# Selective Advisors

> Selective Advisors is an SEC-registered investment advisory firm in Bucharest, Romania, registered since 2012, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 164589
- Filed as: SELECTIVE ADVISORS
- Legal name: Selective Capital SRL
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bucharest, Romania
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164589
- AdvisorCensus page: https://advisorcensus.com/firm/selective-advisors-bucharest-164589

## Quick answers

**How is Selective Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Selective Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; performance-based fees.

**How much does Selective Advisors charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Selective Advisors located?**
Selective Advisors' principal office is in Bucharest, Romania, according to its Form ADV.

**Is Selective Advisors registered with the SEC or a state?**
Selective Advisors is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164589.

**How much does Selective Advisors manage?**
Selective Advisors reports $4,117,045 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Selective Advisors' assets and staff changed since 2021?**
In the Form ADV data for Selective Advisors: Regulatory assets under management: $2,110,644 in the October 2021 data and $4,117,045 in the October 2026 data, up 95%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Selective Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (30); high net worth individuals (2); investment companies (1).

**Does Selective Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/164589

**Does Selective Advisors state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "We have established account minimums at $50,000 although we will occasionally make exceptions for friends, relatives or business associates of current clients."

**What changed in Selective Advisors' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $1,909,864 to $4,117,045 (+116%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Asset-based fee: 1.5% of assets a year

> For our advisory services we will charge our customers 1.5% (negotiable per each particular advised customer) per year applied to the customer’s account Net Liquidation Value

- Account minimum: $50,000 (the brochure says it may be waived or negotiated)

> We have established account minimums at $50,000 although we will occasionally make exceptions for friends, relatives or business associates of current clients.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $4,117,045
- Discretionary: $4,117,045
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 30 | $3,038,650 |
| High net worth individuals | 2 | $337,098 |
| Investment companies | 1 | $741,297 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [selectivecapital.ro](https://selectivecapital.ro)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,110,644 | 1 | March 31, 2021 |
| October 2022 | $1,839,072 | 1 | March 30, 2022 |
| October 2023 | $1,508,343 | 1 | May 10, 2023 |
| October 2024 | $1,880,242 | 1 | March 29, 2024 |
| October 2025 | $1,909,864 | 1 | March 31, 2025 |
| October 2026 | $4,117,045 | 1 | March 31, 2026 |

Regulatory assets under management: $2,110,644 in the October 2021 data and $4,117,045 in the October 2026 data, up 95%.
Total employees: 1 in October 2021 and 1 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $1,909,864 to $4,117,045 (+116%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Selective Advisors (CRD 164589): Form ADV filing data as of October 2026.