SEC-registered wealth management firm Broker-dealer affiliated
Wellington Shields & Co., LLC
As of its Form ADV filed March 17, 2026, Wellington Shields & Co., LLC, an SEC-registered, broker-dealer affiliated wealth management firm in New York, New York, reported $546.0 million in regulatory assets under management across 593 accounts, ranking #207 among all wealth firms in New York by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 149021
- SEC file number
- 801-70755
- Registered since
- March 9, 2010
- Latest Form ADV filing
- March 17, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 2
Key figures
- Regulatory assets under management
- $546.0 million
- Discretionary
- $511.1 million (93.6%)
- Non-discretionary
- $34.8 million
- Accounts
- 593 (586 discretionary)
- Clients
- 586, approximate as reported
- Employees
- 25
- Advisory staff
- 15 performing investment advisory functions
- Average account
- $920,682
- Asset growth, 1 year
- 15.9% (from $470.9 million a year earlier)
- Asset growth, 3-year annual rate
- 12.6% (from $382.8 million three years earlier)
- Asset growth, 5-year annual rate
- 8.6% (from $362.2 million five years earlier)
- Client growth, 1 year
- 12.9% (from 519)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $135.2 million |
| October 3, 2011 | $128.4 million |
| October 1, 2012 | $228.9 million |
| October 1, 2013 | $244.7 million |
| October 1, 2014 | $217.1 million |
| October 1, 2015 | $246.9 million |
| October 3, 2016 | $218.7 million |
| October 2, 2017 | $278.5 million |
| October 1, 2018 | $255.2 million |
| October 1, 2019 | $258.4 million |
| October 1, 2020 | $307.9 million |
| October 4, 2021 | $362.2 million |
| October 3, 2022 | $419.8 million |
| October 5, 2023 | $382.8 million |
| October 1, 2024 | $408.7 million |
| September 2, 2025 | $470.9 million |
| October 2, 2026 | $546.0 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 164 clients | $419.0 million | |
| Individuals (other than high net worth) 416 clients | $78.5 million | |
| Corporations or other businesses 6 clients | $37.2 million | |
| Charitable organizations fewer than 5 clients | $10.0 million | |
| Pension and profit sharing plans fewer than 5 clients | $1.3 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
Advisory services
- Portfolio management for individuals or small businesses
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
Custody (Item 9)
The firm reported custody of client cash or securities, $524.5 million in total.
Investment adviser representatives
- IARs registered with the firm
- 23
- Also registered through a broker-dealer
- 22
- Employees who are IARs (Form ADV 5.B(3))
- 18
Designations held by the firm's IARs: CFA 1, CFP 1.
Between 4 and 8 of the firm's 23 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 1 disclosure question. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in New York
| Firm | City | RAUM |
|---|---|---|
| Ogorek Wealth Management, LLC | Williamsville | $558.9 million |
| Premier Wealth Advisors, LLC | New York | $555.1 million |
| Heller Wealth Management | Melville | $553.9 million |
| Palumbo Wealth Management LLC | Great Neck | $543.4 million |
| Gagnon Securities, LLC | New York | $529.7 million |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Wellington Shields & Co., LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.wellingtonshields.com
- Wealth management firms in New York
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.