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Scott McClatchey  - Financial Advisor in Carlsbad, California for

Paladin Research Report For:

Scott McClatchey

WWM Financial

Scott McClatchey, a financial fiduciary, has been a Paladin Registry member since 2017 and provides financial services to clients in the Carlsbad, California area. Scott holds the Certified Financial Planner , Master of Business Administration certifications. Scott has over 12 years of experience.

I. Snapshot

Part I provides a quick summary of this advisor’s credentials, ethical history, and business practices. See additional descriptive information in Parts IV through VIII of this research report.

A. Registry Member
  • Since 2017
B. Years of Experience
  • 12
C. College Degrees
  • UCLA - MBA 2000
  • University of Illinois - MSEE 1984
  • University of Illinois - BSEE 1982
D. Certifications
  • CFP® , MBA
E. Financial Fiduciary
  • Yes
F. Asset Requirement
  • $250,000

II. Contact Information

Part II provides general contact information

A. Key Contact
  • Scott McClatchey
B. Main Location
  • 2131 Palomar Airport Rd.
    Suite 330
    Carlsbad, California, 92011
C. Telephone
  • 760-692-5196

III. Internet

You should use the Internet to conduct your own online research for advisors before you select them:

  • Visit firm websites
  • Google search names (advisors, firms, owners of firms)
  • Check advisor compliance records at FINRA.org
  • View firm ADVs at SEC.gov
  • View social connections
  • Read articles that have been written by this advisor or firm
Tip: The information on the Internet is easy to access, you retain your anonymity while you conduct your research, and you will find information that helps you make the right decisions.

A. Visit Website
B. Social Connections

IV. Firm(s)

This part of the research report contains important information that describes an advisor’s relationship to various financial firms.

RIA (Registered Investment Advisor): This type of firm registration permits the advisor to provide financial advice and services for fees.

Broker/Dealer: This type of firm licenses representatives who sell financial products for commissions.

Relationship: The advisor may be an owner, employee, partner, or independent contractor.

Tip: Make sure you know who owns the advisor’s RIA and Broker/Dealer (if applicable). The firm may look independent, but it may be owned by a bank or insurance company. Google the name of the owner to make sure there is no history of financial fraud, misrepresentation, or omission.

A. Name of Firm
  • WWM Financial
B. Name of RIA
  • WWM Financial
C. Name of Broker/Dealer
D. Name(s) of Custodian(s)
  • Charles Schwab & Co.

V. Credentials

You want a real expert with documented credentials helping you plan your financial future and invest your assets in the securities markets.

Real experts have valid, documented credentials that include degrees, experience, and high quality certifications.

Experience: Years of experience is the best way for advisors to become real financial experts.

Education: Degrees should be from accredited institutions. Use the Internet to research schools you may not have heard of. Some advisors buy degrees to appear more knowledgeable than they really are.

Certifications: Also called designations, certifications are the best way for advisors to acquire specialized knowledge in shorter time periods. Some certifications are extremely valuable (CFA, CFP, CIMA, CPA). 35% of certifications are fake (Source: Paladin Research).

Associations: Membership in quality associations can also be a source of specialized knowledge if the organizations have continuing education requirements.

Firm Credentials: Some advisors represent firms that employ or license multiple professionals. Some of these professionals may impact your financial results.

Tip: Real experts have good educations, years of experience, and high quality certifications and designations.

A. Years of Financial Experience
  • 12 Years
B. College, Degrees, Years
  • UCLA - MBA 2000
  • University of Illinois - MSEE 1984
  • University of Illinois - BSEE 1982
D. Financial Industry Associations (Active Memberships)
  • Financial Planning Association

VI. Registration, Licensing,
Compliance

You want a real financial expert. You also want an expert you can trust.

Registration: Only Registered Investment Advisors (firms) and Investment Advisor Representatives (professionals) can provide financial advice and ongoing services for fees.

Type of Registration: RIAs with less than $100 million of assets register with your state’s Securities Commissioner. RIAs with more than $100 million of assets register with the Securities and Exchange Commission.

Industry Licenses: These licenses permit advisors to sell investment and insurance products for commissions.

Registration & License Numbers: Use the advisor and firm’s registration and license numbers to check compliance records at: FINRA.org, SEC.gov, your State’s Securities Commissioner, and your State’s Insurance Commissioner.

State Licensing: Make sure the advisor is licensed to sell investment and insurance products in your state. Make sure the advisor is properly licensed before you buy.

Financial Fiduciary: RIAs and IARs are fiduciaries who are held to the highest ethical standards in the financial service industry. Salesmen are held to lower ethical standards that do not require them to put your financial interests first.

Compliance Record (Investment): Does an advisor or firm have disclosures on compliance records that are maintained by FINRA.org, SEC.gov, or your state’s Securities Commissioner?

Compliance Record (Insurance): Does an advisor or firm have disclosures on compliance records that are maintained by your state’s Insurance Commissioner?

Criminal Disclosures: It may be hard to believe, but convicted felons can obtain securities licenses if their crimes were not securities related.

Additional Disclosures: Advisors and firms have the option of providing additional disclosures that are published on their Paladin Research Reports.

ADVs: RIAs file ADVs with the Securities and Exchange Commission. These documents provide valuable information about advisory firms.

Links: Click on these links to view additional information about advisors and firms on third party websites.

A. RIA/IAR Registration
  • RIA and IAR
B. Type of RIA Registration
  • SEC
C. Registration & License Numbers
  • CRD: 5116709
  • IARD: 157620
  • Insurance: 0G51135
D. State Licences
  • Financial Advice, Services for Fees: See List
    • Arizona
    • California
    • Florida
    • Illinois
    • Kentucky
    • Maryland
    • North Carolina
    • Texas
  • Insurance Products for Commission: See List
    • California
    • Illinois
E. Compliance Record (Investment)
F. Compliance Record (Insurance)
G. View our ADV(s)
H. Links

VII. Business Data & Practices

Part VII describes the advisor’s business and practices. How does the advisor’s business practices compare to other professionals you are considering?

Business Philosophy: Every advisor has a business philosophy. This makes philosophy a differentiating characteristic. Compare philosophies and select the one that has the highest probability of helping you achieve your financial goals.

Minimum Asset Requirement: A high percentage of financial advisors have minimum asset requirements for new clients. Advisors with bigger practices tend to have higher minimums. Advisors with smaller practices tend to have lower minimums. Some advisors will work with anyone who would benefit from their services.

Number of Current Clients: An indicator for the scope of an advisor or firm’s current business.

Assets Under Management or Advisement: An indicator for the scope of an advisor or firm’s current business.

Method(s) of Compensation: A critical variable when you select a financial advisor. Real advisors are compensated with fees. Salesmen are compensated with commissions. Some professionals receive both types of compensation.

Methods of Communication: Traditional advisors will meet face-to-face in your location or their offices. Virtual advisors communicate via email, telephone, or Skype. All Robo advisor communications are online.

Types of Reports: Performance reports are the most important type of documentation. You may also want brokerage statements, market environment reports, and newsletters.

Second Language: It may be important to you that your advisor speaks a second language.

Value Statement: This statement may describe how this advisor or firm produces value that offsets expenses that are deducted from your accounts. The statement may also describe differentiating characteristics.

Tip: Select an advisor or firm that has an investor-friendly business model and practices.

A. Business Philosophy
  • I enjoy helping clients meet their financial and life goals. As an independent, fee-based financial planner, my approach is to listen to my clients, learn about their goals and lives, and work hard to earn their trust. I treat clients with respect and believe in creating a mutually beneficial relationship, grounded in honesty and integrity. I’m a small-town boy with traditional Midwestern values. I’m fair and honest, and am not a pushy salesman-type. My first career was in the satellite communications business. I moved into personal financial planning because I love it and wanted to help others, not because I wanted to get rich. My biggest thrill is guiding clients through the planning process and watching them achieve everything they’ve always wanted and more. My philosophy is keep it simple and do whatever I can to help. I also believe in giving back to the community by volunteering time, donating money, doing community service projects, and hosting educational workshops.

B. Minimum Asset Requirement
  • $250,000
C. Second Language(s)
D. Value Statement
  • I’m not in it for the money, which distinguishes me from most others in this business. I’m an honest, caring, empathetic person who genuinely likes helping people. I had a successful first career in satellite communications, working for HUGHES, Ball Aerospace, DIRECTV, and XM Satellite Radio in both an engineering and a management/business capacity. I changed careers to help people solve their financial problems. It’s challenging, but fun, and very rewarding. With a background in engineering, I’m a good problem-solver and can dig much deeper analytically than most advisors. But what drives me is helping clients develop and achieve their financial and life goals. I’ve also got an MBA and am a CERTIFIED FINANCIAL PLANNERTM. Over the years I’ve learned to be a good listener, and believe in treating everyone equitably and with respect. It’s not an act; it’s who I am as a person.

VIII. Clients & Services

Part VIII provides information about this advisor or firm’s clientele and services.

Types of Clients: Describes the types of clients this advisor or firm works with. You should ask for a breakdown of clients to make sure the advisor works with a lot of clients like you.

Types of Services: Describes the types of services that are provided by this advisor or firm. Make sure the advisor provides the services that you are seeking.

Discretionary Asset Management: Some advisors and firms make investment decisions for clients without the clients’ approval in advance.

Limited Engagement Services: Some advisors provide limited engagement services that do not require assets.

Custodian(s): Financial advisors are not allowed to come in contact with your assets. They use the services of third party or firm custodians to hold your assets for you. Make sure the advisor uses the services of a brand name custodian or a custodian with a long history of providing services to investors with billions of dollars of assets.

Tip: There are five types of financial advice and services: Planning, Investment, Insurance, Tax, and Legal (wills, trusts).

A. Types of Clients
  • Individuals & Couples (Working)
  • Individuals & Couples (Retired)
B. Types of Financial Services
  • Financial Planning
  • Investment Advice & Management
  • Insurance Products & Annuities
C. Discretionary Asset Management
  • Discretionary and Non-Discretionary
D. Limited Engagement Services
  • Planning Only
  • Financial Plan Reviews
  • Investment Portfolio Reviews
  • Financial Consultant (bill by the hour)

IX. Certification

Certification: Advisors certify the data in this research report are complete and accurate. Check Most Recent Update to determine the last time this advisor or firm updated this report.

Advisor Name
  • Scott McClatchey
Most Recent Update:
  • Feb 12, 2019

BASIC INFORMATION NEEDED FOR THE INQUIRY

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