AdvisorCensus / Financial advisors / Virginia / Lynchburg / Selective Wealth Management, Inc.
Selective Wealth Management, Inc. is an SEC-registered investment advisory firm in Forest, VA, registered since 2016, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 15, 2026.
Quick answers
From the filingHow is Selective Wealth Management, Inc. compensated?
On its Form ADV (Item 5.E, October 2026), Selective Wealth Management, Inc. reports these compensation arrangements: a percentage of assets under its management.
Where is Selective Wealth Management, Inc. located?
Selective Wealth Management, Inc.'s principal office is in Forest, VA, according to its Form ADV; the June 2026 filing also lists 2 other offices (Schedule D, Section 1.F).
Is Selective Wealth Management, Inc. registered with the SEC or a state?
Selective Wealth Management, Inc. is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 164882.
How much does Selective Wealth Management, Inc. manage?
Selective Wealth Management, Inc. reports $454,812,962 in regulatory assets under management in its Form ADV filing dated May 15, 2026 (100% discretionary).
How have Selective Wealth Management, Inc.'s assets and staff changed since 2021?
In the Form ADV data for Selective Wealth Management, Inc.: Regulatory assets under management: $342,537,636 in the October 2021 data and $454,812,962 in the October 2026 data, up 33%. Total employees: 10 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Selective Wealth Management, Inc. serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (504); high net worth individuals (184); other (5).
Which custodians does Selective Wealth Management, Inc. use?
Selective Wealth Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.
Does Selective Wealth Management, Inc. 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/164882
Does Selective Wealth Management, Inc. state an account minimum?
Its Form ADV Part 2A brochure dated May 15, 2026 says: "In general, we require a minimum account size of $1,000,000 to open and maintain an advisory account, which may be waived at our discretion."
What changed in Selective Wealth Management, Inc.'s recent Form ADV filings?
In the April 2026 filing data: No longer lists an office in Cave Spring, VA. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
In general, we require a minimum account size of $1,000,000 to open and maintain an advisory account, which may be waived at our discretion.
As stated in the firm's Form ADV Part 2A brochure dated May 15, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$454,812,962 as of October 2026, filing dated May 15, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2016 (9 years)
- Employees
- Total: 9. Performing investment advisory functions: 8.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- Other offices (Schedule D, Section 1.F)
-
2 other offices, as of the June 2026 filing
- States registered or notice-filed
-
31 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $454,812,962 | 9 | May 15, 2026 |
| October 2025 | $425,928,464 | 9 | July 31, 2025 |
| October 2024 | $392,478,082 | 12 | March 19, 2024 |
| October 2023 | $358,769,908 | 11 | May 16, 2023 |
| October 2022 | $408,552,589 | 16 | September 1, 2022 |
| October 2021 | $342,537,636 | 10 | September 14, 2021 |
Regulatory assets under management: $342,537,636 in the October 2021 data and $454,812,962 in the October 2026 data, up 33%.
Total employees: 10 in October 2021 and 9 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- No longer lists an office in Cave Spring, VA.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Selective Wealth Management, Inc. (CRD 164882): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/selective-wealth-management-inc-forest-va-164882