David Shields
David Shields is a registered investment advisor at Wellington Shields Capital Management, LLC, based in New York, NY, with 59 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 523 clients with $1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Wellington Shields Capital Management charges an annual investment management fee based on a percentage of the assets they manage. The exact fee schedule may vary depending on the specific portfolio manager handling the account.
For equity and balanced portfolios, the fee ranges from 0.20% up to 1.50% per year. For fixed income portfolios, the fee ranges from 0.20% up to 0.75% per year. Fees are paid quarterly in arrears, either withdrawn directly from the client's account or billed directly to the client.
Location
60 Broad St., 39th Floor, New York, NY, 10004
Get directionsHistory
Regulatory History (1)
Customer Dispute
December 2002Other Business Activities
David is an interested trustee for Capital Management Investment Trust, overseeing fund activity since 1994. He also serves as a managing director for Wellington Shields Capital Management and a director for Capital Management Associates, Inc., both registered investment advisors, overseeing firm activities since 2010 and 1982 respectively.
Employment History
Current Registrations
Wellington Shields Capital Management, LLC
Wellington Shields & CO., LLCBroker
Previous Registrations
Shields & CompanyBroker
State Registrations10 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.