Local family business, Colton
Groome & Company recently changed ownership, carrying the firm’s legacy of
expert financial advice in Western North Carolina into the next generation. On
November 15, 2015, Tate and Matt Groome, the sons of Chairman and longtime
owner George Groome, purchased equal shares in the company to become co-owners
of the firm. This natural transition for the family-owned and operated business
signifies that the firm will have strong leadership in place through the year
2050, and reflects the firm’s dedication to providing quality financial support
and advising services to their clients now and far into the future.
Both graduates of the University of
North Carolina at Chapel Hill, the Groome brothers came to the family business
by different paths. Tate joined the family business in 2003 after teaching
elementary school and coaching basketball for at-risk youth. Last year, he was
recognized as one of the “20 Most Creative People in Insurance” by
LifeHealthPro and released a book titled, ...the Best Policy, which
advises grantors and fiduciaries alike to use honesty as a guiding principle in
the monitoring, management, and restructuring of irrevocable life insurance
trusts. In 2009, Matt decided to join the family firm as well, leaving his job
with a CPA group in Charlotte. In 2015, he was chosen as one of the National Association
of Plan Advisors’ (NAPA) Top 50 Plan Advisors under 40, selected from nearly
10,000 NAPA members.
Born and raised in Asheville, Tate
and Matt are excited to take on this new role with Colton Groome & Company
as prominent business leaders in their home community. As co-owners of the
firm, Tate and Matt are now poised to meet the financial advising needs of the
next generation of Asheville-area residents and to serve the WNC community.
Matriarch Barbara Groome reflects, “As a young family eating dinner around the
kitchen table with our two sons, we would talk about this day. Each of our sons
brings their special and unique gifts to our family business. WIth a lot of
laughter respect and love, our family and others in the firm have created a
family business that is based on integrity, knowledge and caring for our
clients and community.”
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