Scot Mccormick LLC (Cape Coral)


Scot Mccormick LLC is a large advisory firm based in Cape Coral. It manages $417.95 million of regulatory assets for 39 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Florida, Georgia, and Nevada.

Scot Mccormick provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Scot Mccormick: assets under management

The assets under management (AUM) of Scot Mccormick LLC is $417.95 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 128% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $417.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.72 million each.

Investments

The firm invests in exchange traded securities the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Scot Mccormick LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Scot Mccormick serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Scot Mccormick is high net worth individuals with 24 clients and $340.94 million of assets under management. Among the 10 most similar advisory firms, Scot Mccormick has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $417.95 million for 26 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Scot Mccormick doesn't advise any private funds.

Careers at Scot Mccormick LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Scot Lyle Mccormick Managing member/chief compliance officer 1 Nov 2007 75% - 100% 1446132

Based in Cape Coral

The principal office where Scot Mccormick LLC performs its advisory services is located at 4641 Nw 34 Th Ter, Cape Coral, FL 33993 7908 The mailing address of the firm is P.O.Box 150250, Cape Coral, FL 33915 0250. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 239-282-1391 or by fax 239-282-1391. The normal business hours are 8.00 a.m. - 4:30 p.m. on Monday - Friday.