Scott Hume: $135K Complaint Against Salish Wealth Advisor

A recent investor complaint against Bellingham, Washington financial advisor Scott Hume (CRD# 2894512) alleges that his advice resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Moloney Securities, doing business as Salish Wealth Management.

Mr. Hume’s BrokerCheck report discloses one investor complaint. Filed in January 2024, it alleges that as a representative of Moloney Securities, he recommended an unsuitable corporate bond investment and acted negligently. The pending complaint alleges damages of $135,000.

Salish Wealth Management’s website includes a profile of Mr. Hume that describes him as the firm’s founder. “Today, he works with affluent individuals, families and local businesses to help them plan and execute their financial goals, providing comprehensive financial planning and cross border investment management,” the profile states. “Scott sits on the Board of Directors for Moloney Securities and has served on various other local councils, boards and commissions.”

Elsewhere, the firm’s website explains that its services include investment management, retirement strategies, tax strategies, estate conservation, and more. “We believe everyone needs a financial plan to guide them and keep them on track toward their goals,” it states. “Through our financial planning services, we help clients establish their goals in life and develop a roadmap they can use as a guide.”

According to the Financial Industry Regulatory Authority, Scott Hume holds 26 years of securities industry experience. Based in Bellingham, Washington, he has been a broker and an investment advisor with Moloney Securities since 2016. His past registrations include RBC Capital Markets (Bellingham, Washington; 2007-2016), AG Edwards & Sons (Bellingham, Washington; 1998-2007), and IDS Life Insurance Company (Minneapolis, Minnesota; 1997-1998). His credentials include the passage of eight securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 23 state licenses. (Information current as of February 25, 2024.)

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