FormulaFolios Ranked #10 on Inc. 500
 

We are thrilled to announce our ranking in the Inc. 500.
Read on for the press release:


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GRAND RAPIDS, MI — August 31, 2017 — Grand Rapids-Based FormulaFolios continues to climb, now ranked #10 on Inc. 500’s Fastest-Growing Companies in America for 2017. For 36 years Inc. 500 has welcomed notable alumni such as Microsoft, Zappos, and Patagonia to the club.
 
Founded by Jason Wenk in 2011 to help financial advisors manage both their business and their clients’ investments, FormulaFolios has grown nearly 14,000 percent in the last three years with $17.2 million of revenue in 2016. This is the third straight year FormulaFolios has been ranked by Inc., climbing from #944 in 2015 to #15 in 2016. FormulaFolios utilizes algorithm-based money management to eliminate emotion from the investment process.


FormulaFolios' Grand Rapids Office
FormulaFolios Grand Rapids Office


In an industry often focused on the numbers, Jason set out to create something different in FormulaFolios. This year they launched an internal initiative titled “Doing Good.” This campaign aims to foster an environment of respect among their nearly 60 employees and their clients — setting a company-wide minimum wage, working to become a Certified B Corp, joining 1% For the Planet, and establishing a culture of volunteerism. Most recently team members pitched in with organizations like Habitat for Humanity and Kids’ Food Basket in the company’s hometown of Grand Rapids.
 

Jason credits their success to the people at the company and the passion they have for making a difference: “We’re fortunate to have a platform that allows us to do good. The rapid growth has been exciting, but my greatest joy comes from the opportunities we’ve been able to create in the communities we operate in. I’m continually amazed at the hard work, gratitude, and kindness I see in our team.”

Jason Wenk
He continues to explain that the “Doing Good” campaign is in part to help reduce some of the stress of everyday life — “We’re trying to make the lives of our team members more enjoyable. When life is more enjoyable, we become more productive and that productivity makes us efficient. Efficiency allows us to do more good in our industry and in the world around us.”
 

They recently opened a new think tank in Orange County, CA dedicated to formulating new solutions for their advisors. These solutions are aimed to streamline, automate and enhance the overall marketing process.
 

Jason explains, “Financial advisors often get caught up in marketing — they struggle to get their message out there. We’re working on creating turnkey products that automate a lot of the tedious technical processes they find difficult, which allows them to focus on what they do best: service their clients.”

In addition to their new California office, they recently completed renovation on a new floor in the office building of their Grand Rapids headquarters. The space is used to hold training events for their financial advisors. 

FormulaFolios doesn’t foresee its growth slowing anytime soon, citing a strong track record and dedicated team as key components of success.

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See the full Inc 500 list here.

Read Inc 500's interview with Jason here.

Download a printable PDF of the announcement here.

 
 
 
 
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