Scott Mccord
Scott Mccord is a registered investment advisor at Independent Wealth Network, INC., based in Peoria, IL, with 18 years of industry experience. Scott operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Investment Management, Retirement Planning, Tax Planning. Their firm serves 1,365 clients with $420M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Independent Wealth Network (IWN) is compensated with fees based on a percentage of the average daily value of your investments each month. The fees are deducted directly from your account. The exact management fee is negotiated between you and your advisor, but IWN requires a program fee of 0.10% of assets per year and does not allow advisors to charge more than 2.50% of assets per year. For accounts held away at other custodians, the program fee is higher.
Location
Peoria, IL
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Regulatory History (1)
Customer Dispute
January 2021Other Business ActivitiesSells Insurance
Scott sells fixed insurance, including life, long-term care, and disability insurance, through TNBC and Peak Pro Financial, dedicating minimal time and a few hours per week respectively. He also volunteers as a board member for a non-profit, coaches youth baseball, works as a mental game coach, and owns an advisory business, spending nearly full-time on the advisory business.
Employment History
Current Registrations
Independent Wealth Network, INC.
Previous Registrations
Ausdal Financial Partners, INC.
Ausdal Financial Partners, INC.Broker
Cambridge Investment Research, INC.Broker
Cambridge Investment Research Advisors, INC.
Morgan Stanley & CO. Incorporated
Morgan Stanley & CO. IncorporatedBroker
Morgan Stanley Dw INC.Broker
State Registrations3 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.