Wellington Shields & Co., LLC is a large advisory firm based in New York. It manages $258.37 million of regulatory assets for 213 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, Connecticut, Delaware, and 11 other states.
Wellington Shields & Co. provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wellington Shields & Co., LLC is $258.37 million. The firm's AUM has grown by 91% since the beginning of its operation, and $14.6 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wellington Shields & Co., LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Joseph Vincent Jr Shields is high net worth individuals with 67 clients and $204.93 million of assets under management. Among the 10 most similar advisory firms, Wellington Shields & Co. has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $251.9 million for 210 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.
Wellington Shields & Co. doesn't advise any private funds.
The company employs 21 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Joseph Vincent Jr Shields has been acting as President since 1 Oct 2008. Deceased Estate Of Joseph Vincent Shields Jr. joined the executive team most recently as the Owner.
The principal office where Wellington Shields & Co., LLC performs its advisory services is located at 140 Broadway, New York, NY 10005, which is also the mailing address of the firm. An additional office of the firm is in Thomasville, GA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-320-3000 or by fax 212-320-3040. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at wellingtonshields.com.