Wellesley Asset Management (WAM) manages investments for individuals, institutions, retirement plans, trusts, and other entities. WAM specializes in convertible bonds but may advise on other securities. WAM also advises mutual funds and a private fund. WAM acts as a sub-advisor to wrap program providers. WAM acquired Halbert Wealth Management, Inc. and provides administrative services to them.
Assets Under Management$2.1B
Clients1,478
Advisors15
Avg. per Client$1.4M
Avg. per Advisor$140M
Fee Structure
Minimum Investment:$500K
Investment management only (planning not offered)
Wellesley Asset Management's fees for referred clients range from 0.45% to 1.00% per year, based on the agreement with the referring advisory firm. There is a $500,000 minimum account size for new clients. Fees are deducted from client accounts quarterly, in advance, and unearned fees are refunded if the relationship ends early.
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