Scott Grove
Scott Grove is a registered investment advisor at MML Investors Services, LLC, based in Lehi, UT, with 29 years of industry experience. Scott operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Retirement Planning. Their firm serves 392,809 clients with $90B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
MML Investors Services manages investment menus for retirement plans and offers a managed account service for participants.
For the overall plan, MMLIS selects and monitors investment options. For participants using the managed account service, fees are charged quarterly, up to a maximum of 0.60% per year of the account value. MMLIS receives 0.10% of this fee, with the remainder going to Morningstar and the recordkeeper. The exact fees vary by recordkeeper and whether the service is a Qualified Default Investment Alternative.
Location
2901 West Blue Grass Blvd, Suite 320, Lehi, UT, 84048
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Regulatory History (1)
Customer Dispute
March 2025Other Business ActivitiesSells Insurance
Scott is an insurance agent since 2007, dedicating minimal time to this activity. He also owns a consulting business since 2023, focused on reviewing life insurance policies and negotiating lending terms, which takes about 10-20% of his time.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
MML Investors Services, LLC
Locust Street Securities, INC.Broker
State Registrations53 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.