9AT: SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT

SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT

SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT

BROWN AND GROOVER, INC.

SMITH, BROWN AND GROOVER

SMITH, BROWN & GROOVER, INC.

SBG WEALTH MANAGEMENT, LLC

SBG WEALTH MANAGEMENT

Adviser Profile

As of Date	03/16/2026
Registration	SEC, Approved, 10/24/2019
Other registrations (5)	Tennessee, Terminated, 02/26/2020 District of Columbia, Terminated, 02/25/2020 North Carolina, Terminated, 02/25/2020 Ohio, Terminated, 02/25/2020 Georgia, Approved, 09/13/1999
ADV Location	MACON, GA, United States
Contact Info	478 xxxxxxx
Websites

AUM^*	284,162,648 18%
of that, discretionary	284,162,648 18%
Number of Employees	7 -22%
of those in investment advisory functions	5
Private Fund GAV^*	0
Avg Account Size	393,577 10%
% High Net Worth	16.42% 12%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

284M 244M 203M 162M 122M 81M 41M

2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Form ADV-E Surprise Examination Reports

Accounting Firm Name	Filing Date	Form ADV-E
Accounting Firm Name DOEREN MAYHEW	Filing Date09/17/2025	Form ADV-E View Report
Accounting Firm Name AGL CPA GROUP	Filing Date10/24/2024	Form ADV-E View Report
Accounting Firm Name AGL CPA GROUP	Filing Date10/26/2023	Form ADV-E View Report

Brochure Summary

Overview

Smith, Brown & Groover, Inc., d/b/a SBG WEALTH MANAGEMENT (SBG) was established in 1967 and is owned 100% by Raymond H. Smith, Jr. SBG provides discretionary investment advice to individuals, high net worth individuals, trusts, estates, charitable organizations and corporations, subject to the terms of a Management Agreement. We emphasize continuous and regular account supervision. As part of our asset management service, we create a portfolio based on the client’s individual investment strategy and tailored to their specific needs. We base each portfolio on the suitability of the client’s circumstances and is reviewed periodically and rebalanced as needed based on the client’s goals and objectives. SBG WEALTH MANAGEMENT and our employees are fiduciaries who must take into consideration the best interest of our clients. We will act with competence, dignity, integrity, and in an ethical manner, when dealing with clients. We will use reasonable care and exercise independent

professional judgement when conducting investment analysis, making investment recommendation, trading, promoting our services, and engaging in other profession activities. As a fiduciary, we have the obligation to deal fairly with our clients. We have the following responsibilities when working with a client: ● To render impartial advice; ● To make appropriate recommendations based on the client’s needs, financial circumstances and investment objectives; ● To exercise a high degree of care and diligence to ensure that information is presented in an accurate manner and not in a way to mislead; ● To have reasonable basis, information, and understanding of the facts in order to provide appropriate recommendations and representations; ● Disclose any material conflict of interest in writing; and ● Treat clients fairly and equitably. As of February 29, 2024, SBG Advisors had 673 discretionary accounts with assets under management of $240,786,378.96.

SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT

SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT

BROWN AND GROOVER, INC.

SMITH, BROWN AND GROOVER

SMITH, BROWN & GROOVER, INC.

SBG WEALTH MANAGEMENT, LLC

SBG WEALTH MANAGEMENT

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Form ADV-E Surprise Examination Reports

Brochure Summary

Overview

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SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT BROWN AND GROOVER, INC. SMITH, BROWN AND GROOVER SMITH, BROWN & GROOVER, INC. SBG WEALTH MANAGEMENT, LLC SBG WEALTH MANAGEMENT

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Form ADV-E Surprise Examination Reports

Brochure Summary

Overview

SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT

SMITH, BROWN & GROOVER INC. D/B/A SBG WEALTH MANAGEMENT

BROWN AND GROOVER, INC.

SMITH, BROWN AND GROOVER

SMITH, BROWN & GROOVER, INC.

SBG WEALTH MANAGEMENT, LLC

SBG WEALTH MANAGEMENT