Financial Gravity Reports Robust Q3 2024 Results: Assets Under Management Surge and Profitability Achieved

Financial Gravity Companies, Inc. (OTC: FGCO) has released its third quarter 2024 financial results, revealing substantial growth and a return to profitability. The company, which specializes in providing turnkey family office services to investment and tax professionals, reported significant increases in assets under management and revenue, alongside a notable improvement in operating results.

During the third quarter, Financial Gravity saw its assets under management rise by over $50 million, a clear indication of the company's expanding client base and growing trust in its financial services offerings. This growth not only strengthens the company's market position but also enhances its capacity to provide comprehensive financial solutions to clients.

Revenue figures for the quarter were equally impressive, with an increase of nearly $500,000. For the nine months ending September 30, 2024, the company reported a revenue boost of over $1,900,000. This substantial growth in revenue underscores the effectiveness of Financial Gravity's business strategies and points to an increasing demand for its specialized services in tax planning, wealth management, and risk mitigation.

Perhaps the most striking aspect of the financial report was the company's turnaround in operating results. Financial Gravity transitioned from an operating loss of ($215,921.93) to a profit of $172,956.91 for the nine months ended September 30, 2024. This shift to profitability demonstrates the company's commitment to financial discipline and operational efficiency, validating its business model and strategic initiatives.

Scott Winters, CEO of Financial Gravity, expressed enthusiasm about the company's performance, stating, "We are thrilled with our third quarter performance, which reflects the continued success of our strategic initiatives and the dedication of our team." Winters emphasized that the growth in assets under management and revenue increase are testaments to the strength of their business model and the trust clients place in the company.

The positive financial results are particularly significant given the competitive landscape of the financial services industry. Financial Gravity's ability to achieve such growth and profitability indicates its successful differentiation in the market, particularly through its focus on providing a holistic financial service experience that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation.

Financial Gravity's business model, which helps tax professionals evolve from traditional tax compliance to managing multi-family offices, appears to be gaining traction. The company's proprietary resources, systems, and technology are enabling these professionals to offer elevated financial services to their clients, potentially disrupting traditional models in the financial advisory space.

As Financial Gravity continues to expand its assets under management and improve its financial performance, it is likely to attract more attention from both clients and investors. The company's focus on creating value for both clients and shareholders positions it well for continued growth in the competitive financial services sector.

For more information about Financial Gravity Companies, Inc., and its financial services, interested parties can visit https://financialgravity.com.

While the company's third quarter results are impressive, it's important to note that forward-looking statements are subject to inherent risks and uncertainties. As with any investment decision, potential investors should carefully consider the company's full financial disclosures and market position before making any decisions.