Wellesley Asset Management, Inc. is an independent, registered investment advisory firm dedicated to help you navigate market volatility. Utilizing convertible bonds, Wellesley offers many different types of investors a non-traditional approach to achieving return while seeking to mitigate risk.
Founded in 1991 by Greg Miller, the firm currently manages approximately $2 billion in assets, and has approximately 30 employees. Wellesley serves many different clients ranging from individuals and families, to working in partnership with other advisors.
Greg started the firm after he had sold an unrelated business, producing the proverbial “nest egg.” Greg was most interested in growing his portfolio, while avoiding a long-running family curse of losing small fortunes. Early on, he discovered convertible bonds, and realized how they could be used to accomplish the goals of investment performance with protection. He developed a strategy, using convertible bonds, that has been refined over time and has evolved into a differentiated, disciplined and repeatable process, one that has been in action on behalf of clients for over 25 years.
In 2008, Michael Miller joined the firm, bringing business continuity, and his own experience from working at a national firm. Also in 2008, the firm launched the first of three proprietary mutual funds, designed to help clients gain access to a wide variety of convertible bonds, using differing strategies.
Greg and Michael are proud recipients of many industry awards and accolades, and are known for their expertise in convertible bond management.
President and Chief Executive Officer
As President and Chief Executive Officer of Wellesley Asset Management, Inc. and a Portfolio Manager of the firm’s mutual funds, separately managed accounts and private fund, Michael is an integral part of the firm’s executive management team. He directs the firm’s trading, private client, and institutional teams and oversees day to day operations, strategic planning and execution.
In addition to his capacity as President and Chief Executive Officer, Michael works directly with some of the firm’s institutional clients. Michael uses his fifteen-plus years of fixed income and financial planning experience to guide and educate many financial advisors, plan sponsors, registered investment advisors and asset allocators.
Michael has been recognized by Forbes/SHOOK as a Top Next-Gen Wealth Advisor for five consecutive years (2018-2022); in 2022, he was ranked #4 on the Next-Gen Top 100 ranking and #1 in Massachusetts on the Next-Gen Best in State ranking. In April 2024, he was recognized by Forbes/SHOOK on their list of Best-In-State Wealth Advisors. Michael resides with his wife and two daughters in Durham, NH.
Please click here for award disclosures. Unless otherwise specified, all awards shown are based on the one-year period immediately preceding the date listed. No compensation was paid by WAM to receive or be considered for the ratings.
Founder, Portfolio Manager
Greg founded Wellesley Asset Management in 1991. Greg draws on over thirty-five years of investment and financial experience. Greg is a nationally recognized provider of investment advisory services deploying convertible bonds. As Founder and Portfolio Manager, he has directed the absolute return-seeking philosophy of Wellesley Asset Management for over twenty-five years with the primary goal of principal protection combined with investment growth. Greg and the team at Wellesley Asset Management currently manage approximately $2 billion in convertible bonds for high and ultra-high net worth individuals, registered investment advisors, banks, pensions, wirehouses, financial advisors, and other investment professionals nationwide.
In April 2024, Greg was recognized by Forbes/SHOOK as a Best-In-State Wealth Advisor in Massachusetts for the seventh consecutive year (2018-2024). In August 2020, he was again recognized by Forbes/SHOOK on their list of America’s Top 250 Wealth Advisors. In March 2019, Greg was recognized by Barron’s on their list of America’s Top 1,200 Financial Advisors, ranking #1 in Massachusetts for the fifth consecutive year (2015-2019).
Greg worked with an international accounting firm for over 20 years and had his own CPA firm. Greg graduated from Boston University and holds an MBA with high distinction from Babson College. Greg lives with his wife in Durham, NH.
Please click here for award disclosures. Unless otherwise specified, all awards shown are based on the one-year period immediately preceding the date listed. No compensation was paid by WAM to receive or be considered for the ratings.
Portfolio Manager and Co-CIO
Jim joined Wellesley in 2011 with over 30 years of asset management industry experience. Jim is responsible for researching new convertible bond investment opportunities, monitoring existing holdings, trading, and instructing clients and prospects about convertible bond investing. His professional background encompasses over thirty years of fixed income trading, deal making and analysis experience. Before joining Wellesley Asset Management, Jim worked at DeutscheBank on the convertible bond desk advising mutual funds and hedge funds in New York, Boston and Toronto. Prior to that Jim spent 12 years trading convertible bonds, equities and derivatives at Fidelity Investments. Jim graduated from Boston University with a Bachelor of Arts degree in Economics and received his Master of Business Administration degree from Bentley University. He holds the CFA designation.
Portfolio Manager and Co-CIO
David joined Wellesley in 2023 with over 30 years of asset management industry experience. His convertible bond investing experience began in the mid 1990’s as an analyst at Phoenix Investments. David joined Aviva Investors in 1999 as a US convertible bond portfolio manager and in 2002 David founded the Aviva Investors Global Convertible Bond Strategy, launching a European based long only convertible mutual fund. In 2005 he founded the Morley (Aviva) Convertible Arbitrage hedge fund and in 2009 he founded the Aviva Investors Global Convertible Absolute Return fund. David graduated from Bryant University with a Bachelor of Science degree in Finance and received his Master of Science degree in Energy and Climate Policy from Johns Hopkins University. He holds the CFA designation.