Ed HerbstManaging Director – Herbst Wealth Management, a unit of Wellington Shields & Co. LLC

Year Joined Shields & Company:



Ed is the founder of Herbst Wealth Management. Herbst Wealth Management manages assets for high net worth individuals and families as well as foundations and endowments.

Previous Experience/Career Highlights:

Ed has worked in the financial sector for over 40 years. He began his career at Drexel Burnham and went on to become a Senior Vice President of Institutional Options. For the next 15 years, Ed was a General Partner and COO at Cowen & Company. In 2001, he joined Shields & Company and in 2005 he co-founded the Herbst Group, which is dedicated exclusively to managing assets for wealthy individuals, families, foundations, and endowments.

Education and Certifications:

  • George Washington University, BA – Political Science
  • NYU Graduate School of Business (Stern), attended

Other Interests and/or affiliations:

Ed is on the Board of Directors for the Signature Theatre and was formerly on the Board of Directors of The Second Stage Theatre, and The American-Italian Cancer Foundation.

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