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CFP

Scott Grooms

Mercer Global Advisors INC.
36 Years of Experience
Heber City, UT
1 DisclosureSells Insurance
View SEC Summary
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Scott Grooms is a CFP-designated registered investment advisor at Mercer Global Advisors INC., based in Heber City, UT, with 36 years of industry experience. Scott operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Annuities, Business Owners, Charitable Giving, and 9 more. Their firm serves 36,172 clients with $84B in assets under management.

Mercer Global Advisors INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
753 advisors
Number of Clients
36,172 clients
Average Client Portfolio
$2.3M average
Assets Under Management
$84.4B

Fee Structure

Planning is included in investment management
Minimum Annual Fee:$1,200
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $1.0M1.10%
$1.0M - $2.0M1.00%
$2.0M - $5.0M0.90%
$5.0M - $10.0M0.75%
$10M+0.50%

Schedule reflects the Custom Wealth and Ascend Group standard tiers. Other service levels such as Wealth Path and Guided Investing have different fee schedules and minimums.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

Heber City, UT

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Employment Separation After Allegations
November 2003
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Scott is a Managing Partner and Senior Wealth Advisor at CWM (Carson Partners), an SEC-registered investment advisory firm, dedicating about a quarter of his time. He also sells fixed insurance products, including life, health, disability, annuities, and long-term care, spending a few hours per week on this activity.

Employment History
Current Registrations
Mercer Global Advisors INC.
June 2026 - Present · 5 mos
Previous Registrations
Cetera Investment Advisers LLC
June 2023 - January 2026 · 2 yrs 7 mos
Cwm, LLC
December 2020 - June 2026 · 5 yrs 6 mos
Cetera Advisor Networks LLC
December 2020 - June 2023 · 2 yrs 6 mos
Cetera Wealth Services, LLCBroker
December 2020 - June 2026 · 5 yrs 6 mos
LPL Financial LLC
October 2016 - March 2017 · 5 mos
Strategic Wealth Advisors Group
July 2016 - January 2021 · 4 yrs 6 mos
Strategic Wealth Advisors Group
March 2016 - July 2016 · 4 mos
LPL Financial LLCBroker
March 2004 - December 2020 · 16 yrs 9 mos
LPL Financial LLC
February 2004 - September 2016 · 12 yrs 7 mos
Banc of America Investment Services, INC.
September 2003 - December 2003 · 3 mos
Banc of America Investment Services, INC.Broker
September 2003 - December 2003 · 3 mos
Citigroup Global Markets INC.
March 1998 - September 2003 · 5 yrs 6 mos
Citigroup Global Markets INC.Broker
March 1998 - September 2003 · 5 yrs 6 mos
Dean Witter Reynolds INC.Broker
March 1993 - April 1998 · 5 yrs 1 mo
Charles Schwab & CO., INC.Broker
January 1990 - March 1993 · 3 yrs 2 mos
State Registrations3 states
CATXUT
Advisor

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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