Scott Bishop

CPA, PFS, CFP®
Retirement, Investing, Small Business
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“With over two decades of experience in the financial industry, Scott Bishop believes that success isn’t measured only by figures and charts, but through his client's peace of mind and reaching their goals by Planning for Retirement the R.I.T.E. Way®.”
Firm:

STA Wealth Management, LLC

Job Title:

Partner and Executive VP of Financial Planning

Biography:

Scott Bishop is a Partner and is Exec. Vice President of Financial Planning at STA Wealth, a Houston based RIA Firm. In this role, Scott guides clients through the process of identifying and realizing their personal financial planning goals while working with them to help develop, implement and monitor strategies to help assure the long-term coordination of their overall financial, retirement, business planning.

Scott is also the host of STA's radio show, "Financial Planning Fridays" on The STA Money Hour, on 950AM KPRC Radio in Houston at 12pm Central where he frequently discusses tax and financial planning topics and hosts interviews of industry experts.

Scott graduated from the University of Texas at Austin with a Bachelor of Business Administration in Accounting and received his Master of Business Administration from the University of St. Thomas.

Currently, Scott is a CFP® and a CPA and also holds a PFS® designation. Scott has been active as a member of the American Institute of Certified Public Accountants (AICPA), the Texas Society of Certified Public Accountants (TSCPA) and its Houston CPA Society as a member of its Board of Directors. He has also been recognized for excellence by being named the Young CPA of the Year for 2002-2003 by the Houston CPA Society, one of the largest and most prominent CPA chapters in the United States.

In addition, Scott has both authored and has been interviewed for numerous articles in financial related publications and websites such as the Wall Street Journal, MarketWatch, CNBC, USA Today, Washington Post, The New York Times, Investopedia, Houston Chronicle, Investment News, Kiplinger, The AICPA Tax Section, BankRate.com, the Houston Business Journal and the CPA Forum. Scott is also a member of the Houston Business and Estate Planning Council.

Education:

BBA - Accounting, University of Texas at Austin
MBA - Finance, University of St. Thomas

Assets Under Management:

$760 million

CRD Number:

2687188

Disclaimer:

AUM information provide is for the firm STA Wealth Management, LLC of which Scott Bishop is a partner/shareholder. Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by STA Wealth Management, LLC (“STA”), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from STA.  To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing.  STA is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice.  A copy of the STA’s current written disclosure Brochure discussing our advisory services and fees is available upon request.

IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.

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  • STA Wealth Planning Process - Scott Bishop
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February 2018
    IRAs, Retirement Savings, Retirement Plans
July 2017
    Small Business
September 2017
    Choosing an Advisor, Investing
June 2017
    Retirement Savings, Retirement, Financial Planning
July 2017
    Financial Planning, Lifestage Based Planning, Personal Finance

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    Stocks
Can you buy shares in the Dow Jones Industrial Average (DJIA)?
100% of people found this answer helpful

The Dow Jones Industrial Average (DJIA) is the oldest and most widely followed U.S. stock market index. Unlike the S&P 500 that follows the “top” 500 stocks as chosen by the Standard & Pools Compnay (a broader index), the DJIA tacks 30 stocks as chosen by the Dow Jones Company.  A stock index tracks the price changes of a selected group of stock, and, although you cannot buy directly into the index, there are investment products available that closely match the performance of the DJIA.  Here are factors to consider and ways to invest that will track the progress DJIA.

How are the Dow 30 Stocks Chosen?


The DJIA tracks the share price values and change of 30 companies selected to represent the major companies and sectors of the U.S. economy. You will recognize most, if not all, of the 30 Dow Jones Industrial companies. The index components include IBM, McDonald's, The Walt Disney Company, Exxon-Mobil, Coca Cola, Walmart, Bank of America and American Express. The stocks in the index are changed to best match the fortunes of the U.S. economy and overall stock market. For example, in 2009, General Motors was replaced by Cisco Systems after the auto manufacturer declared bankruptcy.

Buy Stock Shares


One way to invest in the DJIA is to buy shares of each of the 30 stocks in the index. The index is share price weighted, so buying an equal number of shares of each stock would produce investment results similar to the DJIA index. At the time of publication, buying one share each of the 30 Dow Jones stocks would cost about $2,000. This might not be an efficient way to buy the index unless you could purchase a number of shares of each stock, since your stockbroker would charge a separate commission for each purchase.

Exchange-traded Fund


An exchange-traded fund is designed to track the results of a specific index. One ETF, the SPDR Dow Jones Industrial Average ETF (stock symbol DIA), directly tracks the DJIA. This ETF hold shares of the DJIA stocks in the same proportion as tracked by the Industrials stock index. Shares of DIA can be bought through any stock brokerage account and would be the most efficient way to invest in the DJIA. The SPDR DJIA ETF was formerly called the DIAMONDS Trust, Series 1.  There are also index mutual funds that can be purchased to track the DJIA.

August 2017
    Insurance
What is a convertible insurance policy?
100% of people found this answer helpful
June 2017
    IRAs
How does a Roth IRA grow over time?
89% of people found this answer helpful
June 2017
    Debt, Insurance
How can I borrow money from my life insurance policy?
88% of people found this answer helpful
June 2017
    Investing, Mutual Funds
What is the average annual return for the S&P 500?
83% of people found this answer helpful
June 2017