Chestnut Beach Wealth

Chestnut Beach Wealth provides financial planning and investment management primarily for individuals and high‑net‑worth clients, offering an ongoing advisory service that combines continuous portfolio management with comprehensive financial planning, as well as one‑time planning engagements and hour‑long consultations. Like many independent advisers, it charges asset‑based advisory fees for portfolio management and offers both discretionary and non‑discretionary account arrangements.

The firm’s investment process emphasizes asset allocation and modern portfolio theory, blending passive and active fund selections and employing fundamental, technical, and cyclical analysis to construct diversified portfolios and monitor holdings over time. For ongoing advisory clients the firm requires custodial accounts at Charles Schwab and executes trades through that custodian while allowing client‑imposed investment restrictions to be documented in the advisory agreement.

Noteworthy aspects include that the firm was recently formed and currently reports no assets under management, and although it is a single‑advisor independent firm it does not position itself as a traditional solo practitioner — its principal brings prior institutional capital‑markets experience and holds the CFP® designation. The adviser operates on a fee‑only basis, limits custody to the administrative deduction of fees, does not aggregate or block trades, and offers a discretionary planning‑fee credit for clients who convert to ongoing advisory within a defined timeframe.