With more than 20 years of experience in the financial services industry, Scott has built several financial services related businesses. Early on in his entrepreneurial journey Scott started an investment management and advisory firm after seeing firsthand the inherent flaws and conflicts of interests in the traditional sales and product driven approach when when several people he knew lost a significant portion of their hard earned life savings to high-cost and commission based investment products and inappropriate investment advice.
It was at that point he thought there had to be a better way for investors to obtain unbiased advice and low-cost access to the financial markets. That lead him to start Quest Asset Management, LLC, an investment management firm, with the novel idea of putting investor interests first as a fiduciary, which was mostly unheard of at the time. The idea centered on the concepts of simplicity, keeping total investment costs and taxes extremely low and developing a custom investment plan for each client using low-cost asset class and index funds to give clients a fighting chance to achieve and match the actual performance of the stock and bond markets without unnecessary risk.
A few years later Scott merged Quest Asset Management, LLC with another local investment advisory firm Portfolio Solutions, LLC that shared the same investment principles at that time. Several years after the combined merger, Scott went on to guide and grow the combined firm from advising approximately $60 million in client investment assets under management to more than $1.4 billion. In early 2015, Scott sold his ownership interest in the firm when he and his business partner at that time had different visions for the future direction of the firm.
Along Scott's journey he has been quoted and/or interviewed by some of the following publications: The Wall Street Journal, Investor’s Business Daily, Kiplinger’s Retirement Report, TheStreet.com, Cheddar.TV, Crain’s Detroit Business and MarketWatch.com; among others.