AdvisorCensus / Financial advisors / Florida / Miami / Shellman Investment Management, LLC
Shellman Investment Management, LLC is an SEC-registered investment advisory firm in Coral Gables, FL, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.
Quick answers
From the filingHow is Shellman Investment Management, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Shellman Investment Management, LLC reports these compensation arrangements: a percentage of assets under its management.
What does Shellman Investment Management, LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 24, 2026 states: Up to $1,000,000: 1.22% a year; $1,000,000 to $2,000,000: 0.98% a year; $2,000,000 to $3,000,000: 0.74% a year; Above $3,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Shellman Investment Management, LLC located?
Shellman Investment Management, LLC's principal office is in Coral Gables, FL, according to its Form ADV.
Is Shellman Investment Management, LLC registered with the SEC or a state?
Shellman Investment Management, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 316579.
How much does Shellman Investment Management, LLC manage?
Shellman Investment Management, LLC reports $209,606,890 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary).
How have Shellman Investment Management, LLC's assets and staff changed since 2022?
In the Form ADV data for Shellman Investment Management, LLC: Regulatory assets under management: $0 in the October 2022 data and $209,606,890 in the October 2026 data. Total employees: 2 in October 2022 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Shellman Investment Management, LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (93); individuals (other than high net worth individuals) (40); corporations or other businesses not listed above (1).
Which custodians does Shellman Investment Management, LLC use?
Shellman Investment Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley & Co. LLC and Pershing LLC (affiliated with the firm) as custodians holding 10% or more of its separately managed account assets.
Does Shellman Investment Management, LLC report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/316579
Does Shellman Investment Management, LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 24, 2026 says: "Generally, we require a minimum of $100,000 to establish an advisory relationship. At our sole discretion we may waive this requirement."
What changed in Shellman Investment Management, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 2 to 3. Regulatory assets under management went from $157,298,501 to $209,606,890 (+33%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $1,000,000 | 1.22% |
| $1,000,000 to $2,000,000 | 0.98% |
| $2,000,000 to $3,000,000 | 0.74% |
| Above $3,000,000 | 0.5% |
The brochure's wording
For portfolio management services, Shellman Invest charges an annual fee based on a percentage of assets under management. Fees are based on the following fee schedule: Assets Under Management (in US Dollars) Annual Advisory Fee First $1 million 1.2200% Next $1 million 0.98% Next $1 million 0.74% Over $3 million 0.5%
Account minimum: $100,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Generally, we require a minimum of $100,000 to establish an advisory relationship. At our sole discretion we may waive this requirement.
As stated in the firm's Form ADV Part 2A brochure dated March 24, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$209,606,890 as of October 2026, filing dated March 24, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (3 years)
- Employees
- Total: 4. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $209,606,890 | 4 | March 24, 2026 |
| October 2025 | $157,298,501 | 4 | March 20, 2025 |
| October 2024 | $139,445,177 | 3 | June 24, 2024 |
| October 2023 | $144,702,150 | 3 | April 3, 2023 |
| October 2022 | $0 | 2 | July 6, 2022 |
Regulatory assets under management: $0 in the October 2022 data and $209,606,890 in the October 2026 data.
Total employees: 2 in October 2022 and 4 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 2 to 3.
- Regulatory assets under management went from $157,298,501 to $209,606,890 (+33%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Shellman Investment Management, LLC (CRD 316579): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/shellman-investment-management-llc-coral-gables-fl-316579