Wellesley, MA Office

Wellesley Asset Management provides discretionary portfolio management to individuals (including high‑net‑worth clients), pension and retirement plans, and a range of institutional and other entity clients, and also accepts investment company and insurance company clients. The firm manages separately managed accounts and serves as adviser to affiliated mutual funds, an exchange‑traded fund launched in March 2026, and a private pooled vehicle.

The firm specializes in convertible securities and pursues absolute‑return oriented strategies, investing primarily in convertible bonds, synthetic notes, structured products and related funds, and implements portfolios on a discretionary basis with the ability to accept client‑imposed restrictions. Following a December 2025 acquisition, the firm offers an additional proprietary trading strategy through an investment management agreement with a sub‑adviser, and it operates using standard percentage‑of‑AUM fees alongside performance‑based compensation structures for its private fund.

Notable features that distinguish the firm from many peers include its role as adviser to investment companies and pooled vehicles, sponsorship of affiliated funds and an ETF, participation as a private fund adviser that charges performance allocations, and service as a sub‑advisor to wrap programs. The firm also has a recent regulatory history concerning performance advertising — it reached an SEC settlement related to prior hypothetical/index performance disclosures, discontinued use of the index in advertising, and has since undertaken related compliance enhancements; it maintains various affiliation and solicitor arrangements following its acquisition activity.