Michael Scarborough, President and CEO
J. Michael Scarborough, President and CEO of Retirement Management Systems (RMS), is known for innovating the industry of managing monies for individuals in qualified plans, and over the course of thirty years having built one of the largest grossing Registered Investment Advisory (RIA) firms in the Nation.
In 2008 Mike separated his RIA, Scarborough Capital Management (SCM) from the asset management function of the company. While Mike sold SCM with $1.3 billion in assets under management, he continues to operate RMS as a leading professional in the 401(k) industry.
Mike has appeared on virtually every television network and has been featured in print media and national publications, including Kiplinger’s Personal Finance Magazine, Money Magazine, Pensions & Investments, USA Today, and The Wall Street Journal. Mike has written two books available on Amazon.com – The Scarborough Plan: Maximizing the Power of Your 401(k) and 401(k)nowledge: Practical Advice for Retiring on your Own Terms, which offer insights into company sponsored savings plans. His books provide easy to understand recommendations on strategies to improve the performance of hard-earned savings.
Mike is active on the Board of Trustees at Salisbury University Foundation where he created an endowment establishing the Scarborough Student Leadership Center. He earned a Bachelor of Science in Finance at Salisbury University and his MBA in Finance from Baldwin-Wallace College. In 2005, he was awarded an Honorary Doctorate for Public Service from Salisbury University. In 2011, Mike was inducted into the Salisbury University Hall of Fame for wrestling and football.
Over the years when Mike was not sharing his expertise in Finance with others, he could be found back at his farm working the land and creating a winery now known as Running Hare Vineyard. Recently Mike began a brewery, Calvert Brewing Company, the largest microbrewery to startup in the Nation in the last five years.
Today Mike spends his time on his farm tending to his Vineyard, at the Brewery, or traveling to speak at RIA’s around the United States helping other Financial Advisors to gain their successes by leveraging RMS.