Scherer Financial Advisory Services, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Scherer Financial Advisory Services provides portfolio management, limited financial planning, general consulting, and occasional educational workshops to individual and high‑net‑worth clients. The firm manages roughly $158 million across its client relationships and offers both discretionary and non‑discretionary account arrangements.
The firm develops individual Investment Profiles and applies a modern portfolio theory framework to set asset allocation, risk tolerance, and monitoring practices. Implementation options include long‑term trading, use of options strategies (including covered and uncovered positions), allocations to mutual funds, ETFs, REITs, annuities and IPO participation, as well as the selection of third‑party advisers when appropriate.
Scherer discloses several features that differentiate it from many peers: certain representatives are independently licensed insurance agents who may earn commissions on insurance products, the firm has an affiliation with an accounting practice through one of its principals, and it operates an IPO Access Program that sources offerings through Raymond James, its primary custodian. The brochure also notes that clients are generally required to use Raymond James for execution and that the firm may receive fee‑sharing from selected third‑party managers, disclosures the firm documents to address potential conflicts of interest.
Client services
Expertise
Fee options
Flat fees starting at $2,000 annually, negotiated based on complexity
$0 - $99,999: Up to 2.00% $0 - $999,999: Up to 1.50% $1,000,000 - $1,999,999: Up to 1.25% $2,000,000 - $3,999,999: Up to 1.00% $4,000,000+: Up to 0.80% Any 529 plan assets+: 0.25% annually
Insurance product commissions earned by licensees separate from advisory fees
Main office
16250 Knoll Trail Drive, Suite 207
Dallas TX 75248
Advisors at this office
3
Most active in
Louisiana · Massachusetts · Missouri · New Hampshire · Oklahoma · Texas · Virginia
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Howard M
Series 63
Dallas, TX
Scherer Financial Advisory Services, LLC
Howard Montfort Jr. is a financial advisor with Scherer Financial Advisory Services, LLC, holding a Series 63 designation and bringing 50 years of industry experience. His prior roles include lengthy tenures at Merrill and Raymond James Financial Services. He currently sells variable annuities as an additional business activity. Scherer Financial Advisory Services provides portfolio management, limited financial planning, and consulting to individual and high-net-worth clients, managing approximately $158 million. The firm uses a modern portfolio theory approach, offers both discretionary and non-discretionary account arrangements, and differentiates itself through an IPO Access Program and affiliations with insurance and accounting services.
Scott S
CFP®, Series 63
Dallas, TX
Scherer Financial Advisory Services, LLC
Scott Scherer is a CFP® with 31 years of industry experience and is the principal at Scherer Financial Advisory Services, LLC in Dallas, TX. His prior experience includes roles at Raymond James Financial and Scherer & Gabelmann, LLC. In addition to his advisory work, he operates an accounting practice where he provides tax preparation and consulting services. Scherer Financial Advisory Services offers portfolio management, limited financial planning, and consulting to individual and high-net-worth clients. The firm uses a modern portfolio theory framework and provides both discretionary and non-discretionary account options, with services that include an IPO Access Program and insurance product offerings through licensed representatives.
Ian O
CFP®, Series 63, Series 65
Dallas, TX
Scherer Financial Advisory Services, LLC
Ian O'Shea is a CERTIFIED FINANCIAL PLANNER™ professional with 11 years of experience in the financial services industry. He has worked at Columbia Management Investment Distributors Inc since 2015. He is also licensed as an insurance agent, involved in the sale of life insurance, fixed annuities, long-term disability, and long-term care products. Scherer Financial Advisory Services, LLC provides portfolio management, limited financial planning, and consulting services to individual and high-net-worth clients. The firm applies a modern portfolio theory framework and offers both discretionary and non-discretionary account arrangements, managing approximately $158 million in assets.
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