Wellington Shields & Co., Llc
SEC-registered
Insurance-Affiliated · Small ($100M–$1B)
CRD 149021
· SEC file 801-70755
· New York, NY
· WWW.WELLINGTONSHIELDS.COM
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ADV data as of Mar 17, 2026
- Regulatory AUM
- $546M
- Discretionary
- $511M
- Clients
- 586
- Avg AUM / client
- $932K
- Accounts
- 593
- Employees
- 25
AUM over time
$217M
$546M
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 17, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 416 | $78.5M | 14.4% |
| High net worth individuals | 164 | $419M | 76.7% |
| Pension and profit sharing plans | 0 | $1.3M | 0.23% |
| Charitable organizations | Fewer than 5 clients | $10.0M | 1.84% |
| Corporations and other businesses | 6 | $37.2M | 6.81% |
People (32)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| David Vincent Shields | Chairman/Managing Member | Oct 2008 (18y) | 25% – 50% of Shields & Company (indirect) | |
| Mark Porter Sperry | Member | Oct 2008 (18y) | Less than 5% | |
| Shadek, Laurence, Arthur | Managing Member/Secy | Oct 2008 (18y) | ≈ 4.69% – 25% via H.G. Wellington & Co. | |
| Cembrola, Joseph Nicholas | Member Operations | Nov 2008 (18y) | Less than 5% | |
| Curcuru, Philip, Michael | Cfo/Coo | Nov 2008 (18y) | Less than 5% | |
| Paul Immo Gulden | Managing Member | Nov 2008 (18y) | Less than 5% | |
| Shadek, James Mcclenahan | Member Sales | Nov 2008 (18y) | Less than 5% | |
| Thomas Waters Grant | Managing Member | Nov 2008 (18y) | Less than 5% | |
| Shields, David, Larus | Shareholder | Oct 2009 (17y) | 25% – 50% of Shields & Company (indirect) | |
| William Jameson Mcfadden | Ceo | Oct 2009 (17y) | 25% – 50% of Shields & Company (indirect) | |
| March, Edward Kenneth | Svp, Head Of Trading, Msrb Principal, Srop/Crop | Jul 2011 (15y) | Less than 5% | |
| Stephen John Portas | President, Chief Compliance Officer | Aug 2021 (5y) | Less than 5% | |
| Deborah Beaufait Gaskins | Registered representative | Mar 2010 (16y) | ||
| Georges Carter Boyer | Registered representative | Mar 2010 (16y) | ||
| Kristina Metz Furnari | Registered representative | Mar 2010 (16y) | ||
| Philip Francis Walkley | Registered representative | Mar 2010 (16y) | ||
| Scott Robert Purinton | Registered representative | Mar 2010 (16y) | ||
| Alexander Maclin Cripps | Registered representative | CFA | Mar 2010 (16y) | |
| Patricia Diane Powell | Registered representative | Feb 2015 (11y) | ||
| James Edward Fahey | Registered representative | Feb 2017 (9y) | ||
| Robert Kenneth Oneal | Registered representative | Dec 2017 (9y) | ||
| Mark Donald Pankoff | Registered representative | Jul 2018 (8y) | ||
| Noel Kezsbom | Registered representative | Oct 2018 (8y) | ||
| Ellen Purinton | Registered representative | Jun 2021 (5y) | ||
| Anthony Joseph Daprato | Registered representative | Sep 2021 (5y) | ||
| Donald E Chappell | Registered representative | Sep 2021 (5y) | ||
| Guy Maxwell Ule | Registered representative | Jan 2022 (5y) | ||
| Timothy Gaulin | Registered representative | CFP | Dec 2022 (4y) | |
| Joseph Barbera | Registered representative | Jun 2023 (3y) | ||
| Charles Richard Thompson | Registered representative | Jan 2025 (2y) | ||
| William Shelton Hayes | Registered representative | Feb 2025 (1y) | ||
| William Robert Purinton | Registered representative | Jul 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Wellington Shields Holdings, Llc | Owner | Nov 2008 | A | 75% or more |
| Shields & Co. | Owner | Nov 2008 | B | ≈ 37.5% – 75% via Wellington Shields Holdings, Llc |
| H.G. Wellington & Co. | Owner | Nov 2008 | B | ≈ 18.75% – 50% via Wellington Shields Holdings, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Shadek, Laurence, Arthur: 25% – 50% of H.G. Wellington & Co. × 25% – 50% of Wellington Shields Holdings, Llc × 75% – 100% direct ≈ 4.69% – 25% of the firm
- Shields & Co.: 50% – 75% of Wellington Shields Holdings, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- H.G. Wellington & Co.: 25% – 50% of Wellington Shields Holdings, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/17/2026 | 1.17 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
Services
- • Portfolio management for individuals/small businesses
Custody
Reported custodians
- Pershing $524M (96% of AUM) Mar 2026
- Wells Fargo $391M (96% of AUM) Oct 2024
- BNY Mellon $34.0M (13% of AUM) Nov 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 17, 2026.
View current Form ADV (SEC/IAPD) ↗