Chelsea Counsel Company (Los Angeles)

Name: Chelsea Counsel Company
Address: 444 South Flower St, Los Angeles, CA, 90071 2924
Telephone: 213-362-9200

Chelsea Counsel Company is a large advisory firm based in Los Angeles. It manages $496.38 million of regulatory assets for 269 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of California.

Chelsea Counsel Company provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Chelsea Counsel Company: assets under management

The assets under management (AUM) of Chelsea Counsel Company is $496.38 million. The firm's AUM has gone down by -28% since the beginning of its operation, and $96.1 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $494.39 million in discretionary accounts and $1.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.84 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.99 million.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 28% of the firm’s portfolio. Investments in investment and business development companies form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Chelsea Counsel Company for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Patrick Carme Pascal serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Patrick Carme Pascal is high net worth individuals with 46 clients and $152.17 million of assets under management. Among the 11 most similar advisory firms, Chelsea Counsel Company has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $252.84 million for 130 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Chelsea Counsel Company doesn't advise any private funds.

Careers at Chelsea Counsel Company

The company employs 8 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Patrick Carme Pascal has been acting as President since 1 Jan 2010. Frederick John Ruopp joined the executive team most recently as the Chairman.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Morgan White	Director	1 Mar 1971	Other	465250
Frederick John Ruopp	Chairman & ceo	1 May 1994	50% - 75%	1872674
Thomas Arthur Techentin	President	1 May 1994	Other	1872681
The Ruopp Family Trust Dated 7/13/2000	Shareholder	1 Jul 2000	50% - 75%	xxx-xx-xxxx
L.P. C.C. Pascal Family Partnership	Shareholder	1 Mar 2007	Other	95-4881383
Sally Gallagher Mcneil	Vice president	1 May 2007	Other	4381734
Patrick Carme Pascal	Senior vice president	1 May 2007	Other	1257397
Jr Frederick John Ruopp	Senior vice president	1 Jun 2008	Other	4381740
Thomas Arthur Techentin	Vice chairman	1 Jan 2010	Other	1872681
Patrick Carme Pascal	President	1 Jan 2010	Other	1257397
Jr Frederick John Ruopp	Executive vice president	1 Jan 2010	Other	4381740
Donald Wesley Brown	Chief compliance officer	1 Apr 2015	Other	6378944
Llc Wam Capital	Shareholder	1 Mar 2016	Other	81-0839022
Patrick Carme Pascal	President and ceo	1 Jun 2019	Other	1257397
Frederick John Ruopp	Chairman	1 Jun 2019	Other	4381740

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Frederick John Ruopp	Trustee	1 Jul 2000	75% - 100%	1872674
Patrick Carme Pascal	Shareholder	1 Jul 2013	25% - 50%	1257397
Inc. Wedbush	Owner	1 Mar 2016	75% - 100%	95-3565499
Frederick John Ruopp	Trustee	1 Apr 2019	75% - 100%	4381740

Based in Los Angeles

The principal office where Chelsea Counsel Company performs its advisory services is located at 444 South Flower St, Los Angeles, CA 90071 2924, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 213-362-9200 or by fax 213-627-7463. The normal business hours are 7am-4pm on Monday - Friday. You can find more information about the New York firm at chelseamanagement.com.