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. His interest was acquired following a contentious lawsuit against James S. Gladney, a private equity investor who bought into the company in 2015. Soon after becoming Rick’s partner, Mr. Gladney reneged on their written agreement and froze Rick out. The court confirmed ruling found Mr. Gladney’s actions oppressive and in violation of MI partnership law. Mr. Gladney was ordered to pay damages and buy Rick’s remaining interest.
Rick now promotes low-cost investment principles under Rick Ferri, LLC, a new enterprise. One of his companies is Core-4 Investing. A service that provides free portfolio models to investors and assistance to those seeking like-minded advisers and low-cost portfolio management. Rick will offer services and coaching to advisers in the Core-4 Adviser Alliance. Advisers who are interested in the alliance should Contact Rick about opportunities.
Starting in April, Rick will personally provide one-on-one investment advice to a limited number of individual investors, retirement funds, and non-profit organizations.*
* 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.