Broker-dealer firm · New York, NY
Wellington Shields & Co., LLC
SEC-registered investment adviser · CRD 149021 · SEC 801-70755
At a glance
Wellington Shields & Co., LLC is an SEC-registered investment adviser based in New York, New York, with $546 million in regulatory assets under management as of its Form ADV filed March 17, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 580 individual clients. By Form ADV it is a broker-dealer firm, ranked 203rd of 391 broker-dealer firms and 7,474th of 17,210 SEC-registered advisers by assets.
Main office 212-320-2000wellingtonshields.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $546M
- Rank among broker-dealer firms
- #203 of 391
- Rank among all SEC RIAs
- #7,474 of 17,210
- Rank in New York
- #1,434 of 2,591
- Individual clients
- 580
- High-net-worth clients
- 164
- Accounts
- 593
- Discretionary
- 94% of AUM
- Employees
- 25
- Advisory staff
- 15
- Offices
- 3
Owners and executives on its Form ADV
- Joseph Nicholas CembrolaMember Operations
- Philip Michael CurcuruCfo/coo
- Thomas Waters GrantManaging Member
- Paul Immo Jr GuldenManaging Member
- Laurence Arthur ShadekManaging Member/secy
- David Vincent ShieldsChairman/managing Member
- Mark Porter SperryMember
- Stephen John PortasPresident, Chief Compliance Officer
- Edward Kenneth MarchSVP, Head of Trading, Msrb Principal, Srop/crop
- William Jameson McFaddenCEO
Custody and brokerage
Broker-dealer
Hybrid RIA
Wellington Shields & Co., LLC is a hybrid RIA: 19 of its employees are also registered representatives of a broker-dealer. It reports a broker-dealer among its affiliates on Form ADV.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 164 | $419M | 77% |
| Individuals | 416 | $78M | 14% |
| Corporations or other businesses | 6 | $37M | 7% |
| Charitable organizations | – | $10M | 2% |
| Pension and profit sharing plans | – | $1M | <1% |
Disciplinary disclosures
Wellington Shields & Co., LLC answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗wellingtonshields.com ↗
AtlasMembers
The full record on Wellington Shields & Co., LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 149 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 10 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Wellington Shields & Co., LLC manage?
Wellington Shields & Co., LLC reports $546 million in regulatory assets under management across 593 accounts, 94% of it on a discretionary basis, on its Form ADV filed March 17, 2026.
What kind of firm is Wellington Shields & Co., LLC?
Wellington Shields & Co., LLC is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Wellington Shields & Co., LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($419 million, 164 clients); individuals ($78 million, 416 clients); corporations or other businesses ($37 million, 6 clients).
Does Wellington Shields & Co., LLC have any disciplinary history?
Wellington Shields & Co., LLC answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Wellington Shields & Co., LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-17), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →