In this issue: “Why Wellesley’s Convertible Bond Strategy Now?”, “Wellesley Asset Management’s Investment Process: The Three Legs of the Stool”, “The Traditional 60/40 Portfolio is DEAD”, “Got the Need for Income in Retirement”.
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 Risk
Convertible bonds are subject to risks associated with both debt securities and equity securities. Debt securities are subject to credit risk. Credit risk relates to the ability of the issuer of a security to make interest and principal payments on the security as they become due. If the issuer fails to pay interest, income might be reduced, and if the issuer fails to repay principal, the value of that security and shares might be reduced. The values of debt securities are subject to change when prevailing interest rates change. As interest rates rise the value of bond prices will decline. Because investments in convertible bonds are convertible into common stock, the prices of investments in convertible securities are sensitive to events that affect the values of the issuer’s common stock.
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.
Please see below for a more detailed description of the criteria used with respect to the awards and recognitions granted to Wellesley Asset Management, Inc., and, as indicated below, its individual employees.
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. The award lists included Wellesley Asset Management’s CEO.
Barron’s Top 1,200 Financial Advisors logo reprinted with permission of Barron’s.
To be nominated for Barron’s Top 100 Independent Financial Advisor listing, advisors must complete a 102-question survey that queries advisors about everything about their practices, from the investments they favor to the number of clients they serve and the size and structure of their staffs. The rankings formula is based on three general categories of factors: assets, revenue, and quality of practice. There are multiple factors and calculations in each of these categories. Investment performance is not an explicit rankings criterion, because the returns experienced by clients are affected by their appetite for risk. The award list included Wellesley Asset Management’s CEO.
Barron’s Top 100 Independent Financial Advisors logo reprinted with permission of Barron’s.
Forbes’ criteria (America’s Top and Best-In-State Next Generation Wealth Advisors):
The Forbes Next-Gen Wealth Advisors rankings, developed by SHOOK Research, are based on an algorithm of qualitative criterion, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Rankings are based upon an extensive survey submitted by the advisor and is limited only to participating advisors. 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. The award list included Wellesley Asset Management’s President and Chief Investment Officer.
Forbes’ Best-In-State Next Generation Wealth Advisors Logo Credit Notice: From Forbes.com. © 2019 Forbes. All rights reserved. Used under license.
Forbes’ criteria (Best-In-State Wealth Advisors):
The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Neither Forbes or SHOOK receive a fee in exchange for rankings. The award list included Wellesley Asset Management’s CEO and President and Chief Investment Officer.
Best-In-State Wealth Advisors logo from Forbes, © 2019 Forbes. All rights reserved. Used under license.