AC
CFP
AC
CFP

Andrew Cilento

6 Years of Experience
BrokerSells Insurance

Andrew Cilento is a CFP-designated registered investment advisor at Chelsea Advisory Services, INC, based in Staten Island, NY, with 6 years of industry experience. Andrew 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
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.

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Location

242 Main Street, Staten Island, NY, 10307

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Andrew is affiliated with National Life, offering life, health, disability, and long-term care insurance. He also operates FJC Financial, a DBA for securities business conducted through Chelsea Financial Services.

Employment History
Current Registrations
Chelsea Financial ServicesBroker
May 2023 - Present · 2 yrs 11 mos
Chelsea Advisory Services, INC
May 2023 - Present · 2 yrs 11 mos
Previous Registrations
Voya Investment Management CO. LLC
December 2019 - May 2023 · 3 yrs 5 mos
Voya Investments Distributor, LLCBroker
April 2019 - May 2023 · 4 yrs 1 mo
State Registrations8 states
AZDEFLNCNJNYOHPA
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.
Andrew Cilento - Financial Advisor | TrueAdvisor