Forza Wealth Management makes InvestmentNews ranking of fastest-growing fee-only Registered Investment Advisors in the U.S. for 2024
SARASOTA, FL – Forza Wealth Management, a fee-only, SEC Registered Investment Advisor (RIA) based in Sarasota, Fla., was honored to learn that it had been recognized by InvestmentNews as one of the Fastest-Growing Fee-Only RIAs in the United States in 2024. Forza was ranked 15th out of the 24 firms listed in the “Under $500 Million” category and one of only three Florida firms of the 74 total firms recognized throughout the U.S.
“We are thrilled about this recognition,” said Forza founder Michael DeMassa, CFA, CFP®. “We have been very strategic about our growth, in order to ensure we are providing the best possible service for and attention to our clients. We look forward to many more years of service and helping more families reach their financial goals.”
This was the second year that InvestmentNews has compiled the Fastest-Growing RIAs list, which is based on data reported to the Securities and Exchange Commission on form ADV. There are numerous criteria that must be met for a firm to be considered.
The 74 firms that make up InvestmentNews’ Fastest-Growing Fee-Only RIAs of 2024 oversee a combined $212 billion in assets under management (AUM). None of them receive commissions or are actively engaged in business as broker-dealers, meaning their sole motivation is overseeing clients’ best interests. However, what earned them their prestigious place on the list was their three-year growth rate (from July 2021 to July 2024). The average growth rate across all winners was 210.3 percent. From July 2021 to July 2024, Forza’s growth rate was 225.8 percent.
Forza Wealth Management stands out in the industry for its commitment to a fee-only, fiduciary model. With a focus on independent decision-making and customized portfolio management, Forza brings a transparent approach to wealth stewardship. By leveraging best-in-class technology and the insights of an experienced advisory board, the firm is dedicated to delivering direct access to the decision makers.
For more information about Forza Wealth Management, visit forzawealth.com or call 941-203-3748.
Methodology
InvestmentNews selected the second annual Fastest-Growing RIAs based on data reported to the Securities and Exchange Commission on form ADV.
To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after July 1, 2023, (2) total AUM is at least $100 million, (3) does not have employees who are registered representatives of a broker-dealer, (4) managed assets for individual clients during its most recently completed fiscal year, (5) no more than 50 percent of amount of regulatory AUM is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25 percent of amount of regulatory AUM is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25 percent of amount of regulatory AUM is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, and (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered), not one who is an insurance company or agency.
To be considered for the list of Fastest-Growing RIAs, firms must have met the criteria in each year (ending July) between 2021 and 2024. In cases where a firm filed more than one annual update to their ADV, the latest filing for the year was used.