Selective Wealth Management LLC (Lynchburg)
Selective Wealth Management LLC is a large advisory firm based in Lynchburg. It manages $128.03 million of regulatory assets for 901 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 19 other states.
Selective Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for investment companies. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
Selective Wealth Management: assets under management
The assets under management (AUM) of Selective Wealth Management LLC is $128.03 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 482% since the beginning of its operation, and $312.12 thousand of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in investment and business development companies the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Selective Wealth Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Selective Wealth Management serves?
The firm provides services to individuals, investment companies, high net worth individuals, and corporations or other businesses. The largest group of clients of Selective Wealth Management is high net worth individuals with 64 clients and $65.72 million of assets under management. Among the 8 most similar advisory firms, Selective Wealth Management has the 4th lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $128.03 million for 583 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Selective Wealth Management doesn't advise any private funds.
Careers at Selective Wealth Management LLC
The company employs 10 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Direct owners and executive officers
Based in Lynchburg
The principal office where Selective Wealth Management LLC performs its advisory services is located at 828 Main St, Lynchburg, VA 24504, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 434-515-1517 or by fax 0. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at selectivewealthmanagement.com/home.
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