Formula Folio Investments, LLC is a large advisory firm based in Grand Rapids. It manages $3.2 billion of regulatory assets for 25,307 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
Formula Folio Investments provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, market timing services, and educational seminars and workshops. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Formula Folio Investments, LLC is $3.2 billion. The firm's AUM has grown by 2999% since the beginning of its operation, and $9.19 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Formula Folio Investments, LLC for their services and products based on a percentage of assets under management and subscription fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, and corporations or other businesses. The largest group of clients of Jason Robert Wenk is individuals with 18,845 clients and $2.41 billion of assets under management. Among the 9 most similar advisory firms, Formula Folio Investments has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $3.2 billion for 19,130 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Formula Folio Investments doesn't advise any private funds.
The company employs 114 people that are either part- or full-time employees. 15 percent of the employees work as investment advisers or researchers. 17 employees are registered as investment adviser representatives with the state securities authorities.
There are 118 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
Jason Robert Wenk has been acting as President since 1 Jan 2011. Robert Michael Lester joined the executive team most recently as the Member.
The principal office where Formula Folio Investments, LLC performs its advisory services is located at 89 Ionia Ave Nw, Grand Rapids, MI 49503, which is also the mailing address of the firm. An additional office of the firm is in Costa Mesa, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 616-667-2150 or by fax 616-667-2218. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at formulafolios.com.