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|
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.
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