Wellington Shields & Co., LLC
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Learn more about Wellington Shields & Co., LLC
Overview
Wellington Shields & Co., LLC operates as an advisory company based in New York, New York. The firm manages $382.8 million in assets under management across 415 client accounts, making it one of the bigger firms in the country by assets under management (AUM). It has a small group, including 13 financial advisors. Wellington Shields & Co., LLC is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as stocks, bonds and options.
Wellington Shields & Co., LLC administers more than half of its accounts on a discretionary basis. Discretionary management means that transaction judgments for the client's account are made by an investment advisor without requiring client consent. The firm also oversees seven non-discretionary accounts totaling $32.4 million in assets under management. Wellington Shields & Co., LLC supervises an average of $922,468 in assets for each client account. The average advisor at Wellington Shields & Co., LLC administers around 32 client accounts, making it about average in terms of personalization.
The company's central office is at 140 Broadway, New York, New York 10005. Wellington Shields & Co., LLC is registered to serve investors throughout 16 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Wellington Shields & Co., LLC by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$382.8 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
23
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
415
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$922.5 thousand
Fee Structure
Fees charged by financial advisors usually depend on the financial services offered. Fees charged by Wellington Shields & Co., LLC most likely include any combination of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 32% of firms
Fixed
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 10% of firms that offer this fee type
Other
Types of Clients
Wellington Shields & Co., LLC caters to retail investors, high net worth investors and corporations. Out of its 415 clients, Wellington Shields & Co., LLC's biggest client group by number of accounts is retail investors, but it also serves 125 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management 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). Just 2% of the company's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 30.41%
- Other Individuals - 67.88%
- Corporations - 1.7%
- 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
Wellington Shields & Co., LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Wellington Shields & Co., LLC
Locust Valley, NY
Thomasville, GA
New York, NY
New York, NY
New York, NY
Shelburne Falls, MA
New York, NY
New York, NY
New York, NY
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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