Shellman Investment Management, LLC
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Overview
Shellman Investment Management, LLC is an advisory firm located in Miami, Florida. Shellman Investment Management, LLC manages $144.7 million in total assets throughout 133 accounts, making it a mid-tier financial advisory firm in the nation by assets under management (AUM). The firm has a small group, including 1 financial advisor. Shellman Investment Management, LLC is not a registered broker-dealer, meaning it is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets like stocks, options and bonds.
Shellman Investment Management, LLC manages the majority of the firm's client assets on a discretionary basis. Discretionary management is a structure in which transaction choices are made by a portfolio manager without needing the client's authorization. It also administers six non-discretionary accounts totaling $16.0 million in assets under management. The firm supervises about $1.1 million in assets for every customer account. An average advisor at Shellman Investment Management, LLC oversees about 133 client accounts.
The firm's main office is located at 2525 Ponce De Leon Blvd, Miami, Florida 33134. The company is legally registered to provide services to clients in the state of Florida.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Shellman Investment Management, LLC by the Numbers
$144.7 million
3
133
$1.1 million
Fee Structure
Fees charged by financial advisors largely vary depending on which services the firm provides the client. Fees billed by Shellman Investment Management, LLC typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm provides services to retail investors and high net worth investors. Out of its 133 clients, Shellman Investment Management, LLC's largest client by number of accounts is retail investors, but it also manages money for 35 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). About 98% of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 39.33%
- Other Individuals - 60.67%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Shellman Investment Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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