FormulaFolios’ growth story has reached another milestone, with the company reaching the Inc 5000 list of the fastest-growing private companies in America for the sixth consecutive year.
Though the pace of growth has slowed as the company has matured from a small startup with just a couple dozen employees and $11.2 million in revenue in 2015 to a recognized and established competitor in the RIA space with over $3.4 billion in AUM, FormulaFolios still boasts a strong three-year growth rate of 173%, earning #2402 on the list.
“Our sustained growth speaks to the market that the services and technology we’re provide to advisors fills their needs and help them deliver world-class service and financial advice to their clients,” said Jason Crump, Vice President of Relationship Management. “I look forward to reaching new milestones and writing new chapters in our growth story alongside all of our advisors for years to come.”
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 2020 Inc 5000, companies must have been earning revenue by March 31, 2016, earned at least $100,000 in 2016, and earned at least $2,000,000 in 2019,. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2019. 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/inc5000/2020