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David Nelson

Colton Groome Financial Advisors, LLC
26 Years of Experience
Asheville, NC
1 Disclosure
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David Nelson is a registered investment advisor at Colton Groome Financial Advisors, LLC, based in Asheville, NC, with 26 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Charitable Giving, Education Planning, Estate Planning, and 8 more. Their firm serves 362 clients with $720M in assets under management.

Colton Groome Financial Advisors, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
10 advisors
Number of Clients
362 clients
Average Client Portfolio
$2.0M average
Assets Under Management
$724.9M

Fee Structure

Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $1.0M0.99%
$1.0M - $2.5M0.87%
$2.5M - $5.0M0.76%
$5.0M - $7.5M0.56%
$7.5M - $10.0M0.46%
$10M+0.31%

Fees are individually negotiated. Cash management accounts may be billed at a flat annual fee of 0.50% or lower tiered rates. Third-party manager fees are added separately when applicable.

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

Location

1127-B Hendersonville Road, Asheville, NC, 28803

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History

Regulatory History (1)
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Customer Dispute
October 2011
Settled
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David is a trustee for Big Oak Springs Ownership Association, focusing on road management since 2012, and a W2 employee as a Retirement Plan Advisor at Colton Groome Financial Advisors since 2018, dedicating about a quarter of his time. He also serves on the Board of Directors of Blue Ridge Bernese Mountain Dog Club.

Employment History
Current Registrations
Colton Groome Financial Advisors, LLC
January 2018 - Present · 8 yrs 9 mos
Previous Registrations
Valmark Advisers, INC.
March 2015 - December 2017 · 2 yrs 9 mos
Valmark Securities, INC.Broker
February 2015 - December 2025 · 10 yrs 10 mos
Ameritas Investment CORP
April 2009 - January 2015 · 5 yrs 9 mos
Ameritas Investment CORP.Broker
May 2008 - January 2015 · 6 yrs 8 mos
Chase Investment Services CORP.
June 2006 - October 2007 · 1 yr 4 mos
Chase Investment Services CORP.Broker
February 2006 - October 2007 · 1 yr 8 mos
Fidelity Brokerage Services LLCBroker
December 2000 - March 2006 · 5 yrs 3 mos
Dean Witter Reynolds INC.Broker
October 1999 - January 2001 · 1 yr 3 mos
State Registrations1 state
NC
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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