Wellington Shields & Co., LLC

CRD#149021
Investment Advisor Firm

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Learn more about Wellington Shields & Co., LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Wellington Shields & Co., LLC is located at 140 Broadway, New York, NY. The firm employs 16 financial advisors to manage client portfolios and provide financial guidance. Wellington Shields & Co., LLC is a registered broker-dealer.

    Wellington Shields & Co., LLC oversees $408.7 million in assets under management across 493 accounts, of which 485 are discretionary and 8 are non-discretionary. The services offered include portfolio management for individuals and small businesses. The firm caters to retail investors, high net worth investors, and corporations, with retail investors being the largest client type by accounts. The fee structure at Wellington Shields & Co., LLC includes asset-based and fixed fees. The firm has 142 high net worth clients and maintains affiliations with a broker-dealer or securities dealer.

    Wellington Shields & Co., LLC is registered in the states of Arizona, California, Connecticut, Delaware, District of Columbia, Florida, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Texas, Vermont, and Virginia.

    Assets Under Management

    $408.7 million

    Number of Advisors

    16

    Disclosures

    No

    Office Location

    140 Broadway
    New York, NY 10005

    Wellington Shields & Co., LLC by the Numbers

    Total Assets Under Management

    $408.7 million

    National Average: $8.6 billion
    Total Number of Employees

    24

    National Average: 64
    Total Number of Accounts

    493

    National Average: 375,227
    Average Account Size

    $829.1 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees typically depend on the type of financial services provided. Fees billed by Wellington Shields & Co., LLC likely include some blend of the following fee types: asset-based or fixed. The firm does participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The firm provides services to retail investors, high net worth investors, and corporations. Out of its 3 clients, Wellington Shields & Co., LLC's biggest client type by number of accounts is high net worth investors, although it also serves 142 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 29.1%
    • Other Individuals - 69.88%
    • Corporations - 1.02%
    • 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

    Joseph Barbera
    New York, NY
    Patricia Powell
    Thomasville, GA
    Robert Oneal
    Thomasville, GA
    James Fahey
    Locust Valley, NY
    Roberta Stafford
    New York, NY
    Joseph Edwards
    Thomasville, GA
    Mark Pankoff
    New York, NY
    Anthony Daprato
    New York, NY
    Timothy Gaulin
    Shelburne Falls, MA

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