Wellington Shields & Co., LLC
Registered investment adviser · New York, NY · CRD #149021
Form ADV data as of 2026-09-01Regulatory assets
$546.0 million
Total accounts
593
Employees
25
Disclosure events
1
Firm details
- Website: http://www.wellingtonshields.com
- Telephone: 212-320-2000
- SEC file number: 801-70755
- Most recent Form ADV filing: 2026-03-17
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.
- A self-regulatory organization found a violation of its rules
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $511.1 million |
| Non-discretionary regulatory assets under management | $34.8 million |
| Total regulatory assets under management | $546.0 million |
| Discretionary accounts | 586 |
| Non-discretionary accounts | 7 |
| Total accounts | 593 |
| Regulatory assets under management attributable to non-U.S. persons | $1.9 million |
People
| Total employees (excluding clerical) | 25 |
| Employees performing investment advisory functions (including research) | 15 |
| Employees who are registered representatives of a broker-dealer | 19 |
| Employees registered as investment adviser representatives with a state | 18 |
| Employees registered as IARs for another investment adviser | 6 |
| Employees who are licensed insurance agents | 4 |
| Firms or persons who solicit advisory clients on the firm's behalf | 0 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $524.5 million |
| Clients for whom the firm has custody | 592 |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | No |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 1 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Recommends securities for which it serves as underwriter or general partner
- Recommends securities in which it has another sales interest
- Brokers or dealers selected under 8.C.(3) are related persons
- Recommends brokers or dealers to clients
- Brokers or dealers recommended under 8.E. are related persons
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 416 | $78.5 million |
| High net worth individuals | 164 | $419.0 million |
| Pension and profit sharing plans (not the participants or government plans) | 0 | $1.3 million |
| Charitable organizations | Not reported | $10.0 million |
| Corporations or other businesses not listed above | 6 | $37.2 million |