Bennett Selby Investments, L.P.

Bennett Selby Investments provides discretionary investment supervisory services to individual clients — including high-net-worth households — and to qualified retirement plans, offering pension consulting and ERISA Section 3(38) discretionary fiduciary services for plan sponsors. The firm manages separately managed accounts for a relatively small client base across a three-advisor team.

The adviser follows a long-term, value-oriented equity strategy that emphasizes concentrated portfolios, low turnover, and holding cash when attractive opportunities are scarce; it seeks businesses with strong economics that can be purchased at prices below the firm’s estimate of intrinsic value. While primarily investing in individual publicly traded equities (and occasionally ETFs or mutual funds), the firm selectively employs option strategies in separately managed accounts, including selling covered calls and selling puts to generate income and to position clients to acquire stock at targeted prices.

Distinctive features disclosed in the brochure include principals investing their own capital alongside client positions and a stated practice that principals may trade options in personal accounts, with procedural mitigants such as using limit orders to align pricing. The combination of derivatives used within SMA mandates, concentrated portfolios, and the provision of ERISA Section 3(38) fiduciary services sets Bennett Selby apart from many peers.