Selective Wealth Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 101–250 clients last fiscal year.
Selective Wealth Management reports 697 clients. They include 504 individual clients, 184 high-net-worth individuals and 5 other clients. Of its assets, 100.0% ($455M across 1,801 accounts) are managed with discretion. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 72% | 21% |
| High-net-worth individuals | 26% | 76% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | 2% |
| Other | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 504 | $95.2M | 20.9% | $189K |
| High-net-worth individuals | 184 | $345M | 76.0% | $1.88M |
| Charitable organizations | Fewer than 5 | $4.71K | 0.0% | $4.71K |
| Corporations and other businesses | Fewer than 5 | $11.2M | 2.5% | $3.74M |
| Other | 5 | $2.95M | 0.6% | $590K |
| Total | 697 | $455M | 100% | — |
- Clients
- 504
- Regulatory AUM
- $95.2M
- AUM share
- 20.9%
- Avg. per client
- $189K
- Clients
- 184
- Regulatory AUM
- $345M
- AUM share
- 76.0%
- Avg. per client
- $1.88M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.71K
- AUM share
- 0.0%
- Avg. per client
- $4.71K
- Clients
- Fewer than 5
- Regulatory AUM
- $11.2M
- AUM share
- 2.5%
- Avg. per client
- $3.74M
- Clients
- 5
- Regulatory AUM
- $2.95M
- AUM share
- 0.6%
- Avg. per client
- $590K
Total
- Clients
- 697
- Regulatory AUM
- $455M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Selective Wealth Management charges 1.25% a year for its Investment Supervisory Services. The whole portfolio is charged at the rate of its band. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Stand-Alone Financial Planning
- Stand-alone financial planning is quoted as a single fixed fee, with a retainer of up to $1,200 that may be required.
Middlebelt SWM LQ LLC owns 50% to 75% of Selective Wealth Management. The leadership team of Selective Wealth Management includes Chief Investment Officer Christopher Devlin and Chief Compliance Officer Joshua Standeven. It has 9 employees, 8 of them in advisory roles.
Leadership
- Joshua StandevenChief Compliance Officer
Christopher DevlinChief Investment Officer, CEO
Robert WigfieldDirector of Operations
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
Staff
- 9 employees
- 8 in advisory functions
- 9 state-registered reps
- Owns 50% to 75% of Selective Wealth Management, Inc.
Middlebelt SWM LQ LLC
Control person · since November 2018
- Owns 25% to 50% of Selective Wealth Management, Inc.
Christopher Devlin
Control person · since June 2012
Selective Wealth Management’s regulatory assets grew from $343M (March 2021) to $455M (May 2026); clients were 697 in both filings and employees fell from 10 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $455M | 697 | 9 | 7 |
| July 2025 | $426M | 764 | 9 | 7 |
| March 2024 | $392M | 865 | 12 | 8 |
| May 2023 | $359M | 1,037 | 11 | 9 |
| June 2022 | $409M | 882 | 16 | 10 |
| March 2021 | $343M | 725 | 10 | 3 |
Besides its headquarters, Selective Wealth Management has 6 offices (4 private residences, listed without an address), with 3 listed addresses in North Carolina and Virginia.
Virginia · 2 listed addresses
- 1149 Vista Park Drive, Unit D, ForestHQ
- 2029 Woodbrook Court, Charlottesville
North Carolina · 1 listed address
- 227 W Trade St, Charlotte
Contact and registration details
- Legal name
- Selective Wealth Management, Inc.
- Headquarters
- 1149 Vista Park Drive, Unit D, Forest, VA 24551
- Phone
- 434-515-1517
- @selective_wealth_management
- SEC file
- 801-108568
- Structure
- Delaware corporation
- Fiscal year end
- December
Selective Wealth Management uses Charles Schwab ($349M, 81%) and Fidelity ($82.4M, 19%) as custodians for its separately managed accounts. Selective Wealth Management has custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $349M81%
- FidelityFidelity Brokerage Services LLC · Boston, MA · $82.4M19%
At year end, Selective Wealth Management’s separately managed accounts were mostly in funds (74%) and stocks (16%). Its reported 13F holdings for the quarter ended 30 June 2026 total $381M across 136 positions; the largest are iShares TR (25.4%), Vanguard Index Fds (19.7%) and SPDR Series Trust (5.7%).
What the accounts hold
- Stocks16%
- Funds74%
- Registered funds73%
- Pooled vehicles1%
- Bonds7%
- U.S. government and agency bonds6%
- Investment grade corporate bonds1%
- Cash3%
Reported 13F holdings
- $381M
- Reported 13F value
- 136
- Positions
- 67.2%
- In the 10 largest
- +12.9%
- Value vs. prior quarter
- iShares TR · 0-3 Mth Treasury25.4%
- Vanguard Index Fds · S&P 500 ETF Shs19.7%
- SPDR Series Trust · ST Str P500etf5.7%
- Dimensional ETF Trust · Shor Dur Fix ETF3.2%
- Apple Inc.2.5%
- Meta Platforms Inc. · CL A2.5%
- Dimensional ETF Trust · US Cor Equ 2 ETF2.4%
- Vanguard Index Fds · Total Stk Mkt2.0%
- Wisdomtree TR · Cloud Computng1.9%
- iShares TR · Core S&P500 ETF1.9%
Together, the ten largest are 67.2% of reported value.
How many clients does Selective Wealth Management have?
Selective Wealth Management has 697 clients and manages $455 million for them, as of May 2026. They include 504 individual clients, 184 high-net-worth individuals and 5 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 15 May 2026
What services does Selective Wealth Management offer?
Selective Wealth Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Selective Wealth Management charge?
Selective Wealth Management charges 1.25% a year for its Investment Supervisory Services. The whole portfolio is charged at the rate of its band. The fee is billed in arrears and is negotiable.
Source: ADV FORM 2A, filed 15 May 2026
Which custodians does Selective Wealth Management use?
Selective Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $349M and Fidelity Brokerage Services LLC (Boston, MA), with $82.4M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 15 May 2026
How many financial advisors does Selective Wealth Management have?
Selective Wealth Management has 9 investment adviser representatives registered with state securities authorities, out of 9 employees, and 8 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Selective Wealth Management invest in?
At the end of its last fiscal year, Selective Wealth Management’s separately managed accounts held 73% registered funds (mutual funds, ETFs, BDCs), 16% exchange-traded equities, 6% U.S. government and agency bonds, 3% cash and equivalents, 1% investment grade corporate bonds and 1% pooled vehicles (private funds and similar).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Selective Wealth Management?
Selective Wealth Management’s direct owners are Christopher Devlin (25% to 50%) and Middlebelt SWM LQ LLC (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 15 May 2026
How does Selective Wealth Management get paid?
Selective Wealth Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Selective Wealth Management?
Selective Wealth Management’s main office is at 1149 Vista Park Drive, Unit D, Forest, VA 24551. Its phone number is 434-515-1517. Its website is selectivewealthmanagement.com.