Wellesley Asset Management, INC.
Assets Under Management
$2.1B
Number of Clients
1,478
Number of Advisors
16
Average Client AUM
$1.4M
AUM per Advisor
$129.0M
Compensation
Fee-Only (AUM)
About This Firm
Wellesley Asset Management, Inc. (WAM) offers discretionary investment management to individuals, institutions, and retirement plans. WAM specializes in convertible bonds, utilizing convertible securities, bond funds, synthetic notes, and structured products. WAM also advises affiliated mutual funds and a private fund. Fees are based on a percentage of assets under management.
Fee Structure
WAM's fees for referred client relationships range from 0.45% to 1.00% per year, based on agreements with the referring advisory firm. The firm has an initial minimum account size of $500,000 for new clients. Clients may also incur custodial and transaction fees. Fees are deducted quarterly, in advance, and are based on the end-of-quarter valuation of assets under management. Unearned fees are refunded if the advisory relationship is terminated before the end of a quarter.
Areas of Practice
Location
100 Market Street, Suite 203, Portsmouth, NH, 03801