Equal-WT
WhaleScore 2.0 ?
Shulman Demeo Asset Management is based out of Lake Success. Shulman Demeo Asset Management is a large advisory firm with 356 clients and discretionary assets under management (AUM) of $680,025,056 (Form ADV from 2025-03-12). Their last reported 13F filing for Q4 2025 included $440,952,027 in managed 13F securities
and a top 10 holdings concentration of 81.49%. Shulman Demeo Asset Management's largest holding is SPDR S&P 500 ETF TRUST with shares held of 378,595. Whalewisdom has at least 29 13F filings
Business Description
Shulman DeMeo engages in third-party referral agreements, compensating solicitors for client referrals with a percentage of investment advisory fees. This arrangement presents a conflict of interest, as the solicitor is incentivized to recommend advisory services for personal economic gain. To address this, Shulman DeMeo requires solicitors to provide potential clients with a disclosure brochure and a statement outlining the compensation and terms of the solicitation arrangement.
Certain professionals at Shulman DeMeo are also licensed independent insurance agents, allowing them to conduct insurance transactions for clients and receive commissions in addition to their employee compensation. This creates a conflict of interest, as these professionals may be incentivized to recommend insurance products based on commission rather than client needs. Shulman DeMeo attempts to mitigate this conflict by disclosing it to clients. Shulman DeMeo is also the sole portfolio manager for the Program. A potential conflict of interest arises in that Shulman DeMeo has a disincentive to trade securities in the client account because the execution costs for transactions are paid by Shulman DeMeo.
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