Asset manager · Portsmouth, NH
Wellesley Asset Management, Inc.
SEC-registered investment adviser · CRD 116176 · SEC 801-61288
At a glance
Wellesley Asset Management, Inc. is an SEC-registered investment adviser based in Portsmouth, New Hampshire, with $2.0 billion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is investment companies, and it reports 1,246 individual clients. By Form ADV it is a asset manager, ranked 1,053rd of 3,218 asset managers and 3,647th of 17,210 SEC-registered advisers by assets.
Main office 781-416-4000wam.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.0B
- Rank among asset managers
- #1,053 of 3,218
- Rank among all SEC RIAs
- #3,647 of 17,210
- Rank in New Hampshire
- #6 of 78
- Individual clients
- 1,246
- High-net-worth clients
- 288
- Accounts
- 1,956
- Discretionary
- 100% of AUM
- Employees
- 30
- Advisory staff
- 19
- Offices
- 3
Owners and executives on its Form ADV
- Greg MillerFounder
- Darlene M. MurphyOwner / Shareholder
- Michael D. MillerChief Executive Officer / Co-Trustee of the Michael Miller Irrevocable Trust of 2025
- Maureen P. HernbergTrustee of the Darlene M. Murphy Trust - 2011
- Samuel S. JohnsonTrustee of the Michael David Miller Trust - 2011
- Dawn M. BailliePresident
- Steven G. RawlingsChief Compliance Officer and General Counsel
- Dennis P. GodinChief Operating Officer
- James P. MulhernCo-Trustee of the Michael Miller Irrevocable Trust of 2025 / Trustee of the Michael Miller Irrevocable Trust of 2020
- James W. BuckhamSenior Portfolio Manager
- David B. ClottChief Investment Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Wellesley Asset Management, Inc. is a hybrid RIA: 7 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 3 | $781M | 39% |
| High-net-worth individuals | 288 | $487M | 24% |
| Individuals | 958 | $394M | 20% |
| Pooled investment vehicles | 1 | $138M | 7% |
| Pension and profit sharing plans | 22 | $127M | 6% |
| Charitable organizations | 12 | $44M | 2% |
| Insurance companies | 3 | $11M | <1% |
| Corporations or other businesses | 9 | $10M | <1% |
Private funds
Wellesley Asset Management, Inc. reports 1 private funds with $138M in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Wellesley Asset Management, Inc. answers yes to 4 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗wam.com ↗
AtlasMembers
The full record on Wellesley Asset Management, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 924 peers of its type and size
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- Owners and executives, with titles and stakes
- 11 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 3Locked
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Background
Questions
How much does Wellesley Asset Management, Inc. manage?
Wellesley Asset Management, Inc. reports $2.0 billion in regulatory assets under management across 1,956 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is Wellesley Asset Management, Inc.?
Wellesley Asset Management, Inc. is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Wellesley Asset Management, Inc.’s clients?
By assets, its largest client types are investment companies ($781 million, 3 clients); high-net-worth individuals ($487 million, 288 clients); individuals ($394 million, 958 clients).
Does Wellesley Asset Management, Inc. manage private funds?
Yes. It reports 1 private funds with $138 million in gross assets, including hedge funds.
Does Wellesley Asset Management, Inc. have any disciplinary history?
Wellesley Asset Management, Inc. answers yes to 4 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Wellesley Asset Management, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →