Jay Reese is a CFA-designated registered investment advisor at Colton Groome Financial Advisors, LLC, based in Asheville, NC, with 19 years of industry experience. Jay operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 362 clients with $720M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Colton Groome Financial Advisors (CGFA) manages investment portfolios for a fee based on a percentage of the assets they manage. The specific fee is negotiated with each client, but the general range is:
- First $1,000,000 — 0.90% - 0.99%
- Next $1,500,000 ($1,000,001-$2,500,000) — 0.80% - 0.87%
- Next $2,500,000 ($2,500,001-$5,000,000) — 0.70% - 0.76%
- Next $2,500,000 ($5,000,001-$7,500,000) — 0.50% - 0.56%
- Next $2,500,000 ($7,500,001-$10,000,000) — 0.40% - 0.46%
- Above $10,000,000 — 0.25% - 0.31%
Some older accounts may have different fee schedules, ranging from 0.00% to 1% per year. There is no minimum account size, but some accounts may be subject to a minimum annual fee. CGFA may also use third-party managers, which will result in additional fees ranging from 0.12% to 0.50% per year.
Location
1127-B Hendersonville Road, Asheville, NC, 28803
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Learn about disclosures →Employment History
Current Registrations
Colton Groome Financial Advisors, LLC
Previous Registrations
Boys Arnold & CO. INC.
State Registrations1 state
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