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 located at 100 Market Street, Portsmouth, NH. The firm employs 16 financial advisors to manage client portfolios and provide financial guidance. Wellesley Asset Management, Inc is not a registered broker-dealer.

    Wellesley Asset Management, Inc oversees $2.1 billion in assets under management across 2,188 accounts, of which 2,184 are discretionary and 4 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for institutional clients. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, insurance companies, and corporations, with retail investors being the largest client type by accounts. The fee structure at Wellesley Asset Management, Inc includes asset-based and performance-based fees. The firm has 232 high net worth clients and maintains affiliations with a lawyer or law firm.

    Wellesley Asset Management, Inc is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $2.1 billion

    Number of Advisors

    16

    Disclosures

    No

    Office Location

    100 Market Street
    Portsmouth, NH 03801

    Wellesley Asset Management, Inc by the Numbers

    Total Assets Under Management

    $2.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    30

    National Average: 64
    Total Number of Accounts

    2,188

    National Average: 375,227
    Average Account Size

    $961.8 thousand

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees typically are based on which service is offered. Fees charged by Wellesley Asset Management, Inc most likely consist of some combination of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Wellesley Asset Management, Inc.

    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 company does business with a broad range of clients. It works with retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, insurance companies, and corporations. Out of its 8 clients, Wellesley Asset Management, Inc's largest client group by number of accounts is investment companies, but it also manages money for 232 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management 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).

    • High-Net-Worth Individuals* - 10.6%
    • Other Individuals - 86.33%
    • Corporations - 2.47%
    • Charitable Organizations - 0.59%

    * 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

    Stephen Marzo
    Portsmouth, NH
    Arik Schechet
    Portsmouth, NH
    Thomas Lahaise
    Portsmouth, NH
    Louis Catone
    Portsmouth, NH
    Dennis Scarpa
    Portsmouth, NH
    George Vazquez
    Portsmouth, NH
    James Buckham
    Portsmouth, NH
    Nicholas Felici
    Portsmouth, NH
    Michael Foley
    Portsmouth, NH

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