{
  "crd_number": 1329,
  "slug": "smith-brown-and-groover-inc-d-b-a-sbg-wealth-management-macon-ga-1329",
  "primary_business_name": "SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT",
  "legal_name": "SMITH, BROWN & GROOVER, INC.",
  "dbas": [
    "SBG WEALTH MANAGEMENT, LLC"
  ],
  "city": "Macon",
  "state": "GA",
  "country": "United States",
  "cbsa_code": "31420",
  "metro": {
    "cbsa_code": "31420",
    "common_name": "Macon",
    "msa_name": "Macon-Bibb County, GA",
    "path": "/advisors/ga/macon"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-10-24",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-03-16",
  "carried_forward": false,
  "raum_total": 284162648.0,
  "raum_discretionary": 284162648.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 7,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 110567254.0,
      "count": 398
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 170969447.0,
      "count": 79
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 2625947.0,
      "count": 4
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "AL",
    "AZ",
    "CA",
    "FL",
    "GA",
    "IL",
    "IN",
    "KY",
    "LA",
    "MD",
    "MN",
    "MS",
    "NC",
    "ND",
    "NJ",
    "NM",
    "NY",
    "OH",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://sbgwealth.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/1329",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    }
  ],
  "city_as_filed": "MACON",
  "url": "https://advisorcensus.com/firm/smith-brown-and-groover-inc-d-b-a-sbg-wealth-management-macon-ga-1329",
  "display_name": "Smith, Brown & Groover Inc. D/B/A SBG Wealth Management",
  "summary": "Smith, Brown & Groover Inc. D/B/A SBG Wealth Management is an SEC-registered investment advisory firm in Macon, GA, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.",
  "citation": "AdvisorCensus. Smith, Brown & Groover Inc. D/B/A SBG Wealth Management (CRD 1329): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Smith, Brown & Groover Inc. D/B/A SBG Wealth Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Smith, Brown & Groover Inc. D/B/A SBG Wealth Management reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Smith, Brown & Groover Inc. D/B/A SBG Wealth Management located?",
      "a": "Smith, Brown & Groover Inc. D/B/A SBG Wealth Management's principal office is in Macon, GA, according to its Form ADV."
    },
    {
      "q": "Is Smith, Brown & Groover Inc. D/B/A SBG Wealth Management registered with the SEC or a state?",
      "a": "Smith, Brown & Groover Inc. D/B/A SBG Wealth Management is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 1329."
    },
    {
      "q": "How much does Smith, Brown & Groover Inc. D/B/A SBG Wealth Management manage?",
      "a": "Smith, Brown & Groover Inc. D/B/A SBG Wealth Management reports $284,162,648 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (100% discretionary)."
    },
    {
      "q": "How have Smith, Brown & Groover Inc. D/B/A SBG Wealth Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Smith, Brown & Groover Inc. D/B/A SBG Wealth Management: Regulatory assets under management: $170,089,978 in the October 2021 data and $284,162,648 in the October 2026 data, up 67%. Total employees: 11 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Smith, Brown & Groover Inc. D/B/A SBG Wealth Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (398); high net worth individuals (79); corporations or other businesses not listed above (4)."
    },
    {
      "q": "Does Smith, Brown & Groover Inc. D/B/A SBG Wealth Management report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/1329"
    },
    {
      "q": "What changed in Smith, Brown & Groover Inc. D/B/A SBG Wealth Management's recent Form ADV filings?",
      "a": "In the December 2025 filing data: Registered or notice-filed in IN, LA, MS."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 170089978.0,
      "total_employees": 11,
      "filing_date": "2021-06-21"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 199946002.0,
      "total_employees": 10,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 191910822.0,
      "total_employees": 10,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 240786378.0,
      "total_employees": 9,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 283344603.0,
      "total_employees": 9,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 284162648.0,
      "total_employees": 7,
      "filing_date": "2026-03-16"
    }
  ],
  "recent_changes": [
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in IN, LA, MS."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/smith-brown-and-groover-inc-d-b-a-sbg-wealth-management-macon-ga-1329.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 398,
      "fewer_than_5": false,
      "raum": 110567254.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 79,
      "fewer_than_5": false,
      "raum": 170969447.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": false,
      "raum": 2625947.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/1329",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}