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Rating:A 7-Year-Old RIA Launches its First Mutual Fund  Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 19, 2017

A 7-Year-Old RIA Launches its First Mutual Fund

Reported by Marisa Santella

Lynchburg, Virginia-based RIA, Selective Wealth Management, launched its first mutual fund and chose Ultimus Fund Solutions to provide administration services.

Matt Schubert
Selective Wealth Management
The newly launched fund, Selective Opportunities Fund, builds on their SMA experience and on their "a better educated investor is a better investor" philosophy.

"The fund will invest in ten to fifteen publicly traded companies that vary in size, geographic region, and companies that meet six selective criteria," Matt Shubert, CEO of Selective Wealth Management tells MFWire.

Selective decided the launch was an efficient way to scale their business, and chose Ultimus to provide services due to "their level of efficiency and reputation," says Shubert.

The fund will be part of the Unified Series Trust, one of four series trustís served by Ultimus, a $60-billion firm.

Dave Carson, president of the Unified Series Trust, tells MFWire, "We spent a lot of time upfront with Selective to decide the best way to help their investors."

To compliment the fund launch, Selective creates informational videos that provide clients with detailed information on a particular company they are investing in and gives quarterly updates.

These companies meet the six selective criteria points that include: being debt-free, having enduring services, a strong competitive advantage, a standing corporate structure, skillful re-investment strategies, and their capital allocation.

"The videos provide a level of education to understand our investment process, which is buying for the long-term," says Shubert. 

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