GRAND RAPIDS, Mich.--(BUSINESS WIRE)--FormulaFolio Investments, LLC, a fintech company that creates asset management services and business solutions for financial advisors, is proud to announce that it has been named to the Inc 5000 list of the fastest-growing private companies in America for the fifth consecutive year.
The achievement is a rare feat. According to Inc, only 4% of all honorees have been able to sustain growth long enough to make the list five times.
With a three-year revenue growth rate of 388%, FormulaFolio Investments placed at #1432 on the 2019 Inc 5000 list. 2018 was another record year for the company, with assets under management reaching $3 billion and revenue growing by 51% to $44.2 million – an increase of $14.9 million over 2017.
“When FormulaFolios was founded in 2011, nobody expected that it would be recognized as one of the fastest-growing businesses in the country for most of its existence,” said Chief Executive Officer and co-founder Jason Crump. “Our growth story speaks to the demand from independent advisors for a business partner that helps them serve their clients, improve their technology, and provide better financial advice.”
In addition to its asset management algorithms and technology stack, FormulaFolios helps its advisor partners add new business by creating turnkey financial planning and marketing programs.
About FormulaFolio Investments
FormulaFolio Investments is a Registered Investment Advisor (RIA) that uses money management algorithms to eliminate emotion from the investment processes and empower financial advisors to better serve their clients.
Founded in 2011, FormulaFolios serves hundreds of financial advisors and thousands of clients nationwide, managing over $3.3 billion in assets. It has offices in Grand Rapids, Michigan, and Costa Mesa, California.
For more information, visit https://formulafolios.com/
About the Inc 5000
The Inc 5000 is an independent listing produced annually by Inc Magazine. The Inc 5000 ranks U.S.-based, privately held, for-profit, and independent companies according to percentage revenue growth over the prior three years.
To be eligible to apply for consideration for the 2019 Inc 5000, companies must have been earning revenue by March 31st, 2015, earned at least $100,000 in 2015, earned at least $2,000,000 in 2018, and earned more in 2018 than in 2015. All applicants are required to pay an entry fee for their application to be accepted; FormulaFolios paid a fee of $195.
For more information, visit https://www.inc.com/inc5000/index.html