Chesney And Company LLC (Sheldon)

Name: Chesney And Company LLC
Address: 56 Gun Club Drive, Sheldon, SC, 29941
Telephone: 888-426-2193

Chesney And Company LLC is a large advisory firm based in Sheldon. It manages $137.98 million of regulatory assets for 333 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Georgia, South Carolina, and Texas.

Chesney And Company provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Chesney And Company: assets under management

The assets under management (AUM) of Chesney And Company LLC is $137.98 million. The firm's AUM has grown by 40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $53.15 million in discretionary accounts and $84.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $210.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.06 million.

Chesney And Company has custody of $989.69 thousand in cash and securities for 28 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Chesney And Company LLC 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 Chesney And Company serves?

The firm provides services to insurance companies, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Chesney And Company is high net worth individuals with 39 clients and $119.32 million of assets under management. Among the 10 most similar advisory firms, Chesney And Company has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $137.98 million for 55 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.

Chesney And Company doesn't advise any private funds.

Careers at Chesney And Company LLC

The company employs 4 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sheila Marie Chesney	Member/principal/chief compliance officer	1 Nov 1996	75% - 100%	2933178

Based in Sheldon

The principal office where Chesney And Company LLC performs its advisory services is located at 56 Gun Club Drive, Sheldon, SC 29941, 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 888-426-2193 or by fax 877-272-9105. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at chesneyandcompany.com.