Netzly noted that the Boise, Idaho-based Inspire, which has about two dozen offices nationwide, has for the past five years been recognized by Financial Advisor’s “RIA Survey and Ranking” as one of the top 50 fastest growing firms. Over the past two years, it ranked third.
Inspire Advisors grew total assets under management by 107% during calendar year 2020, jumping from $634 million to $1.3 billion in total AUM at year’s end. As of August 6, 2021, the firm’s discretionary AUM grew another 32% in 2021, bringing total assets managed to $1.73 billion in AUM, the company noted in a previous release. And as of November 2021, the firm, along with sister company Inspire Investing, had $1.8 billion in AUM.
Netzly said the firm is poised for continued growth. He said it’s building on its infrastructure and added a few key people last year when it saw the growth coming. “We have a great support team and a lot of capacity, and by God’s grace, we are ready to serve them and their clients,” he said.
Netzly said this trend of advisors wanting to be free to run their practice and serve their clients in a way so that they can pray with them if they want to without wondering if their manager is going to reprimand them later, is picking up, and he is unsure if the secular investment world is aware of the size of the shift. “But we certainly see it and are going all in to serve these advisors and investors who deserve a world-class firm and world-class investments that support their values, and that’s the platform we are providing,” he said.
“And again, by the grace of God, we are here and ready to serve the wave of Christian advisors and the clients that I believe are going to make an exodus out of secular firms that are not providing a way for them to perform their biblical values.”