NEWS: Articles, Press Releases and Chelsea Happenings
Chelsea Financial Acquires Brokerage Assets of Jamestown, NY firm Bodell Overcash Anderson and Co., Inc. Chelsea Financial Supports Financial Literacy in Minority Communities Chelsea Financial Services Hires New Compliance Officer for their NYC Office Chelsea Financial Services Encourages South Florida Businesses to "SleepOut" to Help End Homelessness while Fostering Team Building in their Organizations Update: Chelsea Financial Services' 2019 Holiday Toy Drive was a Resounding Success! Update: Chelsea Financial Services' John Pirozzi Raised $5,000 for Cystic Fibrosis Research and Finished in the NYC Marathon! Chelsea Financial Services’ Baron 'Barry' Willis Leverages His Financial Advisor Experience for Positive Political Change Chelsea Financial Services’ 2019 Holiday Toy Drive in Staten Island Benefits Where-to-Turn.ORG Chelsea Financial Services’ Chris Vetrano Heads Firm’s Thanksgiving Food Drive for Project Hospitality On A Run To End Cystic Fibrosis: Chelsea Rep Joins the NYC Marathon to Raise Money for the Boomer Esiason Foundation Chelsea Financial Services Celebrates Its 20th Anniversary as a National Full Service Brokerage Firm
Chelsea Financial Services Acquires Brokerage Assets of Jamestown, NY Firm Bodell Overcash Anderson and Co., Inc.
STATEN ISLAND, NEW YORK, October 8, 2020 —
Chelsea Financial Services is proud to announce the acquisition of the customer assets of Bodell Overcash Anderson and Co., Inc., an Investment Firm based in Chautauqua County, New York, with over 50 years of service.
“We are proud to continue the excellent service and support that Bodell Overcash Anderson’s clients have come to expect.” stated John Pisapia, President of Staten Island-based Chelsea Financial Services. “For over 50 years, the ownership team of Daniel Overcash and John Anderson served investors from nearly half of the United States, with a majority of their clients coming from Western New York and surrounding states. That’s an amazing history to add to our established national book of business.” added Pisapia.
As a part of the acquisition that was effective as of September 24, 2020, Dan Overcash, CFP (Certified Financial Planner) will join Chelsea Financial Services as a Registered Representative/Securities Principal to continue serving the thousands of clients they have gained over the firm’s long, successful trajectory. Overcash’s partner, John Anderson, will be retiring. “We are excited to become an integral part of Chelsea Financial Services’ 20 years of being a successful national Broker/Dealer.” remarked Overcash. “We were introduced by our mutual clearing firm, Hilltop Securities, so we had a connection and a strong recommendation immediately. This made the process seamless, really. The transition went very smoothly since our client lists could be easily integrated under the same Hilltop Securities Asset Management System that we had been using for 27 years.
Bodell Overcash Anderson was founded on April 7, 1970 in Jamestown, New York by partners Bodell, Overcash and Anderson. After 2 years in business, Overcash and Anderson bought out Carl Bodell and continued building their business for 48 more years. Their investment focus was always in general securities, assisting clients with retirement plans, wealth building and portfolio management, along with other financial services.
The two firms also had many other things in common besides Hilltop Securities and service excellence: Deep-rooted, long-standing connections in their communities and both local and national charitable giving. “Both John Anderson and I were actively involved in non-profits and on the boards of many organizations, including The Chautauqua Region Community Foundation, The Roger Tory Peterson Institute of Natural History, The Robert H. Jackson Center and many more.” said Overcash. Added Pisapia: “Their deep rooted history, spanning more than 50 years, developed a strong client base that we are excited to bring on board…And since Dan is joining us, their clients will continue to be in great hands.”
Chelsea Financial Supports Financial Literacy in Minority Communities
STATEN ISLAND, NEW YORK, July 29, 2020 — Chelsea Financial Services is proud to announce their support of Startup Advisory Group’s Investment Community with a donation to provide much needed textbooks and recommended reading for its inaugural 40 Members.
“This amazing group was started by one of my previous Financial Advisors.” stated John Pisapia, President of Chelsea Financial Services (chfs.com). “Jeffery Derose started this community group to help minorities learn how the financial system works with the practical goal of helping Members learn the fundamentals of investing and trading.”
Derose, a seasoned financial professional, simply wanted to help minority families “change their outcomes” by bringing financial knowledge to an underserved community. When Derose left Chelsea Financial Services, he started a web design company, Startup Advisory Group, 4 years ago. Although he is no longer a Financial Advisor, Derose knew that his Registered Representative experience expressly prepared him for this new challenge.
“I launched this first community group only a few months ago,” added Derose. “and already, we have 40 Members actively learning and engaged in the stock market. It’s fantastic to see their hunger for knowledge about finance turn into the beginning steps of building wealth. In fact, “wealth-building” was something many of our Members never even thought was possible for them; they didn’t know where to turn to get the guidance and training necessary to take those first steps.”
The ultimate goal of the group is to help minority communities build generational wealth via sound financial education, mentoring and coaching, primarily in trading and investments. The program utilizes content from TD Ameritrade’s learning center along with instruction on other popular research tools and information sources to help members generate ideas for their investment strategies.
“By week three of the program, members are already generating investment ideas independently, and many are doing their first trades by Week 4.” stated Derose. Once trading starts, the group doesn’t end; the mentoring continues indefinitely. Recommended books begin what is hopefully a lifelong effort of continuous learning and constant improvement.
Derose is a longtime resident of Staten Island, NY, where Chelsea Financial Services is based. “I approached Chelsea Financial, my previous employer, and they immediately stepped up to provide the funds for various books and support materials for the group.” added Derose. “There is no fee for joining nor attending, plus, now they can use the money they would have needed to spend on books to actually invest in their future!”
JOIN CHELSEA FINANCIAL SERVICES IN SUPPORT THE MINORITY INVESTMENT COMMUNITY
Please join Chelsea Financial Services in supporting Startup Advisory Group’s Investment Community and their already life-changing program launch. Any additional funds raised will be used to enhance their current program while providing the financial support to expand to other geographic areas with online/on-demand learning. Donations can be made via Paypal to paypal.me/StartupAdvisoryGroup. To find out more about the group or to enroll, please contact Jeffrey Derose at firstname.lastname@example.org
Chelsea Financial Services Hires New Compliance Officer for NYC Office
STATEN ISLAND, NEW YORK, March 30, 2020 — Chelsea Financial Services is proud to announce the hiring of a new Compliance Officer, Stephen Sebold, to be based in their Staten Island office. Sebold was a Senior Manager for AXA Advisors before joining Chelsea Financial. Sebold is an Accredited Portfolio Management AdvisorSM (APMA®), having received his certification in 2019. In addition, Sebold holds FINRA Series 7, 24, 63, 65 licenses.
“I was at AXA Advisors for over 18 years.” said Sebold. “I had a wide set of responsibilities as a Senior Manager at the firm, so I’m excited to be joining Chelsea Financial Services to leverage my investments and management experience in the Compliance department. Chelsea Financial is a growing national Broker/Dealer with coverage in nearly every state, and I’m here to help ensure and support our steady growth.”
Sebold lives in Long Island, NY and is married with 3 children.
Chelsea Financial Services Encourages South Florida Businesses to "SleepOut" to Help End Homelessness while Fostering Team Building in their Organizations
STATEN ISLAND, NEW YORK, FEBRUARY 11, 2020 — Chelsea Financial Services has become a sponsor for “SleepOut”, The Lord’s Place 13th annual event to raise funds and awareness to help break the cycle of homelessness in Palm Beach County, FL.
John Pisapia, President of Staten Island-based Chelsea Financial, first heard about this unique event through his Marketing Director, Barry Lippold. “I have multiple Financial Advisors based in South Florida, including Lake Worth.” stated Pisapia. “When I found out that the event was designed to create mindfulness about homelessness in addition to raising funds, I just had to step in and support the cause. I want to encourage other South Florida companies to participate in SleepOut; It’s an amazing event that can be utilized as an excellent and affordable Team Building exercise.”
“There are so many amazing facets to the event, including activities for the kids, BBQ, live music and a beautiful mission program.” added Lippold. “It’s quite remarkable what The Lord’s Place does for the homeless on a daily basis, but this event really brings the meaning home to every participant by taking their home out of the equation – just for a night; It really brings all of our neighbors together.”
“SleepOut” also has a “SleepIn” version of their event where participants who can’t attend the event can still participate in fundraising to support their most vulnerable neighbors.
Meredith Fontenot, SleepoutTLP.com's Webmaster, explains the online fundraising aspect of the event: “Just like a walk or run, participants go online to create teams or participate as individuals to SleepOut/In. Online tools make it easy to get donations via social networks to support their participation. Registrants can sign-up in minutes and begin their fundraising right away by sharing their customized fundraising pages via social media.”
Anne Noble, Chief Advancement Officer of The Lord’s Place, adds: “All of the funds raised via SleepOutTLP.com help us fund the mission of the agency – to break the cycle of homelessness for each individual or family who walks through our doors. The programs we have help people find homes, jobs, and a purpose in life.”
DonorPowered, a WordPress plug-in that powers the SleepOutTLP.com website, was developed for The Lord’s Place via a Social Enterprise created by Barry Lippold of Nth Degree Group. A percentage of all sales of licenses of the software is given back to The Lord's Place: “They were instrumental in helping my team envision this amazing software. By creating it with and for a non-profit, we were ensured of developing software that really met the needs of all types of event fundraising.”
2020 SLEEPOUT/SLEEPIN EVENT INFORMATION
SleepOut will be held on Friday, April 3, 2020 at the United Methodist Church of the Palm Beaches, from 5pm-8am with “Lights Out!” at 11pm, where attendees can stay to SleepOut, or return home to SleepIn.
Please join Chelsea Financial in supporting SleepOut/In by joining our team or donating to the event via our Team Page: https://sleepouttlp.com/team/?show=46
Update: Chelsea Financial Services' 2019 Holiday Toy Drive Was A Resounding Success!
STATEN ISLAND, NEW YORK, December 25, 2019 — Thanks to the generosity of our Clients, Families and Friends, we delivered over two hundred (200) donated toys to Where To Turn's Toy Store for families in need in Staten Island. Special thanks to Frank Cilento for organizing the toy drive, and to Kim Carfora and Barry Lippold (of Nth Degree Marketing Group) for assisting.
Update: Chelsea Financial Services' John Pirozzi Raised $5,000 for Cystic Fibrosis Research and Finished in the NYC Marathon!!
STATEN ISLAND, NEW YORK, November 3, 2019 — With a time of 4:35:32, John Pirozzi completed his first marathon in support of the Boomer Esiason Foundation for Cystic Fibrosis Research. Chelsea Financial was proud to support John in his efforts to raise an astounding $5,000 for this amazing cause.
Great job, Pirozzi!
Chelsea Financial Services’ Baron “Barry” Willis Leverages His Financial Advisor Experience for Positive Political Change
STATEN ISLAND, NEW YORK, December 3, 2019 — Chelsea Financial Services Representative Baron T. “Barry” Willis discovered the best way to quell his complaints about government overspending and ineffectiveness was to stop complaining about it and get involved.
“I have been a Financial Advisor and Insurance Broker for over 25 years. I knew my experience in finance could really translate to government, especially in helping Boards and Committees make appropriate financial decisions for our communities.” said Willis. “As a longtime resident of Alpine, California, my first step into government was with the Alpine Fire Protection District.”
Willis, a Financial Advisor who has been with Staten Island-based Chelsea Financial Services since 2015, started to campaign in Alpine in July 2018 to challenge an incumbent who hadn’t been challenged for many years. “I literally went door-to-door, knocking on over 2500 doors and standing out in front of Alpine’s local Albertson’s probably 50 times to meet as many residents as I could to ask for their support and vote.”
Willis’ efforts paid off; He was elected to their Board and started serving in November 2018. One year in, Willis is proudest of the budget surplus that Alpine Fire Protection District continues to have. “Government overspending is one of my prime complaints about government in general, so keeping a budget surplus year after year shows fiscal responsibility. In this dangerous fire climate, it is especially important to have adequate funds to support our Firefighters and our Fire Marshall to provide them with all the tools they need to protect our communities, without going into a budget deficit.”
Willis didn’t stop his foray into politics with his Alpine Fire work; He also campaigned and was elected as a Commissioner on the San Diego LAFCO Board (Local Agency Formation Commission), 2019-2023, where Commissioner Willis votes on critical countywide issues like land use and annexation.
Willis is married to Jeannette Clark, a Psychotherapist who is in private practice. They have 2 daughters who are attending San Diego State University. Willis graduated in Political Science at the University of California, San Diego.
As a Financial Advisor, Willis focuses on Retirement Planning, but also handles Life and Health insurance for his many clients. Adds Willis: “My role as a Financial Advisor requires me to listen carefully and be responsive to my clients’ needs, two skills that I think we need in every Public Servant.”
Chelsea Financial Services’ 2019 Holiday Toy Drive in Staten Island Benefits WHERE-TO-TURN.ORG
STATEN ISLAND, NEW YORK, December 6, 2019 — Chelsea Financial Services is organizing a Toy Drive this holiday season in Staten Island to benefit local children in need via Where to Turn, a local crisis relief services organization.
Frank Cilento, a Financial Advisor at Chelsea Financial Services, is heading up the Toy Drive. “We just completed a successful Thanksgiving Food Drive for Project Hospitality,” Cilento said. “We wanted to continue that momentum with a Toy Drive for the kids in our community who are going through tough times this holiday season.”
Cilento has been a longtime Chelsea Financial Services Financial Representative. He began his career in Financial Services in 1990, and joined Chelsea in 2009. Cilento is no stranger to community service; he has been an active member of the South Shore Rotary Club since 1992, including as a past President and Paul Harris Fellow. This Toy Drive sponsored by Chelsea Financial Services ties in well with his annual work with the South Shore Rotary Club where he fundraises for gifts for the holiday party for children at PS37.
As a resident of Staten Island, Cilento is proud to be part of a firm that, like him, has many longstanding charitable ties to the community. “It’s great to work and live in the same community; This way, you can really experience the positive impact your employer makes, especially with our annual charitable giving at the local level.” added Cilento.
2019 HOLIDAY TOY DRIVE INFORMATION
Please drop off new, unwrapped toys at Chelsea Financial Services’ Corporate Office located at 242 Main Street, Staten Island, any time between the hours of 9am and 5pm, Monday through Friday, until December 19th.
Please join Chelsea Financial Services in making this holiday season brighter for so many deserving children.
ABOUT WHERE TO TURN
Founded in 2001 shortly after the terrorist attacks of September 11th, Where to Turn provides crisis relief services for victims of any kind of tragedy by helping victims obtain the help they need during the recovery process. Where to Turn also creates and supports projects that foster community participation and interaction while assisting those in need, including their “Free Prom Dress Distribution” and annual “Senior ‘Senior’ Prom” projects. Visit Where to Turn for more information or to donate.
Chelsea Financial Services’ Christopher ( Chris ) Vetrano Heads Firm’s Thanksgiving Food Drive for Project Hospitality
STATEN ISLAND, NEW YORK, November 4, 2019 — Chelsea Financial Services Representative Christopher (Chris) Vetrano is spearheading a Thanksgiving Food Drive to help benefit Staten Island community members who are hungry, homeless or otherwise in need this holiday season.
Vetrano, a Registered Representative who has been at Chelsea Financial Services for 12 years, wanted to do something special for the community for the holidays. “We selected Project Hospitality as the beneficiary of our food drive due to their excellent work with the homeless and others in need, in Staten Island and beyond.” Vetrano said. “Besides providing food when and where it’s needed, they also do outreach, education and youth programs to help improve the lives of those going through tough times.”
2019 THANKSGIVING FOOD DRIVE: TIMES, LOCATION and items needed
Drop off non-Perishable food items at Chelsea Financial Services’ Corporate Office located at 242 Main Street, Staten Island, any time between the hours of 9 and 5, Monday through Friday, until November 21st. Non perishable items most needed are: Canned Fish and Meats, Hot/Cold Cereals, Shelf Stable Milk [Parmalat], Tomato Sauce/Canned Tomatoes, Black & Kidney Beans).
The following perishable items may be dropped off on November 21st only: White & Sweet Potatoes, Onions, Winter Squash, Carrots and other Root Vegetables.
All items will be delivered to Project Hospitality in time for Thanksgiving on November 22nd
ABOUT PROJECT HOSPITALITY
Founded in 1985 as an interfaith, all-volunteer effort to provide food and shelter to homeless people in the Staten Island Ferry Terminal, Project Hospitality has grown to serve more than 30,000 of Staten Island’s most marginalized residents every year. It is Project Hospitality’s mission to reach out to community members who are hungry, homeless or otherwise in need, in order to work with them to achieve their self-sufficiency and advocate on their behalf. Project Hospitality’s compassionate continuum of care includes food, clothing and shelter, health and mental health services, substance use treatment, HIV care, domestic violence and immigrant services, educational and vocational training, transitional and permanent housing, legal and financial assistance and opportunities for at-risk youth. Visit Project Hospitality for more information or to donate.
ON A RUN TO END CYSTIC FIBROSIS: Chelsea Rep John Pirozzi Joins the 2019 TCS New York City Marathon to Raise Money for the Boomer Esiason Foundation
STATEN ISLAND, NEW YORK, OCTOBER 15, 2019 — Chelsea Financial Services (Chelsea) Representative John Pirozzi will participate in the TCS New York City Marathon on November 3, 2019 to benefit the Boomer Esiason Foundation and Cystic Fibrosis Research.
Chelsea Company President, John Pisapia remarked: “John Pirozzi has been a longtime Representative (since 2009) and a longtime Resident of Staten Island (since 1993) who has always been deeply involved in his community. I’m proud to support his incredible fundraising efforts to help end Cystic Fibrosis.”
Pirozzi is no stranger to running but this will mark his first marathon. He has run the Brooklyn Half Marathon twice plus quite a few 5K runs, fundraising all the while. “My family is also a huge motivator for my fitness and fundraising goals…My wife of 27 years, Maria, plus my daughters Amanda and Brianna with my two Grandchildren keep me busy, not only running, but running around!” laughed Pirozzi.
Pirozzi Adds: “Running is a big part of my daily routine. Even when I’m not running around my neighborhood in Prince’s Bay, running is incorporated into my training at my gym, Outerbridge Crossfit, where my coach John has been preparing me to make sure that I finish the race…Plus, I’m running for a great cause, so that makes it all that more rewarding and motivating!”
Please join Chelsea Financial Services in supporting John and the Boomer Esiason Foundation in the fight against Cystic Fibrosis via his CrowdRise Fundraising Page.
About the TCS New York City Marathon/NYRR (New York Road Runners)
NYRR’s Mission: Help and Inspire Through Running. Over 52,813 Race Finishers in 2018 from 129 Countries raised over $40M for Charity. Visit https://www.nyrr.org/tcsnycmarathon for more information.
About the Boomer Esiason Foundation
The Boomer Esiason Foundation is a dynamic partnership of leaders in the medical and business communities joined with a committed core of volunteers to heighten awareness, education and quality of life for those affected by cystic fibrosis, while providing financial support to research aimed at finding a cure. Visit https://www.esiason.org for more information.
Chelsea Financial Services Celebrates Its 20th Anniversary as a National Full Service Brokerage Firm
STATEN ISLAND, NEW YORK, September 23, 2019 — Chelsea Financial Services (Chelsea) announced its 20th anniversary as a national full service Broker/Dealer. The firm opened its first brokerage office in Staten Island, New York in 1999 with just a few independent financial service professionals. During the past two decades, Chelsea has grown steadily and currently provides financial services to clients in 51 States and Territories. Clients receive investment, retirement and financial planning advice from over 60 Registered Representatives based in 16 States.
Company President, John Pisapia remarked: “I started Chelsea Financial Services in my hometown of Staten Island with a simple mission: To provide a secure and supportive environment for our Representatives, with no minimum production requirements and no sponsored proprietary products. That way, our Reps aren’t pressured to sell any specific product line. This benefits our clients immensely since our Reps can utilize a full range of financial products without any pressure to sell a particular stock, bond, option, mutual fund or CD.”
The Company utilizes Texas-based Hilltop Securities, a diversified national investment banking firm established in 1946, as their clearing house. Chelsea Financial Services is also a member of FINRA and SIPC .
Chelsea continuously researches new financial products and investment opportunities while maintaining an objective viewpoint concerning all securities. Pisapia adds: “Neither financial professionals nor the clients they represent should feel restricted by limited product availability. Because of our objective viewpoint, our Reps are empowered to develop diversified solutions for our clients.”
The Company strongly adheres to the concept of “Paying it Forward” by actively supporting both local and national charities, including the Susan G. Komen Race for a Cure, The American Cancer Society, Michael’s Cause, St. Jude Children’s Research Hospital, along with many more.