The Scott S. James Company (“SJC” or “Firm”) was formed in 1996 and is based in Falls Church, VA. Scott S. James is the principal owner of SJC. The Firm offers financial planning, investment advisory services, and trustee services. The financial planning focuses on the client's financial position relative to funding their children's education and their retirement goals. Investment Advisory Representatives of The Scott S. James Company are Certified Financial Planners. PORTFOLIO MANAGEMENT SJC offers asset management services to advisory Clients. SJC will offer Clients ongoing asset management services through determining individual investment goals, time horizons, objectives, and risk tolerance. Investment strategies, investment selection, asset allocation, portfolio monitoring and the overall investment program will be based on the above factors. Discretionary When the Client elects to use SJC on a discretionary basis, the Client will sign a limited trading authorization or equivalent allowing SJC to determine the securities to be bought or sold and the amount of the securities to be bought or sold. SJC will have the authority to execute transactions in the account without seeking Client approval on each transaction. Non-Discretionary When the Client elects to use SJC on a non-discretionary basis, SJC will determine the securities to be bought or sold and the amount of the securities to be bought or sold. However, SJC will obtain prior Client approval on each and every transaction before executing any transaction. FINANCIAL PLANNING AND CONSULTING Financial planning services include an evaluation of a Client's current and future financial state will be provided by using currently known variables to predict future cash flows, asset values and withdrawal plans. SJC will use current net worth, tax liabilities, asset allocation, and future retirement and estate plans in developing financial plans. Topics generally reviewed in a financial plan may include but are not limited to:
• Financial goals: Based on an individual's or a family's clearly defined financial goals, including funding a college education for the children, buying a larger home, starting a business, retiring on time, or leaving a legacy. Financial goals should be quantified and set to milestones for tracking.
• Personal net worth statement: A snapshot of assets and liabilities serves as a benchmark for measuring progress towards financial goals.
• Cash flow analysis: An income and spending plan determines how much can be set aside for debt repayment, savings and investing each month.
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Retirement strategy: A strategy for achieving retirement independent of other financial priorities. Including a strategy for accumulating the required retirement capital and its planned lifetime distribution.
• Comprehensive risk management plan: Identify all risk exposures and provide the necessary coverage to protect the family and its assets against financial loss. The risk management plan includes a full review of life and disability insurance, personal liability coverage, property and casualty coverage, and catastrophic coverage.
• Long-term investment plan: Include a customized asset allocation strategy based on specific investment objectives and a risk profile. This investment plan sets guidelines for selecting, buying, and selling investments and establishing benchmarks for performance review.
• Tax reduction strategy: Identify ways to minimize taxes on personal income to the extent permissible by the tax code. The strategy should include identification of tax favored investment vehicles that can reduce taxation of investment income.
• Estate preservation: Help update accounts, review beneficiaries for retirement accounts and life insurance, provide a second look at your current estate planning documents, and prompt you to update your plan when the legal environment changes or you have major life events such as a marriage, death, or births. If a conflict of interest exists between the interests of SJC and the interests of the Client, the Client is under no obligation to act upon SJC’s recommendation. If the Client elects to act on any of the recommendations, the Client is under no obligation to affect the transaction through SJC. Financial plans will be completed and delivered within ninety (90) days contingent upon timely delivery of all required documentation. SJC tailors all services to meet the individual needs of our clients. The goals and objectives for each Client are documented in our Client files. Investment strategies are created that reflect the stated goals and objectives. Clients may impose restrictions on investing in certain securities or types of securities. These restrictions may, however, prohibit engagement with SJC. TRUSTEE SERVICES The Scott S. James Company also provides trustee services upon client request. SJC will act as the trustee for trust accounts for a fee. SJC does not participate in a Wrap Program. As of December 31, 2023, The Scott S. James Company has $91,553,175 of total assets under management. $79,815,251 was managed on a discretionary basis and $11,737,924 was managed on a non-discretionary basis.