Financial Gravity Companies, Inc. (OTC: FGCO) is pleased to report strong financial results for the third quarter of 2024. The company demonstrated significant growth in assets under management and revenue and a notable improvement in operating results. Financial Gravity experienced substantial growth in assets under management, increasing by over $50 million during the third quarter. This growth reflects the company’s expanding client base and the trust placed in its financial services offerings. The company also saw a significant boost in revenue, with an increase of nearly $500,000 for the quarter and over $1,900,000 for the nine months ended September 30, 2024. This robust revenue growth underscores the effectiveness of Financial Gravity’s business strategies and the increasing demand for its services. Perhaps most notably, Financial Gravity achieved a remarkable turnaround in operating results, moving from a loss of ($215,921.93) to a profit of $172,956.91 for the nine months ended September 30, 2024. The company is particularly pleased with this improvement, which demonstrates its commitment to financial discipline and operational efficiency. “We are thrilled with our third quarter performance, which reflects the continued success of our strategic initiatives and the dedication of our team,” said Scott Winters, Financial Gravity’s CEO. “The substantial growth in our assets under management and the significant increase in revenue demonstrate the strength of our business model and the trust our clients place in us. Moreover, we are especially proud of the improvement in our operating results, which show our ability to translate growth into profitability. This positive shift is a testament to our team’s hard work and our focus on creating value for both our clients and shareholders.” Financial Gravity remains focused on its mission to provide exceptional financial services to its clients, leveraging its expertise in tax planning, wealth management, and risk mitigation. The company’s growth in assets under management further solidifies its position in the financial services industry and enhances its ability to deliver comprehensive solutions to clients. For more information about Financial Gravity Companies, Inc., and its financial services, please visit our website at https://financialgravity.com. 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. Forward-Looking Statements 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. Contact Details Financial Gravity Companies, Inc. Scott Winters +1 800-588-3893 [email protected] Company Website https://financialgravity.com/
Category: Financial Services
Private Companies Are 50% More Profitable Than Public Companies And Are At Lower Valuations – Now You Can Invest In Them With Linqto
By Anthony Termini, Benzinga Want to access the opportunities offered by pre-IPO companies? Click here to check out Linqto! The day that Apple (NASDAQ: AAPL) went public, some 300 ordinary people became instant millionaires. That was because they owned shares of the company when it was still private. The difference between public and private companies has always been very straightforward. And San Jose, California-based Linqto wants you to know the difference. The Differences Between Public And Private Companies Anyone can own a public company. Shares are traded on exchanges like the NYSE or NASDAQ. But owning private companies before an initial public offering (IPO) – especially exceptional companies like Apple – had always been off limits to individual investors. The investment appeal of owning shares of a pre-IPO company is valuation. According to private equity manager Bain & Company, “public assets have historically commanded “ higher average valuations ” than private companies. These lower valuations make investments in private companies very appealing. They create an investment opportunity that can potentially deliver returns considerably greater than what is available in the public markets. Furthermore, a study by the Federal Reserve of San Francisco found that private companies are 50% more profitable than public companies due to factors such as reduced competition, higher risk tolerance and fewer federal regulations. Yet, for decades, there had been significant barriers preventing individual investors from owning shares of a company before its IPO. That has changed. Many Of The Barriers To Owning Pre-IPO Companies Have Been Broken The most significant barrier to owning shares in pre-IPO companies used to be money. In the past, only deep-pocketed investors like venture capitalists, hedge funds and private equity managers had access to these lucrative investments. The only individual investors that could participate were the limited partners in those funds. Even today, a limited partner in a venture, hedge or private equity fund must commit several hundred thousand to several million dollars to a series of funds to be considered. But there are other ways to invest in pre-IPO private companies. A handful of digital platforms now offer individual investors access to these same opportunities. They include well-known names like Charles Schwab (NYSE: SCHW) and Robinhood Markets (NASDAQ: HOOD), as well as potentially lesser-known players like Forge Global Holdings (NYSE: FRGE), EquityZen and HIIVE. One of the pioneers in the pre-IPO investment market is Linqto. Founded in 2010, Linqto has a unique value proposition. Unlike many of its competitors, Linqto doesn’t charge investors any fees. Linqto is a broker/dealer registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA). Investors pay a modest markup when they buy or sell shares – the exact same way they would when buying or selling common stocks or ETFs. Investments made through some of Linqto’s competitors may require a long holding period – up to 10 years. Linqto’s objective is to offer companies that it expects to go public or to get acquired within five years. Furthermore, while initial investment thresholds are as high as $100,000 at some of its competitors, Linqto provides individual investors access to pre-IPO companies starting with a minimum investment of $2,500. Subsequent investment minimums are $5,000. Another differentiator between Linqto and other platforms is that investors can individually select the companies they invest in. Other platforms offer less control over the investment selection process. Many of those same platforms charge additional brokerage and other miscellaneous management fees, as well. Linqto’s Requirements For Both The Pre-IPO Companies They Offer And For Investors Linqto has a number of requirements for the companies it offers on its platform. Every private company is run through due diligence and a continually monitored review process to ensure it conforms to certain criteria. Companies on the Linqto platform must be beyond the startup stage and well into growth mode. Their revenues must be above a minimum threshold, and they must be backed by committed institutional investors like venture capital or private equity firms. The platform currently limits opportunities to specific industries, primarily in artificial intelligence, blockchain and digital assets, enterprise software, networking and IoT, hardware and FinTech. Investors using the platform must also comply with certain requirements. For example, they must be accredited investors. According to the SEC, individuals may qualify as accredited investors based on wealth and income thresholds or because of their financial sophistication. This means having liquid assets (excluding a primary residence) of at least $1 million and earnings of at least $200,000 ($300,000 if filing with a spouse or partner) in the last two years. Financial professionals who hold a FINRA securities license like Series 7, Series 65 or Series 82 may also be considered accredited investors. The SEC says there are about 24 million households in the United States that would qualify as accredited investors. Why Might An Investor Consider Private Pre-IPO Investments? Including alternative investments in an otherwise well-diversified investment portfolio adds an additional opportunity to reduce overall portfolio risk. The returns of the two asset classes are not perfectly correlated. Investing in public companies is relatively common, but pre-IPO companies can offer greater returns. It’s entirely possible that an investor may even find the next Apple on Linqto’s platform. Click here to visit the Linqto website and begin your private investing journey! Featured photo by Towfiqu barbhuiya from Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 [email protected] Company Website http://www.benzinga.com
Overview of Consumer Staples Select Sector SPDR Fund (XLP) Portfolio Composition
The Consumer Staples Select Sector SPDR Fund (XLP) continues to emphasize its investment focus within the consumer staples sector. Made up of stocks within the S&P 500, XLP offers investors exposure to companies involved in the provision of essential goods and services. The fund is structured around industries that traditionally show resilience, by focusing on everyday essentials. Highlighted Holdings* in XLP’s Portfolio: Procter & Gamble (14.72%): A well-known multinational corporation with a diverse product line in personal health/consumer health, and personal care/hygiene. Costco Wholesale (14.25%): A global chain known for its membership warehouses, offering a broad selection of merchandise. Walmart (10.94%): The largest retailer globally, offering a wide range of products at discounted prices. Coca-Cola (9.33%): Recognized as the largest beverage company globally, Coca-Cola operates in more than 200 countries. PepsiCo (4.52%): Offers a variety of beverages and snack foods recognized worldwide. Philip Morris Int’l (4.45%): Engaged in the manufacture and sale of cigarettes and other nicotine-containing products. Mondelez (3.83%): Specializes in chocolate, biscuits, gum, candy, coffee, and powdered beverages. Colgate-Palmolive (3.47%): Focuses on oral care, personal care, home care, and pet nutrition products. Altria (3.41%): Known for producing tobacco, cigarettes, and related products. Target (2.99%): A retailer that provides a diverse assortment of goods. Investment Focus on Essential Goods and Services: The composition of XLP’s portfolio underscores its commitment to industries anticipated to maintain steady demand irrespective of economic conditions. This approach is reflective of a strategy aiming to provide investors with exposure to segments of the market where consumer demand persists. With assets totaling over $15 billion, XLP represents a notable presence in the ETF landscape since its inception in 1998. It offers an expense ratio of 0.09%**, positioning itself as a fund that focuses on large-cap companies within the consumer staples sector. About Consumer Staples Select Sector SPDR Fund (XLP): XLP is part of the Select Sector SPDR suite, which targets specific sectors of the S&P 500. By concentrating on companies that produce and distribute essential goods and services, XLP aims to offer a reflection of the consumer staples sector. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 6/30/24 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: [email protected] Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007683 EXP 9/30/24 Contact Details Dan Dolan +1 203-935-8103 [email protected] Company Website https://www.sectorspdrs.com/
