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Nicholas Iarrobino

Chelsea Advisory Services, INC
20 Years of Experience
3 DisclosuresBrokerSells Insurance
View SEC Summary
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Nicholas Iarrobino is a registered investment advisor at Chelsea Advisory Services, INC, based in Huntington Station, NY, with 20 years of industry experience. Nicholas 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.

Chelsea Advisory Services, INC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
30 advisors
Number of Clients
552 clients
Average Client Portfolio
$267K average
Assets Under Management
$147.4M

Fee Structure

Minimum Investment:$25K
Planning is included in investment management (also available separately)

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.

View Full SEC Brochure

Location

545 East Jericho Turnpike, Huntington Station, NY, 11746

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History

Regulatory History (3)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Employment Separation After Allegations
November 2019
Criminal
January 2018
Final Disposition
Customer Dispute
May 2016
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Nicholas is a licensed insurance agent able to sell insurance and annuity products, dedicating about a quarter of his time to this activity. He is also involved in several rental real estate ventures, including partnerships and ownership of multiple properties and LLCs, spending a few hours per week on these activities.

Employment History
Current Registrations
Chelsea Advisory Services, INC
March 2022 - Present · 4 yrs 1 mo
Chelsea Financial Services
December 2019 - Present · 6 yrs 4 mos
Chelsea Financial ServicesBroker
December 2019 - Present · 6 yrs 4 mos
Previous Registrations
Regulus Advisors, LLCBroker
September 2015 - November 2019 · 4 yrs 2 mos
Metlife Securities INC.Broker
April 2005 - August 2015 · 10 yrs 4 mos
Metropolitan Life Insurance CompanyBroker
April 2005 - July 2007 · 2 yrs 3 mos
State Registrations5 states
AZCTFLINNY
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.