Wellington Shields & Co., LLC

Wellington Shields & Co., LLC is a registered investment adviser based in New York, established in July 2010. The firm offers portfolio management services, including discretionary and non-discretionary options, tailored to individual client needs. Clients can impose reasonable restrictions on investments, and the firm maintains client suitability information to ensure portfolios align with client objectives. Wellington Shields sponsors a wrap-fee program providing advisory and brokerage services for an all-inclusive fee based on portfolio value. The firm manages approximately $470 million in client assets, with fees ranging from 0.20% to 1.50% for equity and balanced portfolios, and 0.20% to 0.75% for fixed income portfolios. Clients may also access margin loans through BNY Pershing. Wellington Shields discloses potential conflicts of interest, such as receiving additional compensation from custodians and earning interest on margin loans. The firm does not charge performance-based fees and allows clients to direct brokerage. Wellington Shields conducts annual reviews of client accounts and undergoes an annual surprise custody audit. Clients receive regular statements and are encouraged to review them for accuracy. The firm discloses disciplinary events and maintains a Code of Ethics for personal securities transactions. Wellington Shields emphasizes fiduciary duty and transparency in its operations.