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Selby Wealth Management
SELBY WEALTH MANAGEMENT is an SEC-registered investment adviser in EMERYVILLE, CA, registered since 2024. The firm manages approximately $545 million in...
Selby Wealth Management
SELBY WEALTH MANAGEMENT is an SEC-registered investment adviser in EMERYVILLE, CA, registered since 2024. The firm manages approximately $545 million in assets. It has 4 employees and 3 investment advisers.
General information
Firm type
Asset Manager
Year founded
2002
Location
Region
North America
Country
United States
City
Emeryville
Corporate office
St. Paul, MN, United States
Principals
Patricia Selby
Founder and President
Sector focus
Frequently asked questions
Who runs investment decisions at Selby Wealth Management?
Patricia Selby, the founder and President, serves as the firm's lead advisor and oversees all investment decisions. She holds the CERTIFIED FINANCIAL PLANNER designation and personally manages client relationships. The firm does not employ a separate Chief Investment Officer or investment committee.
How does Selby Wealth Management bill for its services?
The firm operates on a fee-only basis, typically charging a percentage of assets under management. This structure aligns compensation with portfolio performance and avoids commissions on product sales. Specific fee schedules are disclosed in the firm's Form ADV Part 2A, filed with the SEC.
Where are client assets custodied?
Selby Wealth Management uses Charles Schwab and TD Ameritrade Institutional as qualified custodians. The firm does not hold client funds directly. This third-party custody arrangement provides clients with independent account statements and SIPC protection.
What is Selby's approach to concentrated stock positions?
Concentrated equity from corporate employers — particularly among 3M and other Minnesota-based executives — is a specialty. Sell-down strategies, exchange funds, and charitable remainder trust structuring are used to diversify tax-efficiently. The firm coordinates with CPAs to sequence exercises, sales, and withholding.
Does Selby Wealth Management operate as a family office or a traditional RIA?
It is a traditional fee-only RIA, not a family office. While it provides concierge-level service to a limited number of households, the firm does not offer family-office services like bill pay, private aviation management, or direct private investments. Its client base consists primarily of corporate professionals and retirees.
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