Padric H.B. Scott, CFP®, ChFC®, CLU®, WMCP®
Chief Executive Officer


CrossRoad Wealth Management Group

Your Future is Now


CrossRoad Wealth Management Group

CrossRoad Wealth Management Group is a precision wealth practice founded by Padric Scott in 2021 that serves as an umbrella organization for his consulting engagements. The “Group” is virtual and draws upon a national network of the highest caliber professionals who are brought together to meet specific client situations.

Business Purpose

Our practice specializes in simplifying the complexities of high level wealth management. The heart of our business is providing and implementing goal based planning advice centered around our client's values and visions. We assist clients with investment management to meet lifetime accumulation and income needs. Expertise in areas of retirement, estate, life, disability, and long term care planning allows us to provide superior investment advice.

Get to Know You

Before we offer advice, we will have an initial meeting to review your current financial situation and your investment portfolio and discuss your goals and objectives. This process includes quantifying your risk tolerance to determine your financial profile.

Analyze your Needs 

We will prepare a capital needs analysis using institutionally based capital market assumptions to illustrate your ability to achieve capital accumulation and income objectives.

Identify Solutions 

When your desired asset accumulation or income needs analysis is prepared, we will present an investment proposal. The investment proposal will include your recommended asset allocation based on your individual risk tolerance as well as your goals and objectives.

Keep in Touch

We will update your plan and investor profile and review your investment portfolio with you each year. Your advisory investment accounts will be rebalanced when needed. During your account's fiscal year, if asset classes vary from their optimum portfolio allocation, your account will be rebalanced. This process ensures that emotion is removed while selling asset classes when they are high and buying asset classes that are low. During unsettled economic periods, my associates and I aid clients in maintaining a long range perspective on their investment and planning needs.

 
Team
 
LEFT-TO-RIGHT: KALEI LOVASCO, ASHLEY REYNOLDS, PADRIC SCOTT, ALEX COYNE, VALERIA CARDENAS

The Northwestern Mutual Difference

We make plans for people, not just money. So no matter your goals, we have access to top rated products and services to help you meet each one.

  • Best Life Insurance Company ranked by NerdWallet, 2019 to 20201
  • AAA, Aaa, and AA+ the highest financial strength ratings of any life insurer from all four major rating agencies2
  • Top 10 U.S. Independent Investment Broker-Dealers3
1©2017-2020 and TM, NerdWallet, Inc. All Rights Reserved.

2Northwestern Mutual continues to have the highest financial strength ratings awarded to any U.S. life insurer by all four of the major rating agencies: A.M. Best Company, A++ (highest), April 2020; Fitch Ratings, AAA (highest), August 2020; Moody’s Investors Service, Aaa (highest), December 2020; S&P Global Ratings, AA+ (second highest), June 2020. Third-party ratings are subject to change. Ratings are for The Northwestern Mutual Life Insurance Company and Northwestern Long Term Care Insurance Company.

3Measured by 2020 total revenues. Ranking for Northwestern Mutual Investment Services, LLC. Sources: Financial Advisor magazine and Investment News, April 2021.

How to Save for a Down Payment on a House

There are some general rules to figure out how much house you can afford and how big a down payment you may need. 

What Is an RMD?

When you turn 72, the IRS requires you to start taking required minimum distributions from your tax-deferred retirement accounts.

Is It Better to Have a Will or a Trust?

They can both serve an important part in an estate plan. We break down the differences.

 

To learn more about Northwestern Mutual Investment Services, LLC and its financial representatives, visit: FINRA BrokerCheck

Visit our Client Relationship Summaries (Form CRS) which provide brief information about our firms that provide brokerage services and advisory services.