Grove Wealth Management offers investment advice and portfolio management services, both discretionary and non-discretionary, tailored to individual client needs. They primarily use equity securities, corporate bonds, and exchange-traded funds. They also offer general consulting services covering retirement, tax, and investment planning. Grove Wealth monitors portfolios continuously and rebalances as needed.
Fee Structure
Grove Wealth Management charges a percentage of your portfolio's value annually for investment management.
For Core Portfolios:
- $0 to $150,000: 1.50%
- $150,001 to $500,000: 1.35%
- $500,001 to $1,000,000: 1.20%
- Over $1,000,000: 0.90%
For Alternative Portfolios (Non-Qualified Clients):
- $0 to $500,000: 2.50%
- $500,001 to $1,000,000: 2.30%
- Over $1,000,000: 2.10%
For Alternative Portfolios (Qualified Clients):
- $0 to $250,000: 1.20%
- $250,001 to $500,000: 1.15%
- $500,001 to $1,000,000: 1.00%
- Over $1,000,000: 0.80%
Qualified clients also pay a performance-based "success fee" of up to 30% of annual gross profits. All accounts are subject to a $250 annual maintenance fee. Fees are negotiable.