CHESTNUT STREET INVESTMENT COUNSEL, LLC

Overview

Chestnut Street Investment Counsel, LLC is an independent RIA organized as an LLC and focused on serving individual and family clients. The firm runs purely discretionary equity-led portfolios, with advisory services that include financial planning, portfolio management for individuals and small businesses, and pension consulting services listed among its activities. It does not present itself as an ESG-focused manager, and it does not operate as a capital allocator — alternative exposures are accessed through third‑party managers rather than in‑house direct investments. Fee arrangements are flexible: percentage of AUM is the primary structure, supplemented by hourly and fixed-fee engagements for planning or one-off consulting. Investment behavior shows a clear preference for liquid, exchange‑traded instruments: the firm’s largest concentration is in listed equities and ETFs, used within separately managed account (SMA) wrappers. That equity bias suggests a tactical or core-long approach to public markets rather than a multi-asset, alternatives-first strategy. When the firm does use alternatives, it relies on external hedge fund managers rather than internal alternative product development.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices