Jon Franco is a registered investment advisor at Chelsea Advisory Services, INC, based in Brooklyn, NY, with 27 years of industry experience. Jon operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 552 clients with $150M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Chelsea Advisory charges a percentage of your portfolio each year. The exact percentage is negotiated with each client, up to a maximum of 2%. Fees are paid quarterly. Some financial planning is included with investment management services. Chelsea Advisory recommends clients open brokerage accounts with their affiliate, Chelsea Financial, which has negotiated rates with Hilltop Securities. This arrangement means clients don't pay separately for advisory services, trade execution, or custody.
Location
Brooklyn, NY
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Regulatory History (2)
Customer Dispute
September 2005Customer Dispute
December 2003Other Business Activities
Jon operates Franco Advisory Services as a DBA for securities and advisory business conducted through Chelsea Financial Services and Chelsea Advisory Services.
Employment History
Current Registrations
Chelsea Advisory Services, INC
Chelsea Financial Services
Chelsea Financial ServicesBroker
Previous Registrations
Girard Securities, INC.Broker
Qa3 Financial CORP.Broker
Multi-Financial Securities CorporationBroker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
Harrison Securities, INC.Broker
Broadmark Capital CORP.Broker
Gaines, Berland INC.Broker
State Registrations8 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.