499. Vestwell
As a fintech savings and investment platform, Vestwell exclusively works with small businesses and individual savers across the U.S. Founded in 2016 in New York, this marks the third time the company is mentioned on Inc. 5000’s list, first in 2022 at No. 435 and then in 2023 at No. 597.
For 2024, the fintech firm has a three-year growth rate of 888%.
“I’m beyond proud of our team to clear such a high bar, moving up the ranks into the top 10% of the Inc. 5000 Fastest Growing Companies,” said Vestwell founder and CEO Aaron Schumm, in a statement. “The perseverance and focus to achieve this recognition three consecutive years illustrates our team’s ability to impact access to holistic savings programs built for retirement, education, and healthcare needs.”
391. Directed IRA
Directed IRA, founded in Phoenix, Arizona in 2018, provides self-directed IRAs and retirement accounts that can be invested into non-publicly traded assets like real estate, start-ups, and cryptocurrency.
The firm offers a structure to clients consisting of an annual fee of $395, regardless of the value of the account or the number of assets.
Currently, the company has more than $1.8 billion in assets under custody and over 20,000 client accounts. It has a predicted three-year growth rate of 1,134%, according to Inc.
316. Wedmont Private Capital
Landing as the top retirement-focused firm to hit Inc. 5000’s list, Wedmont Private Capital are fiduciary and flat-fee financial advisors who specialize in private wealth management for high-net-worth investors.
The company, headquartered in West Chester, Pennsylvania and founded in 2019, has an anticipated three-year growth rate of 1,350%. In January, the firm announced it hit $1.5 billion in assets under management (AUM), just four years after its launch.
“This is an exciting honor,” said Wedmont co-founder James Pelletier, in a statement. “This is a testament to the tireless work and dedication of our team, as well as the trust and support of our clients.”
Unlike traditional firms where clients pay a percentage of their assets to their advisor every year, Wedmont charges clients an annual fixed flat fee of $12,500.
Wedmont’s co-founder Dominic Corabi, added, “Our rapid organic growth demonstrates that there is a huge market for exceptional advice provided at a reasonable cost. If clients of traditional firms want to stop paying egregious fees without sacrificing service and sophistication, Wedmont is their answer.”
Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
