Grove Wealth Management, LLC

RIAState Registered

Total AUM

$14.1M

Discretionary

$12.8M

91% of AUM

Avg account

$391K

Accounts

36

Employees

1

Advisory reps

1

Firm details

Headquarters: Miami, Florida
CRD number: 281917
Website: grovewm.com
Custodians: INTERACTIVE BROKERS LLC
Fee structure: Percentage of AUM, Hourly Charges, Performance Based Fees, Other
Client types: HNWI63.9%
Individuals29.94%
Corporations / Businesses6.16%
Services: Portfolio Management for Individuals

Firm profile

FINTRX

Overview

Grove Wealth Management, LLC is a Florida-based, independent registered investment adviser organized as an LLC and owned by an individual. The firm provides portfolio management for individuals, families and small business clients and also works with some institutional clients. Its fee arrangements include a percentage-of-AUM schedule alongside hourly charges and performance-based fees. Grove does not identify as an active ESG investor and is not structured as a multi-state adviser.

Assets & Accounts

Public Holdings

Investments & Alternatives

Read the full firm profile in FINTRX →

Investment profile

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

CRM & tech providers

TAMPs used

Clients

Client base

Client personas

Asset composition

US Government Bonds39%
Public Funds/Mutual Funds24%
Cash & Cash Equivalents24%
Exchange Traded Equities12%
Investment Grade Corp Bonds1%

Contacts

1 of 1

Edgar Nava
Partner, PresidentCRD 6573817

Wealth teams

Newly hired reps

Recent M&A activity

Recent filings

Awards

ETF holdings

1 of 194

Active vs passive

$669M in ETFs

Passive

94%

$630M

Active

6%

$39.5M

ETF	Provider	Style	Category	Value	Shares	% of portfolio
VANGUARD S&P 500 ETF (VOO)	Vanguard	Passive	Large Blend	$93.9M	134,037	14.03%

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Primary office

Miami, FL

Miami Dade

Location

Miami, FL

Headquartered in Miami, FL, anchoring the Miami-Port St. Lucie-Fort Lauderdale, FL metro in the South.

Metro area: Miami-Port St. Lucie-Fort Lauderdale, FL
Region: South
County: Miami Dade
Address: 175 Sw 7th St
Time zone: ET (UTC-5)
Office locations

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