Scott Wood

Entering his 25th year in the industry, Scott Wood is Co-founder and Chief Executive Officer of True North Advisors. Believing that a fee-based rather than commission-based structure is the standard for truly impartial investment advice, Scott partnered with Mark Gehlbach to found True North as one of the first fee-based firms in the country. Scott is the architect of the firm’s vision, strategy and culture and is a member of the firm’s Investment Policy Committee. He also shares responsibility for shaping the growth, profitability and marketing of the firm. Scott holds the distinction of being a Certified Investment Management Analyst® (CIMA) – awarded by the Wharton School of Business – and is a Chartered Private Wealth Advisor®. Scott is also an active member in the Investment Management Consulting Association (IMCA). He was recently named to the Dallas 500 as one of the the most influential business leaders in North Texas and one of the top 12 in the Investment Industry. At heart, Scott is an entrepreneur. After graduating from Baylor University with a Bachelor of Business Administration in Finance and Economics, Scott began his career at Chase Manhattan Investment Services, New York, where he was responsible for the day-to-day management of this new venture’s privately managed accounts and trading operations. He moved to Dallas with Chase and began working within a fee-based structure. While there, Scott was recognized as a top-ten producer in Chase’s national network, embracing the entrepreneurial latitude he was afforded to conduct business in a new, client-centric way. A visionary in terms of guiding principles, Scott moved to Lockwood Financial, the only independent advisory platform at the time, because he knew the company represented the future of the industry. With experience to round out his philosophies, Scott left to start True North Advisors to expand the services he could offer in a fee-based environment. Today, as a leader in the industry, he continues to advocate against conflicts of interest that compromise objectivity and transparency for the client. Locally, Scott is a member of the Salesmanship Club of Dallas, and is currently serving as Chair of the Retirement Plan Committee for the Club. He is the Vice Chair of the North Texas Young Presidents Organization, and also serves on the Board of Directors of the Tom Landry FCA Foundation. Additionally, he is a Board Member of the Men’s Advocacy Group (MAG), a branch of New Friends New Life. He is a dedicated family man who enjoys health, fitness and giving back to the community and his church. His passions include spending time with his family as well as surfing, snow skiing, and anything outdoors.
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Recent Posts

August 29, 2019 in Investment Commentaries | by Scott Wood

Planning for a Risk Resistant Retirement

Keeping your retirement on autopilot may be easy, but it’s not going to maximize your wealth. If your goal for retirement is preserving your current lifestyle, a poorly optimized plan may push back your retirement date by years. Read More

August 20, 2019 in Entrepreneurship | by Scott Wood

Selling Your Business: From Beginning to End

The economy is currently a perfect storm for entrepreneurs who are considering selling their business. Company valuations are higher than historic averages because so much money has flowed into private equity as an asset class. However, selling a business is far more complicated than most owners... Read More

March 27, 2019 in Invested In Transparency | by Scott Wood

Transactional vs. Transformational Relationships With Your Financial Advisor

Nightmare stories about unethical financial advisors taking advantage of clients certainly make for attention-grabbing headlines, but those examples are not a true depiction of the overall ethics in the financial services industry. Read More

March 15, 2019 in Transparency | by Scott Wood

Invested in True Transparency: Broker-Dealer vs. Registered Investment Advisor. What’s the Difference?

I have been in the financial services industry for almost 30 years. While the language of our industry is second nature to me, I know that the various terms describing who we are and what we do can be confusing for those unfamiliar with such industry vernacular. It’s been difficult, even for recent... Read More

February 27, 2019 in Entrepreneurship | by Scott Wood

Four Helpful Tips to Properly Manage Your New-Found Wealth

Imagine winning the lottery. Now, how would you spend that money? It’s a scenario that everyone has thought about at one point in their lives, but the chances of winning the lottery are virtually non-existent, making these dream scenarios nothing more than fantasy. However, it’s not uncommon for... Read More
   

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