Wellington Shields & Co. (WSC) offers continuous investment advice based on individual client needs. They establish goals and objectives through discussions with clients, considering their circumstances, time horizons, risk tolerance, and liquidity needs. WSC then creates and manages a portfolio based on those guidelines. WSC also sponsors a wrap-fee program that bundles advisory and brokerage execution services for one all-inclusive fee. WSC is also a broker-dealer.
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.