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Selective Wealth Management Review

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Selective Wealth Management

Selective Wealth Management is a fee-only SEC-registered advisory firm based Lynchburg, Virginia. It provides a range of financial services, including investment portfolio management and holistic financial planning. It currently holds more than $171 million in assets under management (AUM). It also currently holds a spot on our list of the top financial advisory firms in Lynchburg.

Selective Wealth Management operates a publically traded fund (SLCTX), which has received significant praise. Last year, the Selective Opportunity Fund earned a top 1% ranking from Morningstar

Selective Wealth Management Background 

Selective Wealth Management was founded in 2012 in Delaware before being incorporated in Virginia during 2012. Its founder Matt Schubert also serves as chief executive officer (CEO). The firm currently employs chartered financial analysts (CFA). 

Selective Wealth Management Client Types and Minimum Account Sizes

Selective Wealth Management mostly works with individuals. A fraction of these are high-net-worth individuals. However, the firm also extends its services to charities and institutional clients.

To open an account with Selective Wealth Management, you’d need a minimum investment of $10,000. 

Services Offered by Selective Wealth Management

Selective Wealth Management offers investment management and financial planning services. The firm’s advisors evaluate the client’s current financial situation before building an appropriate investment portfolio. It aims to approach asset-allocation strategies based on the client’s risk tolerance and financial objectives. 

Furthermore, the firm also provides clients with holistic financial planning. This work can touch upon the following subjects: 

  • Tax preparation
  • Estate planning
  • Retirement planning
  • Debt/credit management
  • College savings plans

Selective Wealth Management Investment Philosophy

Selective Wealth Management utilizes a variety of methods when making investment decisions. Among them is fundamental analysis. This involves making investment decisions based on several metrics such as the overall health of companies, industry conditions and overall economic outlook.  

Fees Under Selective Wealth Management

For investment advisory services, Selective Wealth Management charges a fee based on the percentage of your assets under management (AUM). This fee is a flat 1.25% for asset levels up to $2 million. The fee is 1.00% for $2 million to $5 million, and everything above $5 million is 0.75%. Fees are charged monthly and deducted from your account. 

However, this fee doesn’t cover common third-party fees you may encounter. These include mutual fund expenses charged by fund managers, as well as brokerage and custodian fees.

Here's a breakdown of about how much you can expect to pay in advisory fees as a client of this firm. For context, a 2018 study of 1,500 firms by RIA in a Box found the average annual advisory fee is 0.95% of AUM.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Selective Wealth Management*
Your Assets Selective Wealth Management Fee Amount
$500K $6,250
$1MM $12,500
$5MM $42,500
$10MM $80,000

What to Watch Out For

Selective Wealth Management has undergone no disciplinary events. That means its SEC-filed Form ADV is completely devoid of disclosures.

Opening an Account with Selective Wealth Management

You can open an account with Selective Wealth Management by visiting its corporate office in Lynchburg, Virginia. You can also visit the firm's website and submit a contact form or reach out over the phone.

All information is accurate as of the writing of this article.

Tips for Finding a Financial Advisor

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research