Austin, Texas, August 7, 2023, Financial Gravity Companies, Inc. (OTC: FGCO) (“Financial Gravity”), a leading financial services firm, proudly announces exceptional quarter-over-quarter revenue growth, posting an impressive close to 10% increase in revenue. The company attributes this remarkable growth to its unwavering commitment to client success, innovation, and a forward-thinking approach to financial planning.
Importantly, FGCO has attracted advisors of all sizes to join its platform, from small startup practices to those managing well over $100 million in assets under management. This demonstrates the versatility of FG's value proposition and its ability to support advisors at any stage of practice development. FG provides customized growth solutions for all levels of advisors, including a turnkey offering to help investment advisors and tax professionals transition into multi-family offices.
Looking ahead, FGCO anticipates further acceleration in revenue growth with recent successful acquisitions that will add over $200 million to FGCO's assets under managements, and these transactions are expected to increase cash flow by more than $1 million in the next 12 months. These strategic moves align with the company's vision to strengthen operating results.
"Financial Gravity Companies' remarkable quarter-over-quarter revenue growth is a testament to our team's hard work and commitment to delivering exceptional financial solutions to investment advisors, tax professionals, and clients," said Scott Winters, CEO of Financial Gravity Companies. "We are proud to see the impact of our efforts, and we remain confident in our ability to continue on this upward trajectory."
Financial Gravity Companies is a pioneering financial services firm dedicated to helping individuals, families, and businesses achieve financial success through customized strategies and holistic financial planning. Founded with a commitment to providing expert guidance and innovative solutions, Financial Gravity Companies has earned the trust and loyalty of a growing clientèle.
About Financial Gravity Companies, Inc.
Financial Gravity Companies Inc., along with its subsidiary companies, provides investment and tax professionals with a turnkey family office charter. We help tax professionals evolve from the commoditized business of tax compliance to a Family Office Director that runs and manages their own multi-family office. Family Office Directors are able to leverage the Financial Gravity systems, technology, proprietary resources, and deep domain expertise to bring an elevated and holistic financial service experience to their clients that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation. For more information about Financial Gravity Companies, Inc., please visit https://financialgravity.com.
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert, or change any of them and could cause actual outcomes and results to differ materially from the current expectations. No forward-looking statement can be guaranteed. Forward-looking statements in this press release should be evaluated together with the many uncertainties that affect Financial Gravity's business, and Financial Gravity undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.