The CEFA Team

George Cole Scott, III
Senior Portfolio Manager

George Scott is President and Senior Portfolio Manager of Closed-End Fund Advisors, a global investment firm which concentrates its investments in closed-end funds. He has been president since 1996 and is a graduate of the University of Washington.

George has been in the investment management business since 1969 and has specialized in using closed-end funds for clients since the mid-1980's. They became his specialty after joining the Board of Directors of the award-winning closed-end fund, Bergstrom Capital. Because of his expertise, he has also advised several funds as a consultant, both domestically and abroad.

He is the former editor of The Scott Letter: Closed-End Fund Report. Since May 2001, George has been Editor-In-Chief of The Scott Letter Online.

In 1991, he co-authored the 500-page book Investing In Closed-End Funds: Finding Value and Building Wealth. The book may be available at, and many public and university libraries.

George was on the closed-end fund committee of the Investment Company Institute, the trade association for the open-end and closed-end fund industry. He has been a long-standing member of the Richmond Society of Financial Analysts (now CFA Virginia) and is widely quoted in such publications as The Wall Street Journal, Business Week, Financial Times, Kiplinger Letters, Mutual Fund Magazine, and Money as well as many metropolitan newspapers. He has published articles on closed-end funds in both Barron's and Pensions & Investments. George has also been interviewed by various televised investment programs and presented at numerous investment conferences.

As a value investor, George sees closed-end funds as the best way to take advantage of inefficiencies in the global stock market.

John Cole Scott, CFS
Portfolio Manager
Executive Vice President
Chief Compliance Officer

John is in charge of business development, operations and compliance for Closed-End Fund Advisors. He joined the firm in January 2001 and serves on the firm's Investment Committee. John holds the FINRA 66 Security Licenses. In 2002, John earned the designation of Certified Fund Specialist (CFS).

He has been quoted in the "Money" section of USA Today and The Richmond Times Dispatch and published in Senior Consultant. He has presented at conferences in Atlanta, GA; Charlotte, NC; Boca Raton, FL; Richmond, VA and Washington DC including several keynote addresses. In 2008, John founded CEFA's Closed-End Fund Universe, a comprehensive weekly data service covering the closed-end fund industry.

John is a member of The Richmond Association for Business Economics (RABE) and serves on the Investment Committee for The New York State Society of The Cincinnati and on The Virginia Museum of Fine Artsí Business Council. He is a past member of Rotary International and Business Networking International (BNI) where he served as an Assistant Director. He was awarded the "Character Counts" Award from the Capital Area and YMCA in 1999 and "Master of Networking" from Business Networking International in 2003 and 2004.

John has been a board member of the Richmond W&M Alumni Chapter since 2001 and has also served as its past co-president. The Chapter has received recognition as "Outstanding Chapter" for 2003, 2004 and 2005 as well as Premier Chapter for 2006. In 2007, he organized The W&M Alumni Club, ď96/06Ē which plans a hospitality tent at W&Mís Homecoming each year. John graduated from The College of William & Mary with a B.S. in Psychology in 2000.

Joyce A. Fields
Executive Assistant
Office Manager

Joyce Fields joined Closed-End Fund Advisors in July of 1997, with 30 years of financial experience in the Richmond office of Manulife Financial. She has extensive managerial experience, having worked at senior levels in the development of new business, brokerage and customer service departments. Joyce is responsible for setting-up new client accounts and maintaining client files. In addition, she handles all company bookkeeping, broker statement reconciliation and performance.

Corporate Affiliations

The following companies aid and assist with the operations of our firm:
Accounting Services:  Snellings & Associates

Legal Counsel:  Hirschler, Fleischer

Business Banking:  First Community Bank

Web and E-Mail Hosting:  Verio

Creative Director/Graphic Design:  93 Octane

Web Site Marketing & Development:  Madison+Main

Promotional Marketing:  Adeast Specialties

Printing Service:  Alpha Graphics Downtown

PBX Phone Hosting:  Virtual PBX

Webmaster and Business Consultant:  Software Methods, Inc. t/a Langs
Mamie McNeal

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