Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
29 advisors
Number of Clients
519 clients
Average Client Portfolio
$907K average
Assets Under Management
$470.9M

Fee Structure

Financial Planning:Investment management only

WSC offers a wrap-fee program where clients pay a single annual fee based on their portfolio's value, covering advisory, custody, and brokerage services. The fee is subject to negotiation but is based on an annualized rate of up to 1.5%. Fees vary based on client type, pre-existing relationships, assets under management, and service requirements. Clients may incur additional expenses for mutual funds, ETFs, and ETNs. The fee does not include exchange fees, SEC fees, transfer taxes, or certain brokerage-related fees.

Areas of Practice
Investment Management
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Advisor Information

Office location

60 Broad Street, 39th Floor, New York, NY, 10004

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Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Employment Separation After Allegations
August 1977
Employment History
Current Registrations
Wellington Shields & Co., LLC Broker
October 2018 - Present · 7 yrs 3 mos
Wellington Shields & Co., LLC
October 2018 - Present · 7 yrs 3 mos
Previous Registrations
Janney Montgomery Scott LLC
June 2007 - October 2018 · 11 yrs 4 mos
Janney Montgomery Scott LLC Broker
February 2003 - October 2018 · 15 yrs 8 mos
RBC Dain Rauscher INC. Broker
March 2002 - March 2003 · 1 yr
Tucker Anthony IncorporatedBroker
February 1988 - March 2002 · 14 yrs 1 mo
L. F. Rothschild & CO. IncorporatedBroker
November 1980 - February 1988 · 7 yrs 3 mos
Prescott, Ball & TurbenBroker
August 1978 - December 1980 · 2 yrs 4 mos
Prescott, Ball & TurbenBroker
October 1977 - August 1978 · 10 mos
Moore & Schley, Cameron & CO.Broker
August 1976 - October 1977 · 1 yr 2 mos
Moore & Schley, Cameron & CO.Broker
October 1973 - September 1974 · 11 mos
Heine, Fishbein & CO INCBroker
August 1973 - September 1976 · 3 yrs 1 mo
Herold Kastor & Gerald IncorporatedBroker
July 1969 - September 1973 · 4 yrs 2 mos
State Registrations9 states
CAFLMDNCNJNYOHPAVA
AdvisorBrokerBoth
Exams
No exam information available for this advisor.