Russell Luce
Russell Luce is a registered investment advisor at Chelsea Advisory Services, INC, based in Staten Island, NY, with 31 years of industry experience. Russell 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
242 Main Street, Staten Island, NY, 10307
Get directionsHistory
Regulatory History
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.
Learn about disclosures →Other Business ActivitiesSells Insurance
Russell is the president of Planning Legacies Financial Group, an insurance firm, since 2007. He dedicates about 10-20% of his time to this activity, with 20 hours per month occurring during trading hours.
Employment History
Current Registrations
Chelsea Advisory Services, INC
Chelsea Financial ServicesBroker
Chelsea Financial Services
Previous Registrations
Silver Oak Securities, IncorporatedBroker
Silver Oak Securities, INC.
Lifemark Securities CORP.Broker
Lifemark Securities CORP.
Investment Planners, INC.Broker
Ipi Wealth Management, INC.
Lifemark Securities CORP.Broker
Lifemark Securities CORP.
Foresters Equity Services, INC.
Foresters Equity Services, INC.
Foresters Equity Services, INC.Broker
World Equity Group, INC.
World Equity Group, INC.Broker
Foresters Equity Services, INC.Broker
Mony Securities CorporationBroker
Thrivent Investment Management INC.Broker
State Registrations5 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.