Scott Mcdonald
Scott Mcdonald is a registered investment advisor at MML Investors Services, LLC, based in Weaverville, NC, with 16 years of industry experience. Scott operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Retirement Planning. Their firm serves 392,809 clients with $90B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
MML Investors Services manages investment menus for retirement plans and offers a managed account service for participants.
For the overall plan, MMLIS selects and monitors investment options. For participants using the managed account service, fees are charged quarterly, up to a maximum of 0.60% per year of the account value. MMLIS receives 0.10% of this fee, with the remainder going to Morningstar and the recordkeeper. The exact fees vary by recordkeeper and whether the service is a Qualified Default Investment Alternative.
Location
Weaverville, NC
Get directionsHistory
Regulatory History (1)
Regulatory
March 2024Other Business ActivitiesSells Insurance
Scott is involved in several outside business activities. He is in sales, ownership, and an agent for Innovative Financial Planning, LLC, manages Concept Properties, LLC, and works as an optometrist at Elevate Eye Care and Optometric Eye Care Center.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Southeast Investments, N.c., INC.
Southeast Investments, N.c., INC.Broker
State Registrations4 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.