Scott Summerford

Experience

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  Arthur Andersen, LLP

  Jan 1991 - Jan 1992

  Staff Tax Accountant

  * Prepared C and S Corporation, partnership, trust, estate and individual income tax returns and conducted tax research.* Selected to conduct earnings and profits study for overseas subsidiary of large manufacturing company.

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  Toombs, Hall and Foster, LLP

  Jan 1992 - Jan 1995

  Senior Accountant

  * Prepared and reviewed individual, partnership, S Corporation, C Corporation and fiduciary income tax returns and tax planning strategies for high-net-worth clients. * Selected thrice to prepare personal return for national real estate developer generating $100,000 in fee income to firm.

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  Dean, Jacobson Financial Services, LLC

  Jan 1995 - Jan 1999

  Senior Associate

  * Managed $100 million in discretionary investment accounts, researched mutual funds and individual stocks, designed asset allocation models and made manager fund selections. Integrated estate and income tax planning with asset management and asset protection from creditors. * Offered Partnership based upon technical expertise, facility with key, top-demand clients and revenue generation: for high-net-worth clients, produced calculations supporting retirement, estate tax liability and tolerance for gifting; for business owners, planned retirement and business succession strategies. Show less

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  AXA Advisors

  Jan 1999 - Jan 2000

  Financial Planning Associate

  Marketed fee-based financial plans, insurance products and investment services.

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  1st Global

  Oct 2000 - Aug 2008

  Director of Research & Investment Policy

  * Appointed Chairman of 1st Global Investment Policy Committee with fiduciary oversight of $4 billion in fee-based assets. Allocated among traditional and alternative asset class managers and products across global capital markets. * Instituted due diligence process and procedures, investment policy statement and asset allocation models supporting pre-selected mutual fund and unified managed account platforms generating $700 million of assets under management. * Produced 6 asset class model portfolios supporting in excess of $6 billion in assets for 1st Global Advisors. * Designed core/satellite and portable alpha portfolios to implement alpha/beta separation, featuring tax overlay and account transition strategies that allow advisors to adjust assumptions and capture assets with income tax efficiency. * Constructed hedging and monetization capabilities for concentrated equity positions in excess of $1 million with OTC zero premium collars and variable prepaid forward sales, realizing $500,000 in revenue annually. * Impacted revenue growth from $32 to $130 million in 6 years by delivering a tax return review tool to CPA financial Advisors that expanded sales in fee-based asset management, direct participation real estate, natural gas products, life insurance and annuity, and derivative solutions for concentrated equity positions. * Convened advanced case design group to assist CPA Advisors with ultra-high-net-worth clients, currently facilitated approximately $35 million in annual revenue. * Present annual 2-day ultra-high-net-worth asset management and tax planning solutions program to CPA Advisors. Show less

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  Wells Fargo

  Aug 2008 - now

  Senior Investment Strategist, Senior Vice President

  * Manage assets on a discretionary basis for 50 key family relationships utilizing four-asset class strategy tied to long-term spending and legacy goals. * Built book of business from $85 to $500 million in 6 years on Fiduciary Platform. * Manage traditional growth assets with private equity and real estate for family office, reporting to Family Office Investment Committee. * Selected to participate in the cutting edge Wells Fargo RiskOptics™ pilot program, identifying total portfolio risk utilizing 11 risk factors within a risk budget range. * Successfully integrate income, estate and gift tax planning with investment management utilizing traditional stock, bonds, hedge fund trading strategies, private equity, managed futures, option and currency overlay, private/public real estate, master limited partnerships and commodities.* Mentor junior staff and collaborate effectively in a team environment. Show less