First Shelbourne
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$7,500,000
Total clients
17
0% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
17
Average account size
$441,176
About
First Shelbourne provides discretionary portfolio management to individuals, high‑net‑worth clients, small businesses, foundations, and charitable organizations through ongoing supervision; the firm does not offer financial planning or wrap‑fee programs. Engagements begin with an initial meeting to assess goals, risk tolerance, and investment preferences and require a written agreement before portfolio construction.
The firm builds customized portfolios using a Core + Satellite approach informed by fundamental analysis, typically combining a passive, fixed‑income‑oriented core with smaller active satellite exposures; eligible holdings include bonds, ETFs, REITs, bank CDs, options, and individual equities where appropriate. Allocation between active and passive strategies is determined in part by historical category manager performance, and clients may impose reasonable restrictions such as industry or ESG preferences.
Distinctive disclosures in the brochure include a recent amendment to the Code of Ethics that prohibits firm personnel from owning individual equity securities and a history of recent changes to its fee schedule and onboarding requirements. The ADV also directs readers to external sources (the firm website and the SEC’s Investment Adviser Search) and indicates the firm advertises third‑party ratings, a practice that is uncommon among solo independent advisers.
Client services
Portfolio management
Expertise
Passive / index investing
Active portfolio management
Occupation focus
Retired
Fee options
0.50% annually
Account minimum: $250,000
Main office location
First Shelbourne
Commack NY, United States
Number of offices
1
Most active in
First Shelbourne has reported serving >5 clients in these states in the last 12 months.
New York
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
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