Rajiv Shah has been Chief Compliance Officer of Shellman Investment Management since June 2022, is a control person of the firm and directly owns under 5% of it. Rajiv Shah holds a Bachelor of Arts degree in Psychology from State University of New York and an MBA from the University of North Florida.
Shellman Investment Management, LLC is a Coral Gables, FL firm with $210M under management, 134 clients and 3 advisers in one office, as of its March 2026 filing.
Rajiv Shah is Chief Compliance Officer of Shellman Invest. He is founder and Managing Director of RKS Consulting Services LLC, which offers consulting services primarily to small and medium size brokerage firms and investment advisers. Before establishing it, he worked in various compliance and senior manager roles at Deutsche Bank, Kovack Securities, TD Ameritrade and Waddell & Reed. He has over 20 years experience in the financial industry.
Rajiv Shah’s longest registration is the current one, 8 years at Lazari Capital Management, Inc. since 2018. Before joining Shellman Investment Management in 2024, Rajiv Shah was registered through Innova Advisors and Puente Asesoramiento De Inversiones, LLC.
- Seminario Asset Management LLCAlso current– present · under a yearCoral Gables, FL · Adviser representative · Firm CRD 339039
- Innovayte CapitalAlso current– present · under a yearWeston, FL · Adviser representative · Firm CRD 333275
- Zest– · under a yearWeston, FL · Adviser representative · Firm CRD 316889
- VLB Capital– · under a yearWeston, FL · Adviser representative · Firm CRD 324885
- – present · 2 yearsWeston, FL · Adviser representative · Firm CRD 316579
- Innova Advisors– · 2 yearsWeston, FL · Adviser representative · Firm CRD 318958
- Puente Asesoramiento De Inversiones, LLC– · 2 yearsWeston, FL · Adviser representative · Firm CRD 311609
- Lazari Capital Management, Inc.Also current– present · 8 yearsBurbank, CA · Adviser representative · Firm CRD 172932
- Next Financial Group, Inc.– · under a yearSaint Augustine, FL · Adviser representative · Firm CRD 46214
- Deutsche Bank Securities Inc.– · under a yearJacksonville, FL · Adviser representative · Firm CRD 2525
- Kovack Advisors, Inc.– · 3 yearsFT. Lauderdale, FL · Adviser representative · Firm CRD 140808
- Crescent Palm Capital Partners LLC– · under a yearClearwater, FL · Adviser representative · Firm CRD 156095
- Amerivest Investment Management, LLC– · 2 yearsFT Lauderdale, FL · Adviser representative · Firm CRD 111514
- TD Ameritrade, Inc.– · 2 yearsFT. Lauderdale, FL · Adviser representative · Firm CRD 7870
- Waddell & Reed, Inc.– · 3 yearsJacksonville, FL · Adviser representative · Firm CRD 866
- Metlife Securities Inc.– · under a yearSpringfield, IL · Adviser representative · Firm CRD 14251
- Prudential Financial Planning Services– · under a yearTampa, FL · Adviser representative · Firm CRD 5685
- Prudential Securities Incorporated– · 1 yearTampa, FL · Adviser representative · Firm CRD 7471
Investment adviser representative registrations
Rajiv Shah is registered as an investment adviser representative in 3 states, as a resident of Texas. The first approvals date from May 2018; the most recent is Texas, in November 2025.
- CaliforniaSince 16 May 2018
- FloridaSince 22 May 2018
- TexasResidentSince 23 November 2025
Examinations
| Exam | Name | Passed |
|---|---|---|
| Series 30 | NFA Branch Manager Examination | 16 February 2026 |
| Series 3 | National Commodity Futures Examination | 1 February 2026 |
| Series 26 | Investment Company Products/Variable Contracts Principal Examination | 2 January 2023 |
| Series 52TO | Municipal Securities Representative Examination | 2 January 2023 |
| Series 57TO | Securities Trader Exam | 2 January 2023 |
| Series 99TO | Operations Professional Examination | 2 January 2023 |
| Series 82TO | Limited Representative-Private Securities Offerings | 2 January 2023 |
| SIE | Securities Industry Essentials Examination | Credited |
| Series 27 | Financial and Operations Principal Examination | 13 November 2012 |
| Series 55 | Limited Representative-Equity Trader Exam | 9 April 2012 |
| Series 53 | Municipal Securities Principal Examination | 14 November 2011 |
| Series 4 | Registered Options Principal Examination | 1 September 2011 |
| Series 24 | General Securities Principal Examination | 15 June 2004 |
| Series 65 | Uniform Investment Adviser Law Examination | 3 August 2001 |
| Series 7 | General Securities Representative Examination | 6 September 2000 |
| Series 63 | Uniform Securities Agent State Law Examination | 28 June 2000 |
| Series 6 | Investment Company Products/Variable Contracts Representative Examination | 27 December 1998 |
- Name
- NFA Branch Manager Examination
- Name
- National Commodity Futures Examination
- Name
- Investment Company Products/Variable Contracts Principal Examination
- Name
- Municipal Securities Representative Examination
- Name
- Securities Trader Exam
- Name
- Operations Professional Examination
- Name
- Limited Representative-Private Securities Offerings
- Name
- Securities Industry Essentials Examination
- Name
- Financial and Operations Principal Examination
- Name
- Limited Representative-Equity Trader Exam
- Name
- Municipal Securities Principal Examination
- Name
- Registered Options Principal Examination
- Name
- General Securities Principal Examination
- Name
- Uniform Investment Adviser Law Examination
- Name
- General Securities Representative Examination
- Name
- Uniform Securities Agent State Law Examination
- Name
- Investment Company Products/Variable Contracts Representative Examination
- Full name
- Rajiv Kirit Shah
- CRD
- 3162156
- Firm
- Shellman Investment Management · CRD 316579
- Role
- Chief Compliance Officer
- Office
- Weston, FL
- Registration
- Investment adviser and broker registrations
- In the industry since
- July 2003
- Disciplinary history
- Not yet shown here · SEC record · BrokerCheck
- Firm bio
- shellmaninvest.com
Where does Rajiv Shah work?
Rajiv Shah has been Chief Compliance Officer of Shellman Investment Management, LLC since June 2022, and is a control person of the firm.
Is Rajiv Shah a financial advisor?
Yes. Rajiv Shah has a current investment-adviser registration in California, Florida and Texas, through Shellman Investment Management since February 2024.
How many years of experience does Rajiv Shah have?
Rajiv Shah has 23 years in the financial industry, since July 2003, across 18 adviser firms.
What exams has Rajiv Shah passed?
Rajiv Shah has passed 16 licensing exams: the Series 6, Series 63, Series 7, Series 65, Series 24, Series 4, Series 53, Series 55, Series 27, Series 26, Series 52TO, Series 57TO, Series 99TO, Series 82TO, Series 3 and Series 30. The earliest, the Series 6, was passed in December 1998. FINRA credited Rajiv Shah with the SIE, which began in October 2018.
Where did Rajiv Shah work before Shellman Investment Management?
Before Shellman Investment Management, Rajiv Shah was registered through Puente Asesoramiento De Inversiones, LLC, May 2021 to June 2023; Next Financial Group, Inc., July 2017 to July 2017; Deutsche Bank Securities Inc., October 2014 to June 2015; Kovack Advisors, Inc., May 2011 to September 2014; Crescent Palm Capital Partners LLC, April 2011 to January 2012; Amerivest Investment Management, LLC, May 2008 to August 2010; TD Ameritrade, Inc., May 2008 to August 2010; Waddell & Reed, Inc., February 2005 to May 2008; Metlife Securities Inc., March 2004 to January 2005; Prudential Financial Planning Services, March 2003 to January 2004; Prudential Securities Incorporated, June 2001 to October 2002.
Where is Rajiv Shah based?
Rajiv Shah’s registered office is in Weston, FL.
Is Rajiv Shah registered with FINRA?
Yes. Rajiv Shah has a current broker registration, under CRD 3162156.
Source: FINRA BrokerCheck
How can I verify Rajiv Shah’s record?
Search CRD 3162156 on the SEC’s adviser search (adviserinfo.sec.gov) and FINRA’s broker search (brokercheck.finra.org), which publish Rajiv Shah’s full registration record.
