Matthew Groome
Matthew Groome is a CFP-designated registered investment advisor at Colton Groome Financial Advisors, LLC, based in Asheville, NC, with 16 years of industry experience. Matthew 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.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Matthew is a registered representative with Valmark Securities, dedicating about 10-20% of his time, and a financial advisor with Colton Groome Financial Advisors, Inc., dedicating nearly full-time hours. He also has ownership or management roles in several other businesses, including fixed life insurance sales through Colton Groome Insurance Advisors, Inc.
Employment History
Current Registrations
Colton Groome Financial Advisors, LLC
Previous Registrations
Valmark Advisers, INC.
Valmark Securities, INC.Broker
State Registrations1 state
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