Chestnut Street Investment Counsel, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Chestnut Street Investment Counsel serves individuals, high‑net‑worth clients, trusts, estates, retirement plans and businesses, offering discretionary investment management, comprehensive wealth management and financial planning. The firm manages approximately $120 million in discretionary client assets and provides ongoing portfolio supervision as well as retirement plan advisory services.
The firm constructs customized portfolios that emphasize individual stocks and bonds alongside mutual funds, applying both fundamental and technical analysis and an internal due diligence process. Chestnut Street generally pursues a long‑term investment orientation but may buy, sell or reallocate positions on shorter time horizons to meet client objectives or respond to market conditions, and clients may impose reasonable investment restrictions.
Noteworthy features include the firm’s willingness to manage portfolios built from individual securities rather than relying solely on model portfolios or ETFs, and its capacity to serve as a 3(38) fiduciary for retirement plans — services less common among firms of similar size. The firm’s principal authored a book titled "A Woman’s Wealth," and the firm maintains an institutional relationship with a major custodian that provides technology and operational support to the small advisory team.
Client services
Expertise
Demographic focus
Fee options
$500 to $5,000 per engagement
0.80% annually
$250 to $350 per hour
Main office
144 East Chestnut Street
Lancaster PA 17602
Advisors at this office
3
Most active in
Pennsylvania
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Richard H
Lancaster, PA
Chestnut Street Investment Counsel, LLC
Richard Heilig is a financial advisor at Chestnut Street Investment Counsel, LLC with 33 years of industry experience. He worked for Wheatland Advisors Inc. for 32 years prior to joining Chestnut Street Investment Counsel in 2020. Chestnut Street Investment Counsel provides discretionary investment management and comprehensive wealth planning services to individuals, trusts, estates, retirement plans, and businesses. The firm utilizes a portfolio approach based on individual stocks and bonds, applying both fundamental and technical analysis with a generally long-term focus, and offers fiduciary retirement plan services alongside traditional wealth management.
Mateusz A
Series 66
Lancaster, PA
Chestnut Street Investment Counsel, LLC
Mateusz Atlasik is a financial advisor at Chestnut Street Investment Counsel, LLC in Lancaster, PA, holding a Series 66 designation with seven years of industry experience. His prior roles include positions at The Vanguard Group, Inc., Ameriprise Financial Services, Inc., and PeoplesBank, A Codorus Valley Company. Chestnut Street Investment Counsel serves individuals, high-net-worth clients, trusts, estates, retirement plans, and businesses with discretionary investment management, comprehensive wealth management, and financial planning. The firm emphasizes customized portfolios combining individual stocks and bonds with mutual funds, applying both fundamental and technical analysis within a long-term investment orientation while allowing flexibility for shorter-term adjustments.
Beth V
Series 65
Lancaster, PA
Chestnut Street Investment Counsel, LLC
Beth Vulopas is a Series 65-licensed financial advisor with six years of industry experience, currently with Chestnut Street Investment Counsel, LLC. Her prior roles include positions at Financial Advisory Services, LLC, Atwater Malick, Vulopas & Associates Daily Money Management, and Wheatland Advisors. Chestnut Street Investment Counsel serves individuals, trusts, estates, retirement plans, and businesses with discretionary investment management and comprehensive wealth planning. The firm combines fundamental and technical analysis with a generally long-term investment orientation, offering portfolio management, financial planning, and fiduciary retirement plan services.
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