Investment Specialist Steve Schott and his wife, Dana Tomlinson Schott, have been transitioning to more ownership as Dana’s father, Owner/Manager Andy Tomlinson, gradually puts his outdoorsman and athletic endurance skills to work in retirement mode.
Andy Tomlinson founded Tomlinson Wealth Management upon leaving the position of Prescott city manager in 1987 and chose to stay in his cherished Prescott while pursuing a rewarding second career. Andy considered a few options, but decided to follow in his father’s investment management footsteps. The senior Tomlinson practiced in Phoenix at the time, and was an excellent resource and sounding board for his financially astute son.
Equipped with undergraduate and MPA degrees from Arizona State University in business finance and public administration respectively, Andy initiated his wealth management and financial consulting career more than 40 years ago by advising cities and towns how to invest capital reserves and retirement funds for public employees.
The Tomlinson/Switzer family connection with Arizona extends far beyond Andy and his father. Andy’s great-grandfather settled in Northern Arizona after the Civil War. An Arizona native, Andy raised his own family in Prescott. Dana and his grandchildren continue the Tomlinson family’s Prescott traditions.
Investment specialist and son-in-law Steve Schott joined Andy in his investment business in 2010. As with his father before him, Andy has lent his academic, financial and real-world business experience to Steve. For his part, Steve has brought expansive expertise in small business ownership, customer service, capital management and community involvement to the firm. He previously owned an office products company with four locations in Northern and Western Arizona, and had been part owner of Prescott Honda.
Practically a Prescott native, Steve attended local public schools and is a proud graduate of Prescott High School. He earned an undergraduate degree in finance from the University of Denver and an MBA with an emphasis in finance from the University of Arizona.
teve remains a passionate community volunteer, including current leadership as a board member for the Boys & Girls Clubs of Central Arizona. He also donates time and energy to mentoring a Boy Scout troop and presided as president of a local homeowners’ association.
With the transition, Steve will continue to provide the investment services, full brokerage services, tax reduction strategies, creative estate planning, life insurance and annuities, portfolio analysis and management, IRA rollovers and 529 college plans, for which the firm is known.
The Tomlinson team brings a total 90 years of expertise to the table in serving its clients, including the contributions of Office Manager Kay Baker, Registered Financial Assistant Sara O’Brien, Registered Financial Assistant Laura DeLaHuerta, Assistant Pattie Glau, Receptionist Amy Garbo, Andy, Steve and Dana.
“Our wealth management philosophy remains solid,” Steve said. “We advocate a well-diversified portfolio as the best protection against inflation and risks of interest rate fluctuation. Our strength is building customized portfolios that combine many different asset classes, provide the optimal strategy for managing tax efficiency, and have the best potential for protection against inflation and adverse market conditions. Each plan is individualized to the precise needs of the client, based on goals and risk tolerance.”
Tomlinson Wealth Management utilizes diverse sources of innovative and practical solutions through Broker-Dealer Geneos Wealth Management.
From one generation to the next, Tomlinson Wealth Management stands by its commitment to top-of-the line service and client education to create diversified portfolios positioned to weather economic storms. Still, the firm cautions, diversification created by any investment company does not ensure a profit or protect against loss in a changing market.
“We took care to build your retirement plan,” Steve advises clients. “Now, let it take care of you.” QCBN
By Sue Marceau