structure
- California corporation
- Fiscal year end
- March
Chelsea Counsel uses Comerica Bank & Trust N.A. ($248M, 51%), Charles Schwab ($159M, 33%) and Fidelity ($78.5M, 16%) as custodians for its separately managed accounts. Chelsea Counsel does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $159M33%
- FidelityNational Financial Services LLC · Boston, MA · $78.5M16%
- Comerica Bank & Trust N.A.Comerica Bank & Trust N.A. · Los Angeles, CA · $248M51%
At year end, Chelsea Counsel’s separately managed accounts were mostly in bonds (50%) and stocks (40%). Its reported 13F holdings for the quarter ended 30 June 2026 total $236M across 232 positions; the largest are Apple Inc. (9.7%), Corning Inc. (6.6%) and Alphabet Inc. (5.8%).
What the accounts hold
- Stocks40%
- Funds5%
- Bonds50%
- Investment grade corporate bonds42%
- U.S. government and agency bonds8%
- Cash4%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $236M
- Reported 13F value
- 232
- Positions
- 49.1%
- In the 10 largest
- +5.0%
- Value vs. prior quarter
- Apple Inc.9.7%
- Corning Inc.6.6%
- Alphabet Inc. · Cap Stk CL C5.8%
- Alphabet Inc. · Cap Stk CL A5.1%
- Quanta Svcs Inc.4.7%
- Vanguard Whitehall Fds · High Div Yld4.1%
- Exxon Mobil Corp.3.8%
- Agnico Eagle Mines Ltd3.5%
- Costco Wholesale Corporation3.1%
- Microsoft Corp.2.7%
Together, the ten largest are 49.1% of reported value.
How many clients does Chelsea Counsel have?
Chelsea Counsel has 95 clients and manages $517 million for them, as of June 2026. They include 47 individual clients, 40 high-net-worth individuals and 8 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 June 2026
What services does Chelsea Counsel offer?
Chelsea Counsel provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Chelsea Counsel use?
Chelsea Counsel’s separately managed account assets are held at Comerica Bank & Trust N.A. (Los Angeles, CA), with $248M, Charles Schwab & Co., Inc. (San Francisco, CA), with $159M and National Financial Services LLC (Boston, MA), with $78.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 June 2026
How many financial advisors does Chelsea Counsel have?
Chelsea Counsel has 2 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Counsel invest in?
At the end of its last fiscal year, Chelsea Counsel’s separately managed accounts held 42% investment grade corporate bonds, 40% exchange-traded equities, 8% U.S. government and agency bonds, 5% registered funds (mutual funds, ETFs, BDCs) and 4% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Chelsea Counsel?
Chelsea Counsel is owned through a trust and a holding company by Patrick Pascal and Frederick Ruopp. Its direct owners are Thomas Techentin (10% to 25%), C.C. Pascal Family Partnership, L.P. (5% to 10%) and Frederick J. Ruopp JR. Exempt Trust DTD 7-13-2000 (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 June 2026
How does Chelsea Counsel get paid?
Chelsea Counsel is paid through a percentage of assets under management. 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 Counsel?
Chelsea Counsel’s main office is at 5855 Topanga Canyon BLVD., Suite 205, Woodland Hills, CA 91367. Its phone number is 213-362-9200.