Creating Client Value Through
Fee-Only Insurance Advice

Meet Scott J. Witt, FSA, MAAA

Scott Witt

Scott Witt believes there are few places consumers can turn to for unbiased advice in today's commission-dominated life insurance industry. With that conviction, Scott left the security of an advancing career at Northwestern Mutual in 2004 to work for one of the country's first fee-only insurance advisory firms. Early in 2007, he founded Witt Actuarial Services.

As a fee-only insurance advisor, Scott receives no commissions or incentives. He receives no form of compensation other than the hourly fees paid by his clients. As an actuary, he is an objective insurance expert and serves in a true fiduciary capacity for his clients, providing independent, unbiased advice, while also typically saving his clients a large multiple of their advisory fees.

Scott is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and is a Financial Services Affiliate member of the National Association of Personal Financial Advisors, the leading membership organization for fee-only financial advisors.

He is a frequent speaker and serves as an expert witness in insurance litigation. Before founding Witt Actuarial Services, Scott was a fee-only insurance and actuarial advisor for the nationally recognized firm of Katt & Company. He started his career at Northwestern Mutual in Milwaukee, Wisconsin, where he worked in various actuarial roles for more than ten years. Areas of expertise and responsibility included life insurance pricing, risk management, valuation, mortality studies, and marketing.

Scott was born and raised in Montana and attended Montana Tech, graduating with a dual major in Mathematics and Computer Science in 1993. He attended graduate school at Oregon State University, obtaining a Master's degree in Statistics in 1994.

Scott is an avid sports fan and participant. He earned a college basketball scholarship and still holds the all-time career scoring record at his alma mater. Currently, he is the girls' varsity basketball coach at one of the premier programs in Wisconsin and runs a non-profit organization devoted to youth basketball. Scott and his wife Christi reside with their children, Tanner and Kendall, in New Berlin, Wisconsin.

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