{"url":"https://nivawealth.com/firms/chestnut-street-investment-counsel-309741","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/309741","regulatoryAum":119527897,"crd":"309741","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6896259","suffix":null,"lastName":"ATLASIK","firstName":"MATEUSZ","middleName":"Jan"},{"crd":"4347661","suffix":null,"lastName":"HEILIG","firstName":"RICHARD","middleName":"PAUL"},{"crd":"7100150","suffix":null,"lastName":"VULOPAS","firstName":"BETH","middleName":"ANN"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2025-02-03","regulatoryAum":104076347,"clients":74,"employees":4,"offices":1},{"filedOn":"2026-01-30","regulatoryAum":119527897,"clients":85,"employees":4,"offices":1}],"secFileNumber":"801-132055","legalName":"Chestnut Street Investment Counsel, LLC","displayName":"Chestnut Street Investment Counsel","slug":"chestnut-street-investment-counsel-309741","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Pennsylvania limited liability company","fiscalYearEnd":"December","headquarters":{"street":"144 East Chestnut Street","city":"Lancaster","state":"PA","stateName":"Pennsylvania","country":"United States","postalCode":"17602"},"tradeNames":[],"registration":{"secApproved":"28 February 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1406210.5529411766,"staff":{"employees":4,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":119527897,"discretionary":119527897,"discretionaryAccounts":225,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":64,"regulatoryAum":20827511},{"label":"High-net-worth individuals","clients":21,"regulatoryAum":98700386}],"feePrograms":[{"role":"main","program":"Investment Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005306","versionId":1005306,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-01-30","documentName":"CHESTNUT STREET INVESTMENT COUNSEL, LLC DISCLOSURE BROCHURE","fee_rate_low":0.8,"fee_rate_high":0.8,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005306","versionId":1005306,"submittedOn":"2026-01-30","documentName":"CHESTNUT STREET INVESTMENT COUNSEL, LLC DISCLOSURE BROCHURE"},{"role":"other","program":"Retirement Plan Advisory Services","summary":"Retirement plan advisory fees are an annual asset-based fee of 0.80% of plan assets, billed quarterly in arrears and may be negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005306","versionId":1005306,"submittedOn":"2026-01-30","documentName":"CHESTNUT STREET INVESTMENT COUNSEL, LLC DISCLOSURE BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T16:39:24.861987+00:00","documents":[{"name":"CHESTNUT STREET INVESTMENT COUNSEL, LLC DISCLOSURE BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005306","versionId":1005306,"submittedOn":"2026-01-30"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":119527897}],"custodyNote":"Chestnut Street Investment Counsel does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Beth Vulopas","title":"Principal and Chief Compliance Officer","crd":"7100150"}],"ownership":[{"label":"Beth Vulopas","detail":"Principal and chief compliance officer in the 75% or more ownership band and a control person, since June 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Pennsylvania","offices":1,"addresses":[{"street":"144 East Chestnut Street","city":"Lancaster","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"717-947-3850","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":79},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":1},{"label":"Cash and cash equivalents","percent":17}],"privateFunds":0},"sources":{"adv1FilingDate":"30 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/309741/PDF/309741.pdf","brochureDate":"30 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1005306","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Chestnut Street Investment Counsel have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Chestnut Street Investment Counsel offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Chestnut Street Investment Counsel charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Chestnut Street Investment Counsel use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Chestnut Street Investment Counsel have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Chestnut Street Investment Counsel invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Chestnut Street Investment Counsel?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Chestnut Street Investment Counsel get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Chestnut Street Investment Counsel?","answer":"Chestnut Street Investment Counsel’s main office is at 144 East Chestnut Street, Lancaster, PA 17602. Its phone number is 717-947-3850.","source":"Form ADV Part 1A, Item 1.F, filed 30 January 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}