David Shields
Chief Executive Officer at Wellington Shields & Co. LLC (Investment Management)
Profile
Mr. David V.
Shields is a Chairman & Managing Member at Wellington Shields Capital Management LLC, a Chief Executive Officer & Managing Member at Wellington Shields & Co. LLC and a Vice Chairman & Co-Chief Executive Officer at Wellington Shields & Co. LLC.
He is on the Board of Directors at Boy Scouts of America /Greater New York Councils/.
He provides the leadership and direction for Wellington Shields and is actively involved in compliance, trading, and accounting, on a daily basis.
In addition, long-range planning, corporate culture, and profitability are overarching goals.
He oversees the firm’s relationship with our custody and clearing firm, First Clearing (FC), a subsidiary of Wells Fargo.
He has continued his ties to industry groups and regulators in Washington, to advocate for the industry in general and small firms in particular.
For the future, WSC is continuously looking to recruit professionals in the wealth management area who would be compatible with the firm’s evolving model.
In 2012, he became CEO and initiated cost controls and put a variety of divisions on strict P&Ls which slowly provided some positive results.
He started in the brokerage business as a research analyst in London with a NYSE firm.
He passed the Registered Representative exam of the NYSE (which later became the Series 7) to qualify as a broker while studying at the London School of Economics.
He joined the NYSE as a member in 1966 and continued active on the floor of the Exchange until 2006 when the NYSE went public.
In 1982, he was appointed Governor of the NYSE.
He continued on the floor as President of Shields & Co. while Jerry presided as Chairman upstairs in the office.
In 1986, he became the first floor broker elected to the Board of the NYSE and continued for three terms.
He received his undergraduate degree from the University of Pennsylvania and a graduate degree from London School of Economics & Political Science.
David Shields active positions
| Companies | Position | Start |
|---|---|---|
Wellington Shields Capital Management LLC
 Wellington Shields Capital Management LLC Investment ManagersFinance Wellington Shields Capital Management LLC (WSCM) is a SEC-registered investment advisor and wealth management firm headquartered in New York City. The firm was founded in 2010 and is a subsidiary of Wellington Shields Holdings LLC. WSCM provides discretionary and non-discretionary portfolio management advisory services to individuals, corporations, trust, estates, charitable organizations, pension and profit-sharing plans, as well as other types of businesses and institutional clients. | Chairman | 31/12/2022 |
Wellington Shields & Co. LLC
 Wellington Shields & Co. LLC Investment Banks/BrokersFinance Founded in 2008, Wellington Shields & Co. LLC is a broker/dealer located in New York City. The firm is a subsidiary of Wellington Shields Holdings LLC. Wellington Shields & Co was formed as the result of a merger between Shields & Company and H.G. Wellington & Co., Inc. The firm offers a variety of products and services including equity research and equity and fixed-income investment capabilities. Wellington Shields & Co. is a member of the NYSE, NASDAQ, FINRA and the SIPC. | Chief Executive Officer | - |
Wellington Shields & Co. LLC (Investment Management)
 Wellington Shields & Co. LLC (Investment Management) Investment ManagersFinance Wellington Shields & Co. LLC (Investment Management) (WSC-IM) is the wealth management division of Wellington Shields & Co. LLC, a brokerage firm headquartered in New York City. The firm was founded in 2010 and is a subsidiary of Wellington Shields Holdings LLC. WSC-IM provides discretionary and non-discretionary portfolio management advisory services to individuals, corporations, trust, estates, charitable organizations, pension and profit-sharing plans, banks and thrift institutions as well as other types of businesses and institutional clients. | Chief Executive Officer | - |
Boy Scouts of America /Greater New York Councils/
 Boy Scouts of America /Greater New York Councils/ Services to the Health IndustryHealth Services Boy Scouts of America provides support services to youth and families. The company was founded in 1910 and is headquartered in New York, NY. | Director/Board Member | - |
Former positions of David Shields
| Companies | Position | End |
|---|---|---|
Shields & Co.
 Shields & Co. Investment ManagersFinance Established in 1982, Shields & Co., formerly Capital Management Associates (CMA), is a registered investment adviser and mid-cap value manager for pension plans, foundations and endowments, hospitals and private clients. They also manage the Capital Management Mid-Cap and Small-Cap mutual funds. They are located in New York City. | President | 09/03/2010 |
NYSE Group, Inc.
 NYSE Group, Inc. Investment Banks/BrokersFinance NYSE Group, Inc. operates multiple securities stock exchange. It through its subsidiaries operates multiple securities market centers, including the New York Stock Exchange (NYSE) and NYSE Arca (formerly known as the Archipelago Exchange and the Pacific Exchange). It provides securities listings, market information products and services. It offers a range of investment vehicles and order execution services. It operate as electronic platform used to trade securities and security-related financial instruments. It is headquartered in New York, NY. | Corporate Officer/Principal | 24/02/2008 |
Training of David Shields
| University of Pennsylvania | Undergraduate Degree |
| London School of Economics & Political Science | Graduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 6 |
|---|---|
Shields & Co.
Shields & Co. Investment ManagersFinance Established in 1982, Shields & Co., formerly Capital Management Associates (CMA), is a registered investment adviser and mid-cap value manager for pension plans, foundations and endowments, hospitals and private clients. They also manage the Capital Management Mid-Cap and Small-Cap mutual funds. They are located in New York City. | Finance |
NYSE Group, Inc.
NYSE Group, Inc. Investment Banks/BrokersFinance NYSE Group, Inc. operates multiple securities stock exchange. It through its subsidiaries operates multiple securities market centers, including the New York Stock Exchange (NYSE) and NYSE Arca (formerly known as the Archipelago Exchange and the Pacific Exchange). It provides securities listings, market information products and services. It offers a range of investment vehicles and order execution services. It operate as electronic platform used to trade securities and security-related financial instruments. It is headquartered in New York, NY. | Finance |
Boy Scouts of America /Greater New York Councils/
Boy Scouts of America /Greater New York Councils/ Services to the Health IndustryHealth Services Boy Scouts of America provides support services to youth and families. The company was founded in 1910 and is headquartered in New York, NY. | Health Services |
Wellington Shields Capital Management LLC
Wellington Shields Capital Management LLC Investment ManagersFinance Wellington Shields Capital Management LLC (WSCM) is a SEC-registered investment advisor and wealth management firm headquartered in New York City. The firm was founded in 2010 and is a subsidiary of Wellington Shields Holdings LLC. WSCM provides discretionary and non-discretionary portfolio management advisory services to individuals, corporations, trust, estates, charitable organizations, pension and profit-sharing plans, as well as other types of businesses and institutional clients. | Finance |
Wellington Shields & Co. LLC (Investment Management)
Wellington Shields & Co. LLC (Investment Management) Investment ManagersFinance Wellington Shields & Co. LLC (Investment Management) (WSC-IM) is the wealth management division of Wellington Shields & Co. LLC, a brokerage firm headquartered in New York City. The firm was founded in 2010 and is a subsidiary of Wellington Shields Holdings LLC. WSC-IM provides discretionary and non-discretionary portfolio management advisory services to individuals, corporations, trust, estates, charitable organizations, pension and profit-sharing plans, banks and thrift institutions as well as other types of businesses and institutional clients. | Finance |
Wellington Shields & Co. LLC
Wellington Shields & Co. LLC Investment Banks/BrokersFinance Founded in 2008, Wellington Shields & Co. LLC is a broker/dealer located in New York City. The firm is a subsidiary of Wellington Shields Holdings LLC. Wellington Shields & Co was formed as the result of a merger between Shields & Company and H.G. Wellington & Co., Inc. The firm offers a variety of products and services including equity research and equity and fixed-income investment capabilities. Wellington Shields & Co. is a member of the NYSE, NASDAQ, FINRA and the SIPC. | Finance |
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