Philip Walkley
Philip Walkley is a registered investment advisor at Wellington Shields & CO., LLC, based in New York, NY, with 42 years of industry experience. Philip operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 519 clients with $470M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Wellington Shields & Co. charges an annual fee based on a percentage of the assets they manage. The exact percentage varies depending on the portfolio manager and the type of portfolio:
- Equity and Balanced Portfolios: 0.20% up to 1.50% per year
- Fixed Income Portfolios: 0.20% up to 0.75% per year
The fee is calculated quarterly based on the value of the account and is paid in arrears. Fees are negotiable and may vary based on client type, pre-existing relationships, assets under management, and service requirements. The P.G. Group of WSC has a slightly different fee schedule.
Location
60 Broad Street, 39th Floor, New York, NY, 10004
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Employment History
Current Registrations
Wellington Shields & CO., LLC
Wellington Shields & CO., LLCBroker
Previous Registrations
H. G. Wellington & CO. INC. Capital Management Division
H. G. Wellington & CO., INC.Broker
Smith Barney Shearson INC.Broker
Drexel Burnham Lambert IncorporatedBroker
State Registrations24 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.