Portfolio Solutions® Reaches $1 Billion Milestone

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TROY, Mich.--(BUSINESS WIRE)-- Investment management firm Portfolio Solutions® announced today that it has surpassed $1 billion in client assets under management (AUM). Portfolio Solutions® now ranks among the top 2% of registered advisors in the nation that manage client assets in excess of $1 billion (Source: RIA Database®).

“Portfolio Solutions® reached this milestone sooner than expected due to a growing number of investors who are embracing our philosophy of low-cost investing using index funds and ETFs,” said Rick Ferri, CFA®. Rick founded the firm in 1999 and is the author of seven best-selling books on investment management topics such as asset allocation, index funds, ETFs and more.

“The power of passive investing, combined with our extremely low annual management fee which is just a quarter of the industry standard, is a strong value proposition for people who seek the help of an experienced investment manager," Ferri states. "Our clients are attracted to our tight-fisted approach to investment management. We look forward to assisting our current clients in the years ahead, and welcome the opportunity to help new clients.”

“Our continued growth and success is based on our commitment and passion to provide low-cost investment strategies with a reasonable management fee,” said Scott Salaske, President of Portfolio Solutions®. “We feel strongly that this combination of low-cost and low-fee investment management provides our clients with the highest probability of meeting their financial goals. We aim to deliver exceptional customer service. Part of that service includes helping to keep more of our clients’ money working for them, so that it can compound into greater wealth.”

About Portfolio Solutions®: Portfolio Solutions® is a privately owned, independent, low-cost investment management firm that is SEC registered to work with clients in all 50 states, plus U.S. territories. Portfolio Solutions® specializes in creating portfolios comprised of low-cost index funds and ETFs. The 0.25% management fee* charged by the firm is a fraction of the industry standard 1.0% management fee. Portfolio Solutions® has 14 full-time employees and currently serves more than 500 clients throughout the United States. The firm’s headquarters are located in Troy, Michigan.

*A total relationship value below $1 million is subject to a $625 minimum quarterly fee in lieu of the 0.25% annual management fee.