Colton Groome Financial Advisors (CGFA) offers investment advisory and financial planning services. CGFA works with clients to create a financial outline and investment plan based on their goals and risk tolerance. CGFA manages investment portfolios on a discretionary or non-discretionary basis and may recommend third-party investment managers. CGFA also provides financial planning services covering areas like retirement, education, and estate planning. CGFA also offers retirement plan consulting services to employers.
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.