Shellman Investment Management provides portfolio management for individuals and small businesses.
Shellman Investment Management reports 134 clients. They include 93 high-net-worth individuals, 40 individual clients and 1 corporate or other business client. Of its assets, 100.0% ($210M across 178 accounts) are managed with discretion. Of its clients, 98% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 30% | 18% |
| High-net-worth individuals | 69% | 71% |
| Corporations and other businesses | <1% | 12% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 40 | $36.7M | 17.5% | $918K |
| High-net-worth individuals | 93 | $148M | 70.7% | $1.59M |
| Corporations and other businesses | 1 | $24.8M | 11.8% | $24.8M |
| Total | 134 | $210M | 100% | $1.56M |
- Clients
- 40
- Regulatory AUM
- $36.7M
- AUM share
- 17.5%
- Avg. per client
- $918K
- Clients
- 93
- Regulatory AUM
- $148M
- AUM share
- 70.7%
- Avg. per client
- $1.59M
- Clients
- 1
- Regulatory AUM
- $24.8M
- AUM share
- 11.8%
- Avg. per client
- $24.8M
Total
- Clients
- 134
- Regulatory AUM
- $210M
- AUM share
- 100%
- Avg. per client
- $1.56M
- Clients outside the U.S.
- 98%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Shellman Investment Management charges 0.50%–1.22% a year for its Portfolio management services. Each asset band is charged at its own rate. The fee is billed in advance and is not negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.22% |
| $1M–$2M | 0.98% |
| $2M–$3M | 0.74% |
| $3M and above | 0.50% |
Fee details and sources
Stephanie Shellman owns 75% or more of Shellman Investment Management. Stephanie Shellman is CEO; the leadership team includes Chief Compliance Officer Rajiv Shah. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 broker-dealer rep
- 1 soliciting firm
- Owns 75% or more of Shellman Investment Management, LLC
Stephanie Shellman
Control person · since September 2008
Shellman Investment Management’s regulatory assets grew Infinity× from $0 (July 2022) to $210M (March 2026); employees rose from 2 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $210M | 134 | 4 | 1 |
| Mar 2025March 2025 | $157M | 110 | 4 | 1 |
| Jun 2024June 2024 | $139M | 102 | 3 | 1 |
| Apr 2023April 2023 | $145M | 89 | 3 | 1 |
| Jul 2022July 2022 | $0 | 0 | 2 | 1 |
Besides its headquarters, Shellman Investment Management has 0 offices, with 1 listed address in 1 state.
Florida · 1 listed address
- 2525 Ponce De Leon BLVD, #300, Coral GablesHQ
Contact and registration details
- Legal name
- Shellman Investment Management, LLC
- Headquarters
- 2525 Ponce De Leon BLVD, #300, Coral Gables, FL 33134
- Website
- shellmaninvest.com
- Phone
- 786-655-6180
- SEC file
- 801-123508
- Structure
- Delaware LLC
- Fiscal year end
- December
Shellman Investment Management’s named custodians for separately managed accounts are Morgan Stanley ($153M, 85%) and Pershing ($27.3M, 15%). Shellman Investment Management does not have custody of client assets.
- Morgan StanleyMorgan Stanley & Co. LLC · New York, NY · $153M85%
- PershingPershing LLC · Jersey City, NJ · $27.3M15%
At year end, Shellman Investment Management’s separately managed accounts were mostly in funds (84%) and cash (12%).
What the accounts hold
- Funds84%
- Bonds4%
- Cash12%
How many clients does Shellman Investment Management have?
Shellman Investment Management has 134 clients and manages $210 million for them, as of March 2026. They include 93 high-net-worth individuals, 40 individual clients and 1 corporate or other business client.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Shellman Investment Management offer?
Shellman Investment Management provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Shellman Investment Management charge?
Shellman Investment Management charges 0.50%–1.22% a year for its Portfolio management services. Each asset band is charged at its own rate. The fee is billed in advance and is not negotiable.
Source: SHELLMAN INVESTMENT MANAGEMENT, LLC FORM ADV PART 2 BROCHURE, filed 24 March 2026
Which custodians does Shellman Investment Management use?
Shellman Investment Management’s separately managed account assets are held at Morgan Stanley & Co. LLC (New York, NY), with $153M and Pershing LLC (Jersey City, NJ), with $27.3M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Shellman Investment Management have?
Shellman Investment Management has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Shellman Investment Management invest in?
At the end of its last fiscal year, Shellman Investment Management’s separately managed accounts held 84% registered funds (mutual funds, ETFs, BDCs), 12% cash and equivalents and 4% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Shellman Investment Management?
Shellman Investment Management’s direct owner is Stephanie Shellman (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Shellman Investment Management get paid?
Shellman Investment Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Shellman Investment Management?
Shellman Investment Management’s main office is at 2525 Ponce De Leon BLVD, #300, Coral Gables, FL 33134. Its phone number is 786-655-6180. Its website is shellmaninvest.com.
