Selby Wealth Management

Selby Wealth Management

Selby Wealth Management was founded in 2002 by Patricia Selby, who structured the firm as a fee-only registered investment advisor headquartered in St. Paul, Minnesota. The practice grew around a core clientele of 3M, Ecolab, and other Minnesota-based corporate executives navigating concentrated stock positions and pre-retirement distribution sequencing. The firm constructs portfolios using low-cost mutual funds and ETFs, with an asset allocation framework weighted toward tax efficiency and income reliability. Selby does not manufacture proprietary products. Client accounts are custodied at Charles Schwab and TD Ameritrade Institutional. The practice spans taxable brokerage accounts, IRAs, 401(k) rollovers, and trust accounts, with an explicit emphasis on required minimum distribution strategies, Social Security optimization, and multi-generational estate coordination. The firm operates from a single office in downtown St. Paul. Team size has historically remained under five professionals, consistent with a lifestyle practice serving fewer than 100 client households. Patricia Selby maintains her CERTIFIED FINANCIAL PLANNER designation and has periodically contributed to local financial literacy initiatives in the Twin Cities. Selby's structural signature is its deliberate refusal to scale. The firm has never pursued institutional capital, never launched a pooled vehicle, and never expanded beyond the Twin Cities metro. In an industry where RIA roll-ups now consolidate firms of this size into larger platforms, Selby's continued independence — now spanning more than two decades — is its primary differentiator.