Scott A. Bell, Founder
There’s no free lunch…
By the time I was fourteen I knew enough to say there is nothing free about timeshare weekend presentations. My family wasn’t rich, but they were attracted to get-rich-schemes — and rarely read the fine print. When I wasn’t spending my free time waiting in the family car on our “free” vacations, I listened to every “this time is different” opportunity bubbling just beneath the surface of precious metals, half-baked ideas, and multi-level marketing seminars.
I’d also seen and held my share of slick sales brochures at the kitchen table, too. “This is a great fund… our latest Capital (not) Growth Fund.” Because who doesn’t want to be rich?
I ended up working for a big Wall Street bank because I wanted to avoid those mistakes, and going to the source seemed like the right place to start. Through that experience, I learned to ask the right questions and I also learned: good advice is precious, and Wall Street is (still) broken.
There’s no substitute for experience.
Good people inside the big brokerage firms are still incentivized to do bad things every day. This is what banks have become — bloated showrooms for tired, selfish, hidden fee, read-the-fine-print, overly complicated ideas. That is not what I wanted; I’d seen that show before. The ending is a total letdown.
An idea is born.
Gross Domestic Product (GDP) is the sum total of all goods and services produced by a country. But what goes into that total? Millions of good and bad decisions, countless hours, and sometimes luck, too.
I started to connect GDP to the notion that we, too, are the sum total of our decisions and efforts. That our GDP is connected to our circumstances and what we do with them.
Whether we decide to be open or closed, to share or not, to invest in ourselves or not is why some people can do more with less. And others do less with more. This is a powerful lens for each of us when we consider our output — our GDP. This is where real advice should live, in your sum total.
Deciding people deserve more.
I left Wall Street because I got tired of apologizing for policies that were not in our clients’ best interests. I knew we could do something better. On July 28, 2008, with a handful of friends and family, I founded Gross Domestic Product, Inc.
I created our company to be better; to be a company that does the right thing and produces positive change in people’s lives. As a result, we are your fiduciary, always. Instead of selling complexity, we keep things as simple as possible and no simpler. We offer advice that focuses on more than your dollars and cents.
What Gross Domestic Product, Inc. represents is a place where like-minded professionals share our talents, ideas, and passions in a compelling way; focusing on the things that matter and the things you can control.