Scott Grooms
Scott Grooms is a CFP-designated registered investment advisor at Cwm, LLC, based in Heber, UT, with 35 years of industry experience. Scott operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Charitable Giving, Education Planning, Estate Planning, Financial Planning & Coaching, and 2 more. Their firm serves 52,669 clients with $51B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
CWM, LLC charges an annual fee based on a percentage of the value of your investments. This fee can be up to 2.50% annually. The exact fee is negotiable and depends on factors like the size of your account, the types of assets, and the complexity of your situation. Different investment advisor representatives may charge different fees for the same services. CWM retains a portion of the fee for administrative and support services. Fees are typically deducted from your account quarterly.
Location
832 N. Burro Peak Circle, Heber, UT, 84032
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
November 2003Other 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
Cwm, LLC
Cetera Wealth Services, LLCBroker
Cetera Wealth Services, LLC
Previous Registrations
Cetera Investment Advisers LLC
Cetera Advisor Networks LLC
LPL Financial LLC
Strategic Wealth Advisors Group
Strategic Wealth Advisors Group
LPL Financial LLCBroker
LPL Financial LLC
Banc of America Investment Services, INC.
Banc of America Investment Services, INC.Broker
Citigroup Global Markets INC.
Citigroup Global Markets INC.Broker
Dean Witter Reynolds INC.Broker
Charles Schwab & CO., INC.Broker
State Registrations28 states
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.