Nicholas Iarrobino
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.
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
545 East Jericho Turnpike, Huntington Station, NY, 11746
Get directionsHistory
Regulatory History (3)
Employment Separation After Allegations
November 2019Criminal
January 2018Customer Dispute
May 2016Other 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
Chelsea Financial Services
Chelsea Financial ServicesBroker
Previous Registrations
Regulus Advisors, LLCBroker
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
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.