Due Diligence

Fees & Minimums

Selective does not charge a management fee at the RIA level. However, Selective is the adviser to a mutual fund. Fund fees are published in the prospectus. Selective does not charge on investments managed outside the fund. For more information about mutual fund expenses please contact info@selectivewm.com or use the contact form to the right.

We do not offer break fees based on account size.

Our brokerage firm, Shareholders Service Group, charges $10.95 per market order and $13.95 per limit order. Additionally, Shareholders Service Group charges $15 to purchase and redeem mutual fund shares. These fees are charged every time we buy or sell a stock in your account. All returns, calculations and performance presentations are after all fees.

Retirement accounts with a balance of less than $10,000 are charged $25 per year.

Selective does not charge fees at the RIA level. For more information about fees associated with the Fund please request a prospectus in the "Contact Us" section to the right.

The minimum investment is $10,000 for taxable accounts and $5,500 for non-taxable (retirement) accounts.

We use a custodian to custody your assets; Pershing LLC. By utilizing a highly respected third party custodian your funds are safeguarded to maximize security.

Funding & Withdrawals

If you are not transferring an investment account to Selective, the initial funding of your account requires a check made payable to Pershing LLC. After that you can easily set up electronic contributions by selecting the "Link Bank Account" button under your account management page.

There are a few ways to deposit additional funds to your account. You may make a check payable to Pershing LLC and mail it to 828 Main St, Suite 1703, Lynchburg, VA 24504. If you have an established ACH you may deposit funds electronically via your "one-time contribution" option on your Selective Account Page. Finally, you may also wire additional funds. For wiring instructions please contact us at info@selectivewm.com.

Yes. You may establish automatic monthly contributions or withdrawals from your investment account directly from your Selective account page with the click of a button.

If you are withdrawing from a retirement account you simply need to complete an IRA Distribution form (we will provide). If you are withdrawing any other account simply indicate it on your Selective account page with the click of your mouse.

It could be as fast as one business day or take up to five business days depending on if we need to liquidate any holdings in your account, and if you established an ACH Agreement to electronically transfer funds.

Service Providers

We are legally represented by Creekmore Law Firm PC located in Blacksburg, VA. www.creekmorelaw.com/contact-us/

Brockman, Drinkard, and Pennington located in Lynchburg, VA conduct an annual performance verification that is GIPS compliant.

Our custodian is Pershing LLC. http://www.pershing.com/contact_us/index.html

Our prime broker is Pershing - a subsidiary of New York Bank of Melon. http://www.pershing.com/contact_us/index.html

Legal Documents

Contact Us

Selective Wealth Management main office map

Main Office

828 Main St
Suite 1703
Lynchburg, VA 24504
View Google Map

Phone

434-515-1517

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