WELLESLEY, Mass.--(BUSINESS WIRE)--Greg Miller, CPA, CEO and Co-Chief Investment Officer of Wellesley Asset Management, Inc. was named to Barron’s list of America’s Top 1,200 Financial Advisors in its March 6, 2017 publication, also featured in the March 9, 2017 edition of The Wall Street Journal. For the third consecutive year, Miller achieved Massachusetts’ top ranking in Barron’s most comprehensive list of advisors which is published annually.
Barron’s Special Report accompanying this year’s ranking states, “The Trump administration presents investors with a new array of opportunities and risks. But for many of America’s top advisors, the core message to clients remains the same: Those who keep their heads during market uncertainty are best positioned to profit from it.” Miller affirms this statement when speaking with Barron’s about his convertible bond investment strategy in light of rising interest rates. “They’re very timely right now,” says Miller. “Properly invested, we believe they can do better than stocks and bonds – with a lot less volatility.” Miller adds, “Convertible bonds offer principal protection in a bear market, and in a bull market you can enjoy a good percentage of the underlying equity’s stock.”
Michael Miller, Co-Chief Investment Officer, commented, “We are thrilled that Barron’s has honored us with this ranking for three consecutive years now. Moving into one of the longest running bull markets in history, we continue to work with our clients and advisors to coach them on the importance of principal protected investing and the benefits convertible bonds have in an investor’s portfolio.”
“We appreciate Barron’s recognition of our ongoing commitment to serve and educate our clients through our use of convertible bond investing,” said Darlene Murphy, CPA, CFP®, President and Co-Founder of Wellesley Asset Management.
To be nominated for Barron’s Top 1,200 Financial Advisor listing, advisors must complete an extensive survey about their practice. Barron’s also examines regulatory records, internal company documents, and 100-plus points of data provided by the firm. The criteria for inclusion are total assets under management and revenue generated, as well as the overall quality of the practice. Investment performance is not an explicit criterion, because clients’ investment goals vary. In many cases, the objective is preservation of wealth, rather than extraordinary returns.
About Wellesley Asset Management, Inc.
Trusted advisors to a global client base, Wellesley Asset Management (Wellesley) is an SEC registered investment advisory firm with assets under management exceeding $2.5 billion. The firm specializes in the management of convertible bonds through separately managed accounts, mutual funds and a private fund. Wellesley serves high net-worth individuals, registered investment advisors, institutions, pensions, family offices, banks, and other investment professionals. Founded in 1991, by Greg Miller, CPA and Darlene Murphy, CPA, CFP®, Wellesley invests in convertible bonds deploying absolute return-seeking strategies. Additional information about the firm is available at www.wellesleyinvestment.com.
Barron’s is America’s premier financial magazine, known for its market-moving stories. Published by Dow Jones & Company since 1921, it reaches an influential audience of professional fund managers, financial advisors, affluent individual investors, financial-services professionals and senior corporate executives. Barron’s is the trusted financial-publishing brand that people active in the market turn to for information, ideas and insights they can use to increase their professional success and enhance their personal, financial well-being. Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved.