Investment management firm Portfolio Solutions has surpassed USD1 billion in client assets under management (AUM). Portfolio Solutions now ranks among the top two per cent of US registered advisors that manage client assets in excess of USD1 billion.

"Portfolio Solutions reached this milestone sooner than expected due to a growing number of investors who are embracing our philosophy of low-cost investing using index funds and ETFs," says Rick Ferri, CFA. Rick founded the firm in 1999 and is the author of seven best-selling books on investment management topics such as asset allocation, index funds, ETFs and more.

"The power of passive investing, combined with our extremely low annual management fee which is just a quarter of the industry standard, is a strong value proposition for people who seek the help of an experienced investment manager," Ferri states. "Our clients are attracted to our tight-fisted approach to investment management. We look forward to assisting our current clients in the years ahead, and welcome the opportunity to help new clients."

"Our continued growth and success is based on our commitment and passion to provide low-cost investment strategies with a reasonable management fee," says Scott Salaske, President of Portfolio Solutions(R). "We feel strongly that this combination of low-cost and low-fee investment management provides our clients with the highest probability of meeting their financial goals. We aim to deliver exceptional customer service. Part of that service includes helping to keep more of our clients' money working for them, so that it can compound into greater wealth."