W. Scott Simon, J.D., CFP®, AIFA®

W. Scott Simon, J.D., CFP®, AIFA®

Discretionary Fiduciary Investment Advisor

An industry veteran, author and fiduciary expert witness, Scott is the author of two books: The Prudent Investor Act: A Guide to Understanding and Index Mutual Funds: Profiting From an Investment Revolution (Foreword by John C. Bogle). He has written a popular and well-received column for Morningstar on fiduciary investment matters on a monthly basis since 2003. This column as well as other articles he has written related to modern prudent fiduciary investing cover a wide variety of fiduciary investment issues concerning private retirement plans such as 401(k) plans, public employee retirement plans and non-profits including foundations and endowments as well as a myriad number of other topics.

Scott’s practical experience and credentials as well as his investment expertise and legal background give him a unique perspective shared by few. He consults regularly with plan sponsors on a number of issues and has served as an ERISA section 3(38) discretionary fiduciary investment manager for all the plans for which he has invested and managed money. Scott also has met one-on-one with hundreds of plan participants over his career to provide them with prudent investment education and advice.

As a result of working with retirement plans, Scott has developed expertise and broad experience concerning a wide range of issues relating to the Employee Retirement Income Security Act of 1974, particularly the fiduciary requirements of Title I. These include fiduciary duties, especially loyalty and prudence, the conduct of plan fiduciaries, and the costs and diversification of investment options in retirement plans.

For this collective body of work, Scott received the 2012 Tamar Frankel Fiduciary of the Year Award conferred by the Committee for the Fiduciary Standard for his “contributions to advancing the vital role of the fiduciary standard to investors, capital markets and to society.”

Scott is a member of the State Bar of California. He is admitted to practice before the U.S. District Court, Central District of California as well as the U.S. Tax Court. Simon is a Certified Financial Planner® and an ACCREDITED INVESTMENT FIDUCIARY ANALYST™. His certification as an AIFA® qualifies him to conduct independent assessments to evaluate the compliance of fiduciaries and investment professionals with the standards of modern prudent fiduciary investing. Scott is also enrolled in Level II of the Chartered Financial Analyst (CFA®) program.

Scott graduated from UCLA with departmental honors in political science and earned his law degree at Southwestern University School of Law. After law school, he was awarded a Rotary Foundation Post-Graduate Law Fellowship to study law in England. He practiced business, corporate, tax and real estate law in Los Angeles for almost a decade prior to entering the investment advisory profession.

More about Scott:

  1. In a former life I was…a giraffe!
  2. On the weekends you’ll find me…you won’t…
  3. Wellness for me is…good health and contentment.
  4. Retirement looks like…I don’t wanna retire…wah…
  5. My heroes are…my parents for all they did for me including providing my brothers and I with an idyllic upbringing.