SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Select Money Management, Inc.
Los Angeles, CA
CRD 153256
Firm filing updated August 17, 2026 ·
- $1.8BAssets
- 1,031Clients
- 8Advisory staff
- 2,627Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals507
- High net worth individuals399
- Charities46
- Pension and profit sharing plans42
- Corporations or other businesses37
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 507 | $135.3 million |
| High net worth individuals | 399 | $1.4 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 42 | $74.7 million |
| Charitable organizations | 46 | $120.0 million |
| Corporations or other businesses not listed above | 37 | $73.8 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Selection of other advisors (including private fund managers)
- Portfolio management for individuals and/or small businesses
- Selection of other advisors (including private fund managers)
Assets and accounts
- Regulatory assets$1.8 billion
- Accounts2,627
- Discretionary$1.8 billion · 2,613 accounts
- Non-discretionary$43.9 million · 14 accounts
People
- Employees8
- Advisory staff8
- Broker-dealer reps7
- Licensed insurance agents5
Registration details
- SEC-registered investment advisor. CRD 153256, SEC file 801-71212.
- Registered with the SEC as an investment advisor (status date on record: March 15, 2010).
Is Select Money Management, Inc. a fiduciary?
Short answer: Select Money Management, Inc. is registered with the SEC as an investment advisor. Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 7 staff are broker-dealer representatives and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
5 staff are licensed insurance agents and the firm has a related insurance company or agency.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.