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Selective Wealth Management launches mutual fund

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Ultimus Fund Solutions has been chosen by Selective Wealth Management to provide fund administration services for the firm’s new mutual fund, the Selective Opportunity Fund.

Located in Lynchburg, Virginia, Selective intends to use the fund, a concentrated all cap mutual fund, as the main investment offering for its clients.
 
The mutual fund format will allow for efficiency and consistency in the execution of Selective’s investment strategy, which will support serving investors as the firm grows.
 
The fund’s strategy was developed from the firm’s experience in managing separately managed accounts. The fund will be part of the Unified Series Trust, one of four series trust’s served by Ultimus.
 
Selective has developed a series of educational resources that share information on its investments, process and general investment principles.
 
Ultimus will provide fund administration, fund accounting, transfer agency, compliance and distribution services.
 
“Selective took their time and researched the implications that launching a mutual would have on their business model. After thoughtful consideration, Selective concluded that a mutual fund product was the best option for them to continue to scale their business efficiently,” says Dave Carson, president of Unified Series Trust. “Their philosophy of education is closely aligned with the way Ultimus conducts business. We are so pleased to be a functional part of Selective’s growth plan and we look forward to working with them for years to come.”
 
“It was evident early in the process that Ultimus had expertise to help architect a more transparent fund, thinking about what will be suitable tomorrow and in the future,” says Chris Devlin, chief investment officer at Selective. “With their consultative approach, they clearly understand our business direction and how the fund can help us most effectively to get there. We’re excited about our fund, and happy to have Ultimus as a partner.”

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