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 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

    $382.8 million

    Number of Advisors

    13

    Disclosures

    No

    Office Location

    140 Broadway
    New York, NY 10005

    Wellington Shields & Co., LLC by the Numbers

    Total Assets Under Management

    $382.8 million

    National Average: $8.6 billion
    Total Number of Employees

    23

    National Average: 64
    Total Number of Accounts

    415

    National Average: 375,227
    Average Account Size

    $922.5 thousand

    National Average: $23.0 thousand
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    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

    • 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.

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    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

    James Fahey
    Locust Valley, NY
    Robert Oneal
    Thomasville, GA
    Roberta Stafford
    New York, NY
    Anthony Daprato
    New York, NY
    Mark Pankoff
    New York, NY
    Timothy Gaulin
    Shelburne Falls, MA
    Donald Chappell
    New York, NY
    Mark Sperry
    New York, NY
    Charles Thompson
    New York, NY

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