Wellesley Asset Management, INC.

Wellesley Asset Management provides discretionary investment management services to individuals, high-net-worth clients, retirement plans, trusts, and other institutional clients. Founded in 1991, the firm specializes in investing in convertible bonds, convertible and corporate bond mutual funds, synthetic notes, and structured products. Wellesley Asset Management operates primarily with clients who have been referred by other advisors, wrap program sponsors, or investment banks, managing specific portions of their wealth. In addition to separately managed accounts, Wellesley Asset Management advises mutual funds, an exchange-traded fund, and a private investment partnership. The firm has a minimum account size of $500,000 for new clients, though this minimum can be waived under certain circumstances. Wellesley Asset Management deducts its management fees quarterly in advance based on the ending value of assets under management.