Chestnut Street Investment Counsel provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Chestnut Street Investment Counsel reports 85 clients. They include 64 individual clients and 21 high-net-worth individuals. Of its assets, 100.0% ($120M across 225 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 75% | 17% |
| High-net-worth individuals | 25% | 83% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 64 | $20.8M | 17.4% | $325K |
| High-net-worth individuals | 21 | $98.7M | 82.6% | $4.7M |
| Total | 85 | $120M | 100% | $1.41M |
- Clients
- 64
- Regulatory AUM
- $20.8M
- AUM share
- 17.4%
- Avg. per client
- $325K
- Clients
- 21
- Regulatory AUM
- $98.7M
- AUM share
- 82.6%
- Avg. per client
- $4.7M
Total
- Clients
- 85
- Regulatory AUM
- $120M
- AUM share
- 100%
- Avg. per client
- $1.41M
- 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
Chestnut Street Investment Counsel charges 0.80% a year for its Investment Management Services. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Stand-alone financial planning is billed at an hourly rate of $250 to $350 or a fixed engagement fee of $500 to $5,000; fees may be negotiable.
- Retirement Plan Advisory Services
- Retirement plan advisory fees are an annual asset-based fee of 0.80% of plan assets, billed quarterly in arrears and may be negotiable.
Beth Vulopas owns 75% or more of Chestnut Street Investment Counsel. The leadership team of Chestnut Street Investment Counsel includes Chief Compliance Officer Beth Vulopas. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 75% or more of Chestnut Street Investment Counsel, LLC
Beth Vulopas
Control person · since June 2020
Chestnut Street Investment Counsel’s regulatory assets grew from $104M (February 2025) to $120M (January 2026); clients rose from 74 to 85 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jan 2026January 2026 | $120M | 85 | 4 | 1 |
| Feb 2025February 2025 | $104M | 74 | 4 | 1 |
Besides its headquarters, Chestnut Street Investment Counsel has 0 offices, with 1 listed address in 1 state.
Pennsylvania · 1 listed address
- 144 East Chestnut Street, LancasterHQ
Contact and registration details
- Legal name
- Chestnut Street Investment Counsel, LLC
- Headquarters
- 144 East Chestnut Street, Lancaster, PA 17602
- Website
- Not reported
- Phone
- 717-947-3850
- SEC file
- 801-132055
- Structure
- Pennsylvania LLC
- Fiscal year end
- December
Chestnut Street Investment Counsel’s named custodian for separately managed accounts is Charles Schwab ($120M). Chestnut Street Investment Counsel does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $120M100%
At year end, Chestnut Street Investment Counsel’s separately managed accounts were mostly in stocks (79%) and cash (17%).
What the accounts hold
- Stocks79%
- Funds1%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash17%
How many clients does Chestnut Street Investment Counsel have?
Chestnut Street Investment Counsel has 85 clients and manages $120 million for them, as of January 2026. They include 64 individual clients and 21 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 January 2026
What services does Chestnut Street Investment Counsel offer?
Chestnut Street Investment Counsel provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Chestnut Street Investment Counsel charge?
Chestnut Street Investment Counsel charges 0.80% a year for its Investment Management Services. The fee is billed in arrears and is negotiable.
Source: CHESTNUT STREET INVESTMENT COUNSEL, LLC DISCLOSURE BROCHURE, filed 30 January 2026
Which custodians does Chestnut Street Investment Counsel use?
Chestnut Street Investment Counsel’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $120M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 January 2026
How many financial advisors does Chestnut Street Investment Counsel have?
Chestnut Street Investment Counsel has 3 investment adviser representatives registered with state securities authorities, out of 4 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 Chestnut Street Investment Counsel invest in?
At the end of its last fiscal year, Chestnut Street Investment Counsel’s separately managed accounts held 79% exchange-traded equities, 17% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Chestnut Street Investment Counsel?
Chestnut Street Investment Counsel’s direct owner is Beth Vulopas (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 January 2026
How does Chestnut Street Investment Counsel get paid?
Chestnut Street Investment Counsel 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 Chestnut Street Investment Counsel?
Chestnut Street Investment Counsel’s main office is at 144 East Chestnut Street, Lancaster, PA 17602. Its phone number is 717-947-3850.
