Rick Ferri is a financial analyst, investment adviser, industry consultant, author, speaker and entrepreneur.
Rick earned B.S. in Business Administration from the University of RI and an M.S. in Finance from Walsh College. He also holds a Chartered Financial Analyst (CFA) charter through the CFA Institute.
After college, Rick served as a U.S. Marine Corps officer and fighter pilot prior to joining the investment industry in 1989. He retired from the military after a combined 20 years of active duty and reserve service.
Rick’s investment career spans three decades and offers a remarkable history of empowering people to achieve their goals by embracing a low-cost philosophy. He has managed assets for 30 years, was the sole founder of Portfolio Solutions®, LLC, a $1.5 billion low-fee advisory firm, authored six books on low-cost investing, published hundreds of articles on a range of investment topics, and is a nationally recognized speaker.
Rick unfortunately no longer owns Portfolio Solutions® or directs investment policy at the firm* (see below for the reason). He now promotes low-cost investment principles under Rick Ferri, LLC, a new enterprise.
Starting in April, Rick will start a new advisory firm called Invest With Rick. The cost for this personal service will be an hourly fee or project cost. This is a fair billing method because it ensures clients pay only for the adviser’s time and no more.
Unlike his old company, clients of the new firm will also be given the option to self-manage their own portfolios with Rick’s help rather than pay an ongoing fee to a portfolio management company. Alternatively, if a client wants or needs ongoing management, Rick will recommend a low-cost firm to implement and maintain the investment strategy.**
A second company is Core-4 Investing. A service that provides free portfolio models to investors. The site will also assist investors seeking a like-minded advisers and low-cost portfolio management through the Core-4 Adviser Alliance program. Advisers and portfolio managers who are interested in the Core-4 Adviser Alliance should Contact Rick about opportunities.
*A private equity investor named James S. Gladney (Jim) acquired an equity interest in Portfolio Solutions® from a former partner in 2015. Gladney soon reneged on a legal business agreement with Rick and engaged in several unlawful actions that resulted in freezing Rick out, wrongfully distributing cash to himself, and usurping Rick’s intellectual property. Rick sued and won. The court confirmed ruling found Jim Gladney oppressive and in violation of MI law. He was ordered to pay damages and buy Rick’s remaining interest.
** No written material about the forthcoming Rick Ferri, LLC, Registered Investment Adviser program will be available until April 2019 in compliance with a non-compete and the laws that govern the securities industry.