WSC is a dually registered broker-dealer and investment advisor- with its principal place of business located in New York, New York. WSC is registered with the SEC and began conducting business in July 2010. Listed below are the firm’s principal shareholders (i.e., those individuals and/or entities directly or indirectly controlling 25% or more of the company).
• Wellington Shields Holdings, LLC
• Shields & Company
• H.G. Wellington & Company Our firm offers the following advisory services: Portfolio Management Services Our firm provides investment supervisory services in the form of continuous advice to a client regarding the investment of client funds based on the individual needs of the client. WSC provides discretionary and non-discretionary portfolio management advisory services. Through personal discussions with clients, goals and objectives based on a client's particular circumstances are established. During our data-gathering process, we have discussions with the client to obtain their individual objectives, time horizons, risk tolerance, and liquidity needs. WSC then develops t h e client's personal investment guidelines and creates and manages a portfolio based on those guidelines. Account supervision is guided by the stated objectives of the client. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. In order to ensure that our initial determination of an appropriate portfolio continues to be suitable and that the client's account continues to be managed in a manner suitable to the client's financial circumstances, we will maintain client suitability information in the client's file. It is the client’s responsibility to let us know whether there have been any changes in the client's financial situation and investment objectives and whether the client wishes to impose investment restrictions or modify existing restrictions. Our investment recommendations are not

limited to any specific product or service offered by a broker dealer or insurance company. Client portfolio holdings may also include exchange-listed and over-the-counter securities, option contracts on securities, no-load or load-waived mutual funds, exchange traded funds, unit investment trusts, corporate debt securities, United States governmental and agency securities, (e.g., U.S. Treasuries, GNMAs, etc.), certificates of deposit, warrants, commercial paper, and municipal securities. WSC is the sponsor of a wrap-fee program (the “Wrap-Fee Program”), which is a program that provides Clients with advisory and brokerage execution services for one all-inclusive fee (the “Fee”). This means that the cost of WSC’s investment advisory services, the cost of executing brokerage transactions and custodial fees are “wrapped” into a single annual fee based on the value of the Client’s portfolio. Investments offered through the Wrap-Fee Program include equity, balanced and fixed income mandates. The Investment Advisor Representative ( “IAR”) continuously manages equity, balanced & fixed-income portfolios, where appropriate, based on the individual needs of a Client. Clients may refer to the WSC wrap-fee program brochure for more information. The Advisory Brokerage Group provides an alternative to WSC’s advisory services and offers a Wellington Shields brokerage account managed by an Advisory Brokerage Group professional registered representative on a discretionary basis. These client accounts are based upon commission charges on a trade-by-trade basis rather than an advisory fee. Occasional fundamental and/or technical research reports may be prepared and circulated to clients, without charge. Amount of Managed Assets As of 12/31/2023, we were actively managing a total of approximately $408,723,807 of clients’ assets. $370,791,080 of client’s assets on a discretionary basis and $37,932,727 on a non-discretionary basis.