Company Profile

CONSULTANT

Scott and his brother Richard founded RS Wait, Chtd. originally as a tax focused practice that has evolved to assist clients with not only tax planning matters, Scott and his brother also consult clients on business financial planning, business exit planning and assistance in evidence-based wealth management in coordination with optimal tax planning for clients who as family stewards wish to plan optimal paths to transfer their wealth to the next generation, assist clients who seek financial independence in a tax-efficient way as well as clients who request financial advice to help them protect their wealth for retirement. Their mission is to give clients the tools and guidance to make wise tax and financial planning decisions and adopt strategies which include minimizing taxes annually and over their lifetime.

Scott began his career in the firm RS Wait, Chtd. CPA firm. His tax and accounting knowledge and experience continue to benefit his clients who need much more customized tax and financial advice. Scott is passionate in his dedication to his clients and has been successful in helping his clients make smart decisions with their wealth and for their family’s benefit.

Scott continues to add to his existing skills through ongoing professional education and regular engagements as a speaker on a wide range of topics including estate planning, income tax planning, and planning for financial security in retirement. Below is a partial list of Scott’s educational accomplishments, professional credentials and memberships:

• Certified Public Accountant in the State of Nevada. Scott has accomplished the standards set by the board of accounting and regularly updates his knowledge with continuing education that benefits his client’s wealth and preservation of wealth.
• Accredited Estate Planner through the National Association of Estate Planners (NAEP). Member since 2014, Scott is dedicated to assisting clients with their estate plans and to achieve their goals, transfer wealth to the next generation, protect clients from financial predators, and assists clients with significant charitable gifts.
• Estate Planning Council of Northern Nevada, Past- President
• Truckee Meadows Toastmaster chapter - Treasurer
• B.A. from University of Arizona with a double major in Finance and Accounting.

In his personal time, Scott enjoys the outdoors including fly fishing, hiking, and following the Steeldrivers, his favorite Bluegrass band.

CONSULTANT

Richard Wait (Rich) is passionate about giving the best financial advice to his clients and contributing positively to his community. Rich focuses on assisting business owners and individuals with improving their financial positions with their estate plans, tax plans, investment plans, investment portfolios and the inter-relationship with each of these areas.

Richard founded RS Wait, Chtd. In 1990. RS Wait, Chtd provides tax compliance and tax planning services for estate tax and income tax matters.
In 2016, Richard, along with his brother Scott, founded RSW Wealth Management to supplement their services to clients. Wealth management became a natural next service for clients who transitioned from business ownership to retirement.

Below is a partial list of Richard’s professional accomplishments, professional credentials and memberships:

• Certified Public Accountant in the State of Nevada. Richard has accomplished the standards set by the board of accounting and regularly updates his knowledge with continuing education that benefits his client’s wealth and preservation of wealth.

Richard is dedicated to assisting clients with their estate plans achieving their goals, transfer wealth to the next generation, protect clients from financial predators, and assists clients with significant charitable gifts.

• Estate Planning Council of Northern Nevada, 2001-2005, Past- President
• B.A. from University of Arizona with a double major in Finance and Accounting.

When Rich is not working with clients, he serves on the board of directors with local nonprofit organizations such as Sierra Nevada Community Aquatics, Sierra Nevada Water Polo and Sierra Nevada Masters Swimming and Water Polo. Other personal interests include fly fishing, fly-rod building, hunting, camping, hiking and swimming for fitness.

CONSULTANT

John Pettibone is passionate about assisting businesses with strategic planning and improvement of financial performance. He is an experienced professional with more than 39 years as a CPA.

John began his professional career with Price Waterhouse (now PricewaterhouseCoopers), then transitioned to become a Partner in S.F. Bay Area regional CPA firms. After working in the audit practice, as required for certification (California), he focused primarily on all aspects of tax consulting for a variety of clients. John also gained significant experience in litigation support and business appraisal. He assisted clients in the negotiation of the purchase or sale of their businesses. In 1998 he was among a select few hundred CPA’s nationally to obtain the new designation Accredited in Business Valuation by the American Institute of Certified Public Accountants.

After 22 years in public accounting John transferred to the Chief Financial Officer position of a manufacturing client in Sparks, Nevada, and John led the improvement of financial operations there for 18 years. He has been involved in managing start-up manufacturing operations in Singapore as well as relationships with international distributors in the Asia/Pacific region. He initiated strategic planning, succession planning, risk mitigation, performance measure, budgeting, GAAP accounting, and other financial analysis processes during his tenure. Performing due diligence, financial assessment and negotiations regarding several strategic business opportunities in Australia, Brazil, France, and the U.S. were among a long list of fun business activities.

John has served as the CFO/Treasurer of several start-up businesses (water safety, IoT, SaaS, etc.) and nonprofit organizations. He serves on the board of directors of several nonprofit organizations. John is an avid reader (listener to audio books) and active fitness swimmer. Yoga is John’s latest activity and playing guitar may be next.