Adam Scott has long been a student of investment bubbles, a fascination that began during his studies growing up in England and one that continues to shape his views on the markets and client portfolios as a certified financial planner with Westside Investment Management in Santa Monica, Calif. He’s also keenly aware of the negative impact taxes can have on retirement nest eggs. His focus on the latter has fostered his greater use of tax-efficient ETFs for clients, while his interest in the former informs his decisions on how to deploy ETFs in portfolios.
Schlegel: Tell us a little about your practice.
Scott: Westside Investment Management is a hybrid RIA on the LPL and Schwab platforms. We’re on the same team with a similar investment philosophy and similar models, but we all have slightly different client bases. My client base here in L.A. is quite entertainment-focused, along with creative entrepreneurs. Successful people in the entertainment field may be earning $1 million or $2 million a year, but that might last for only a short period of time, during which they get hammered on taxes. So it’s crucial to come up with strategies to manage their taxes so they can build a retirement nest egg.
Schlegel: How do you do that?
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