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First Shelbourne specializes in investment management and 401k rollovers for retired individuals 

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Welcome. I'm Chris, the President and Founder of First Shelbourne. I launched this company in 2022 with a clear mission: to deliver honest, high-quality investment management without the inflated fees. As a fully independent fiduciary advisor, I'm not tied to any big firm, which means I work solely for you, not a corporate bottom line.

About Your Advisor

Chris Wargas is a Certified Fraud Examiner (CFE®) and a member of the Association of Certified Fraud Examiners, bringing a strong foundation in financial integrity and regulatory compliance. He is a Series 65 holder and has placed 47th globally in the 2024 United States Investing Championship.

 

 

Helping individuals build secure futures

No commissions, no selling of investment products,  and no high fees.

 

  • Fully licensed and insured. Yes, many investment advisors are out there operating without a license and no insurance. 
  • Low fees. Assets under management (AUM) fee of 0.50% (half percent) on any amount.
  • No high-fee mutual funds. Most of them underperform their respective index.
  • No commissions. Being free of commissions ensures that you are placed in the lowest-cost investments that are best for you, not some advisors bottom line.
  • No hidden fees. Many firms charge platform fees. What are these? Who knows. Many times it's an added 0.30% fee that appears in your statement. 
  • No speculative products. There has been an explosion of speculative ETFs, like leveraged, inverse, and buffer products. This company steers clear of those. 
  • Value investment approach - We stick to purchasing assets that aren't inflated. With this approach, we avoid fads and investment bubbles. 


What services do you provide?

 

  • Investment management - The management of assets derived from savings, inheritances (including proceeds from the sale of a parent’s home), life insurance settlements, or the sale of a business.
  • 401k rollovers - First Shelbourne assists retirees in rolling over plan assets from a former employer into an individual retirement account (IRA). This process is tax-deferred, meaning no taxes are owed at the time of the rollover. Once transferred, your funds can be invested in a full range of stocks, bonds, and other securities, rather than being limited to the select mutual funds offered by your previous plan. This option is especially popular among retired civil service professionals, including police officers, teachers, sanitation workers, and others.
  • Treasury management - Many businesses keep cash balances in a bank checking account earning minimal interest. I invest this cash in safe, short-term treasuries, ensuring you are getting the most out of your operating funds. 
  • Transfers of annuities - Many investors purchase annuities without fully understanding the terms, only to later regret the decision. These complex contracts often favor the insurance company more than the policyholder. I can help you evaluate whether it’s in your best interest to exit the annuity and reallocate the funds into a standard investment account better aligned with your financial goals.
  • 529 Plan setup - As a complimentary service for existing clients, I assist in establishing 529 college savings plans for their children or grandchildren. This includes guidance on setting up the appropriate state plan and structuring suitable investment allocations. I don't charge any fee for this service. 
  • Roth Conversions - Roth conversions are complex transactions with numerous variables and potential pitfalls. A single misstep can result in significant tax liabilities. I provide guidance to help individuals determine the most effective strategy and assist in executing IRA-to-Roth IRA conversions.

Where are you located?

First Shelbourne is a financial advisor and investment advisory firm located in Commack, New York. We serve all of Suffolk County, Nassau County, New York State, and any other state. 

Industry-low fee

The industry standard advisory fee is 1%, but First Shelbourne charges just half of that. Many advisors charge 1% because they operate under the umbrella of a large national firm and must share a portion of their fee, often up to half, with the parent company. At First Shelbourne, we’re independent, so there’s no middleman taking a cut.

Contact

 

Email: info@firstshelbourne.com
Phone: 631-600-7860

A New York Registered Investment Advisory firm helping individuals build bright futures.

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© 2025 First Shelbourne LLC, All rights reserved.

First Shelbourne LLC is a registered investment advisor in New York. Financial advisor services are offered through First Shelbourne LLC, an investment advisory firm domiciled in the State of New York. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by our firm in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or under an applicable state exemption. This material is provided for informational purposes only and is not intended to be relied upon as a forecast, research, or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are subject to change at any time without notice. The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by First Shelbourne to be reliable, are not necessarily all-inclusive, and are not guaranteed as to accuracy.

For information concerning the status or disciplinary history of a broker-dealer, investment adviser, or their representatives, a consumer should contact their state securities administrator.

First Shelbourne LLC.  Copyright 2025. All rights reserved