Wellesley Asset Management, Inc

CRD#116176
Investment Advisor Firm

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Learn more about Wellesley Asset Management, Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Wellesley Asset Management, Inc is a financial advisory firm based in Wellesley Hills, Massachusetts. It handles $2.4 billion in assets under management throughout 1,814 customer accounts, making it one of the largest firms in the United States by assets under management (AUM). It has a small group, including 18 financial advisors. Wellesley Asset Management, Inc does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its clients' and instead has to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like stocks, bonds and options.

    Wellesley Asset Management, Inc administers the majority of the firm's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor makes transaction choices without needing to seek the customer's approval. The firm also has three non-discretionary accounts with a total of $2.4 million in assets under management. The firm oversees an average of $1.3 million for each account. An average financial advisor at Wellesley Asset Management, Inc oversees about 101 client accounts.

    The firm's headquarters is located at 20 William Street, Wellesley Hills, Massachusetts 2481. The firm is legally allowed to provide services to clients throughout 51 U.S. states and territories.

    Assets Under Management

    $2.4 billion

    Number of Advisors

    18

    Disclosures

    No

    Office Location

    20 William Street
    Wellesley Hills, MA 02481

    Wellesley Asset Management, Inc by the Numbers

    Total Assets Under Management

    $2.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    34

    National Average: 64
    Total Number of Accounts

    1,814

    National Average: 375,227
    Average Account Size

    $1.3 million

    National Average: $23.0 thousand
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    Fee Structure

    A financial advisor's fees usually are based on which services the firm provides the client. However, fees billed by the company likely are comprised of some combination of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the company.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm does business with a broad range of investors. Wellesley Asset Management, Inc provides services to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 1,814 clients, Wellesley Asset Management, Inc's biggest client by number of accounts is retail investors, but it also caters to 315 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.

    • High-Net-Worth Individuals* - 17.36%
    • Other Individuals - 80.87%
    • Corporations - 1.65%
    • Charitable Organizations - 0.11%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Wellesley Asset Management, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Wellesley Asset Management, Inc

    Louis Catone
    Wellesley Hills, MA
    Thomas Lahaise
    Wellesley Hills, MA
    Nicholas Felici
    Wellesley Hills, MA
    Michael Foley
    Wellesley Hills, MA
    Arik Schechet
    Wellesley Hills, MA
    James Buckham
    Wellesley Hills, MA
    Matthew Mckinnon
    Wellesley Hills, MA
    Stephen Marzo
    Wellesley Hills, MA
    Dennis Scarpa
    Wellesley Hills, MA

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