The purpose of this website is to provide informational material to our clients and readers. None of the content should be construed as specific investment advice, or replacement for investment advice from Wellesley Asset Management, Inc. (WAM), or any other investment professional. This is not an offer to purchase securities. Although information has been obtained from and is based on sources WAM believes to be reliable, WAM does not guarantee the accuracy of the information, and it may be incomplete or condensed. All investments, including convertible bonds, have a risk of loss. Past performance is not a guarantee of future results.

Disclosures Regarding Rankings, Honors and Recognitions Awarded to Wellesley Asset Management, Inc. and its Executives

Honors and recognitions by unaffiliated rating services, companies, and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Wellesley Asset Management, Inc. is engaged, or continues to be engaged, to provide investment advisory services; nor should they be construed as a current or past endorsement of Wellesley Asset Management, Inc. or its representatives by any of its clients. Rankings published by magazines and others are generally based exclusively on information prepared and/or submitted by the recognized advisor. Moreover, with regard to all performance information contained herein, directly or indirectly, if any, users should note that past results are not indicative of future results.

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.

Please see below for a more detailed description of the criteria used with respect to the awards and recognitions granted to its individual employees.

Barron’s criteria (Top 1,200 Financial Advisors):

The rankings are based on data provided by around 6,000 of the nation’s most productive advisors. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice, and philanthropic work. Investment performance isn’t an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment-picking abilities. The rankings are meant as a starting point for clients looking for an advisor—a first-pass vetting that can help investors narrow a search. Every advisor will have his or her own approach to investing, financial planning, and other services. Clients are encouraged to approach a search for an advisor the way they would a search for a doctor—interviewing multiple professionals and getting opinions from multiple third parties.

For more information about Barron’s methodology click here.

Forbes’ criteria (America’s Top Wealth Advisors’):

The Forbes ranking of America’s Top Wealth Advisors and Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria learned through telephone, virtual and in-person due diligence interviews, and quantitative data such as revenue trends and assets under management. The algorithm additionally weighs factors such as service models, compliance records and industry experience, and focuses on those that encompass best practices in their approach to working with clients. All advisors that are considered have a minimum of seven years experience. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.’

For more information about Forbes’ methodology click here.

Forbes’ criteria (Best-In-State Wealth Advisors):

The Forbes ranking of America’s Top Wealth Management Teams, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews, and quantitative data. This qualitative criteria focuses on studying each team’s best practices—service models, investing process, team construct, skill sets, etc. The algorithm also weighs factors like revenue trends, assets under management, compliance records. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.

For more information about Forbes’ methodology click here.

Forbes’ Criteria (Top Next-Gen Wealth Advisors) and (Top Next-Gen Advisors Best-In-State):

The Forbes Next-Gen Wealth Advisors rankings, developed by SHOOK Research, is based on an algorithm of qualitative criterion—mostly gained through telephone, virtual, and in-person due diligence interviews—and quantitative data. Those advisors that are considered have a minimum of four years’ experience, and the algorithm weighs factors like revenue trends, assets under management, compliance records, industry experience and those that encompass the highest standards of best practices. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receive a fee in exchange for rankings.

For more information about Forbes’ methodology click here.

Portfolio Management

Michael Miller

Michael Miller

Michael Miller, Chairman, President, and Portfolio Manager, has over 15 years’ experience in the industry. He works directly with the firm’s trading, private client and institutional teams and oversees day to day operations, strategic planning and execution. Additionally, Mr. Miller is responsible for convertible bond research and product development, analyzing and monitoring portfolio holdings, and communicating performance, portfolio and fund data. He also constructs and analyzes client portfolios and works directly with the firm’s institutional clients. He frequently speaks at national investment conferences educating investors about the convertible bond asset class. Mr. Miller received his Bachelor of Science degree in Business Administration from American University’s Kogod School of Business in Washington, DC, where he specialized in finance, and his Master of Business Administration degree from Babson College.

Greg Miller

Greg Miller

Greg Miller, CPA, Portfolio Manager and Founder, has over 30 years’ experience investing in convertible bonds. Mr. Miller founded Wellesley Asset Management in 1991. He is the architect of the firm’s convertible bond investment strategy and has been Portfolio Manager on Wellesley’s separately managed account and prior mutual fund suites since their inception. Mr. Miller has written numerous articles and has been profiled in various prominent investment and financial publications, including Barron’s, Institutional Investor, Investment Advisor Magazine, and Bloomberg Businessweek. He has been the recipient of numerous industry-related awards throughout his career and a frequent guest speaker on convertible bond investing. Mr. Miller graduated from Boston University with a Bachelor of Science degree in Business Administration, and holds a Master of Business Administration in Finance with high distinction from Babson College.

David Clott

David Clott CPA

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.

James Buckham

James Buckham CFA

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.