SCOTT D. TOOMASSON
Professional summary
SCOTT D TOOMASSON, who also goes by Scott D Toomason, Scott David Toomasson, is a registered financial advisor currently at CERITY PARTNERS LLC located in San Francisco, California.
SCOTT is registered as an IAR (Investment Advisor Representative) and started their career in finance in 2000. SCOTT has worked at 10 firms and has passed the Series 66, Series 65, Series 63 and Series 7 exams.
Biography
Question & Answer
Aliases
Other business activities
CRS (Client Relationship Summary) - RIA
CERITY PARTNERS LLC - Registered Investment Advisory firm
Version Date: Thu Mar 28 2024Cerity Partners LLC is registered with the Securities and Exchange Commission as an Investment Advisor with offices throughout the United States. Registration of an Investment Advisor does not imply any level of skill or training.
Brokerage and investment advisory services and fees differ, and it is important as a retail investor to understand the difference. Free and simple tools are available to research firms and financial professionals at Investor.gov/CRS, which also provides educational materials about broker-dealers, investment advisers, and investing.
Fees and Costs:
Cerity Partners charges asset-based, fixed, and hourly fees. Our fee for wealth management services, including investment advisory, is up to 1.50% per year of assets under management, and the fee is negotiable based on certain criteria. While our standard agreement is inclusive of all services, we may from time to time quote a fixed annual retainer for services based on the scope of the engagement. We may enter into performance fee arrangements with qualified clients. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what other fees and costs you are paying, such as custodian fees and underlying investment fees. For more information on our fees and how we calculate fees, please refer to Item 5 of Cerity Partners ADV Part 2A Disclosure Brochure or at https://adviserinfo.sec.gov/firm/summary/151559. Our advisors are compensated based on the amount of assets under management that they personally manage.
Questions to ask your Professional:
- Help me understand how these fees and costs might affect my investments. If I give you $1,000,000 to invest, how much will go to fees and costs, and how much will be invested for me?
Conflicts of Interest:
When we act as your investment adviser, we are required to act in your best interest and not put our own interest ahead of your interests. At the same time, the way Cerity Partners is compensated creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means:
Cerity Partners’ affiliate, Sage Advisors (“Sage”) manages proprietary and unaffiliated private investment funds and creates a conflict of interest if we recommend Sage over other unaffiliated funds invested in a similar fashion.
The more assets in a client’s account(s) will result in more fees, so Cerity Partners may have an incentive to recommend the client increase the assets in their accounts.
Performance-based fee arrangements create a conflict of interest and an incentive to recommend certain investments over an investment with a different fee arrangement.
Cerity Partners may accept sponsorship of client and prospect events from certain third-party managers creating a conflict of interest if we recommend certain managers from whom we accept sponsorships over others that do not provide sponsorships. For further information on Sage, performance-based fees, sponsorships and our conflicts of interest, please refer to Item 10, Item 6, Item 12 of Cerity Partners ADV Part 2A Disclosure Brochure or at https://adviserinfo.sec.gov/firm/summary/151559
Questions to ask your Professional:
- How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money?
Certified licenses
Education
University of California, Los Angeles
B.S. - Economics
Experience
November 3, 2021 - Present
CERITY PARTNERS LLC
Office #1: 345 California Street Suite 1100, San Francisco, CA 94104September 5, 2018 - November 1, 2021
B|O|S
June 1, 2017 - January 11, 2018
EP WEALTH ADVISORS
February 18, 2011 - July 1, 2017
PRIVATE CAPITAL MANAGEMENT ASSOCIATES LLC
October 9, 2008 - February 13, 2009
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
October 9, 2008 - February 13, 2009
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
January 31, 2008 - April 24, 2008
GOLDMAN SACHS & CO. LLC
January 12, 2007 - February 1, 2008
UBS FINANCIAL SERVICES INC.
November 29, 2006 - February 1, 2008
UBS FINANCIAL SERVICES INC.
September 2, 2005 - November 28, 2006
PRIVATE CAPITAL MANAGEMENT ASSOCIATES LLC
July 11, 2001 - April 11, 2003
WELLS FARGO INVESTMENTS, LLC
September 14, 2000 - July 11, 2001
WELLS FARGO SECURITIES, LLC
April 26, 2000 - June 8, 2000
EMMETT A LARKIN COMPANY, INC.
Primary Firm SEC Registration
CERITY PARTNERS LLC
CRD#: 151559 / SEC#: 801-70719
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
Highlighted states indicate IAR registrations
(11/3/2021)
Exams
Current Firm
CERITY PARTNERS LLC
CRD#: 151559 / SEC#: 801-70719
Contact information
SEC notice filing (53 States and Territories)
Documents
Regulatory assets under management
| Total Number of Accounts | 19,810 |
| AUM (Assets Under Management) | $ 122,848,693,051 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/23/2025 | ||
| 07/24/2024 | ||
| 09/28/2023 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
