Wellington Shields & Co., LLC
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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

$382.8 million

23

415

$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
-
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
-
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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