Wellington Shields & Co., LLC
Assets Under Management
$470.9M
Number of Clients
519
Number of Advisors
29
Average Client AUM
$907K
AUM per Advisor
$16.2M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Wellington Shields & Co., LLC (WSC) sponsors a wrap-fee program providing advisory, custody, and brokerage execution services for one all-inclusive fee. WSC offers discretionary and non-discretionary portfolio management services customized to meet client needs and investment objectives. Investments include equity, balanced, and fixed income mandates.
Fee Structure
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
Location
60 Broad St., 39th Floor, New York, NY, 10004