Wellesley Asset Management, Inc.

Overview

Wellesley Asset Management, Inc. is an independent, registered investment advisory firm specializing in the management of convertible bonds. Founded in 1991 by Greg Miller, the firm manages approximately $2 billion in assets and serves a diverse client base, including high and ultra-high net-worth individuals, registered investment advisors, institutions, pensions, and other investment professionals nationwide. The firm's primary objective is to provide clients with a non-traditional approach to achieving returns while seeking to mitigate risk. The firm's investment strategy focuses on convertible bonds, aiming to offer equity market exposure while seeking principal protection and the relative safety of bonds. Wellesley Asset Management offers separate account management for registered investment advisors, sponsored managed account platforms, and other institutional investors. Additionally, the firm provides a leveraged convertible bond strategy available through a private placement for accredited investors and qualified clients only. Wellesley Asset Management also offers three mutual funds designed to fit a variety of investor risk tolerances, with the goal of outperforming equities and fixed income over full market cycles. In September 2025, Wellesley Asset Management expanded its presence by acquiring Halbert Wealth, a SEC-registered Investment Advisor known for its client-centric approach and strong regional presence. This strategic acquisition expanded Wellesley Asset Management into the greater Austin, Texas region and enhanced its product and service offerings, bringing together two firms with shared values and a commitment to excellence. In December 2023, Wellesley Asset Management opened a new office in Portsmouth, New Hampshire, to support all aspects of its growing investment advisory business. The Portsmouth office serves as the firm's principal headquarters, housing the executive, portfolio management, and trading teams, while the client service, relationship management, and operations teams continue their presence in Massachusetts. Wellesley Asset Management's investment philosophy centers on capital preservation combined with growth, aiming to help clients achieve a diversified and risk-tolerant asset allocation to meet their financial goals. The firm's approach emphasizes discipline and action, utilizing convertible bonds to navigate market volatility and provide investors with a non-traditional approach to achieving returns while seeking to mitigate risk. The firm's leadership includes CEO Michael Miller, who also serves as a Portfolio Manager for the firm's mutual funds, separately managed accounts, and private fund. Michael has been recognized by Forbes/SHOOK as a Top Next-Gen Wealth Advisor for five consecutive years (2018-2022) and was ranked #4 on the Next-Gen Top 100 ranking in 2022. Greg Miller, the founder of Wellesley Asset Management, brings over thirty-five years of investment and financial experience to the firm. He is a nationally recognized provider of investment advisory services deploying convertible bonds and has directed the absolute return-seeking philosophy of Wellesley Asset Management for over twenty-five years. Wellesley Asset Management's commitment to excellence and client-centric approach has been recognized by industry peers and clients alike, solidifying its reputation as a trusted advisor in the investment management industry.

Investment Focus

• Accredited Investors
• Qualified Clients