Business Details
22 Years
experience
Emergency
services
Your Trusted Partner for Fee-Only Financial Planning Solutions
Groom Financial Advisory is a dedicated partner in navigating financial complexities, empowering individuals to achieve their goals with confidence. Founded in 2004 by Marshall H. Groom, Jr., a Certified Financial Planner with over 24 years of expertise, the firm specializes in Fee-Only financial planning and investment management. Our approach prioritizes transparency, integrity, and client-centric solutions, ensuring no hidden agendas or conflicts of interest. We serve clients across Virginia and beyond, offering personalized strategies tailored to unique financial circumstances. With a commitment to fiduciary responsibility, we provide impartial advice through comprehensive retirement planning, investment management, estate planning, and tax optimization.Our inclusive service model ensures clients from all backgrounds receive expert guidance, fostering financial clarity and security. Backed by memberships in prestigious organizations like NAPFA and the CFP Board, we uphold the highest standards of professionalism and ethical practice. Our 24/7 availability and client-focused ethos ensure ongoing support and trust, empowering clients to navigate their financial journey with confidence and clarity.
Services
Retirement Planning
Investment Management
College Savings
Estate Planning
Tax Planning
Risk Management
Portfolio Review
Asset Allocation
Wealth Preservation
Financial Consultation
Details
- Year established: 2004
Highlights and features
- We are Fee-Only fiduciaries with no conflicts of interest.
- 24+ years of expertise in financial planning and estate law.
- Personalized strategies tailored to your unique financial circumstances.
- Comprehensive services spanning retirement, tax, and estate planning.
- Committed to inclusive, transparent, and ethical financial guidance.
Associations and certifications
- Certified Financial Planner Board of Standards
- National Association of Personal Financial Advisors (NAPFA)
Services
Retirement Planning
We assist clients in strategically preparing for retirement by setting personalized goals, assessing existing resources, and crafting comprehensive strategies. Our approach considers market conditions, risk tolerance, and lifestyle aspirations to ensure a comfortable retirement. By analyzing income streams, investment portfolios, and insurance coverage, we create tailored plans that adapt to evolving needs, providing peace of mind for the future.
Investment Management
Our investment management services focus on creating diversified portfolios aligned with clients' financial goals and risk tolerance. We utilize low-cost, tax-efficient vehicles like ETFs and mutual funds, balancing equities, fixed income, and alternatives. Regular portfolio reviews and rebalancing ensure strategies remain on track, while quarterly commentary keeps clients informed about market trends and adjustments. This proactive approach maximizes returns while minimizing risks.
Estate Planning
We help clients protect and distribute assets according to their wishes through wills, trusts, and other estate planning tools. Our services include evaluating life insurance needs, minimizing tax liabilities, and ensuring legal documentation reflects current intentions. By addressing potential challenges and incorporating legacy goals, we provide clarity and security for clients and their beneficiaries.
Tax Planning
Our tax planning strategies aim to minimize liabilities and maximize efficiency through strategic investment decisions and deductions. We analyze clients' financial situations to identify opportunities for tax savings, including retirement account contributions and charitable giving. By integrating tax considerations into broader financial plans, we enhance overall wealth preservation and growth.
College Savings
We develop customized savings plans to fund higher education expenses, balancing growth potential with risk management. Our strategies include 529 plans, custodial accounts, and investment vehicles tailored to families' financial goals. By projecting future costs and aligning them with current savings rates, we help clients achieve educational aspirations without compromising other financial objectives.
People
Marshall H. Groom, Jr.
Principal
Marshall H. Groom, Jr., JD, CFP, founded Groom Financial Advisory in 2004 after 24 years as an estate planning attorney. A Certified Financial Planner and NAPFA member, he specializes in Fee-Only financial planning, emphasizing fiduciary responsibility and personalized guidance.
Questions
What services does Groom Financial Advisory offer?
We provide Fee-Only financial planning, investment management, retirement planning, estate planning, tax optimization, and college savings strategies tailored to individual needs.
What does 'Fee-Only' mean?
As a Fee-Only firm, we receive no commissions or third-party incentives, ensuring recommendations prioritize your best interests without conflicts of interest.
Do you serve clients outside Virginia?
While based in Virginia Beach and Richmond, we serve clients across the Commonwealth and beyond through virtual consultations and personalized support.
How does the financial planning process work?
We begin with a free Discovery Meeting to understand your goals, followed by a tailored plan that evolves with your financial journey and market conditions.
What credentials does Marshall Groom hold?
Marshall is a Certified Financial Planner (CFP) and member of NAPFA, adhering to rigorous ethical standards and continuing education requirements.
What sets Groom Financial Advisory apart?
Our fiduciary commitment, 24+ years of expertise, and personalized approach ensure unbiased advice focused on your long-term financial well-being.
Reviews (2)
Patricia Maehr
Oct 13, 2017
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Marshall has handled my retirement income for 10 years, he is always responsive and has done a great job for me. Always willing to explain and answer questions.
Christy Schier
Jun 13, 2016
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He was somewhat curt on the phone, and actually hung up on me once he determined that I was not his ideal client. No idea about the actual services.
