San Jose, California, May 18th, 2020 – Inspire Advisors, the Christian-focused RIA platform serving independent Christian financial advisors and their clients, saw total assets under management (AUM) grow during the first part of 2020, despite a steep selloff in stocks.
Inspire Advisors began the year with $152M in total AUM. At the end of March, Inspire Advisors’ AUM was 14% higher at $174M, even after the stock market sold off more than 30%. As the market rebounded throughout April and new advisors and their assets continued to flow onto Inspire Advisors’ biblically responsible platform, AUM continued to climb to $207.9M as of May 18th, 37% higher than the start of the year.
“We continued to see strong inflows during the market selloff,” commented Robert Netzly, CEO of the Inspire family of companies. “We successfully recruited new advisors and our existing advisors are winning new accounts. The growth and momentum of the biblically responsible investing movement proved to outweigh the COVID-19 driven crisis in terms of net AUM growth in our case. Christian advisors and their clients are hungry for a top-tier firm that is dedicated to biblically responsible investing and planning advice. We are here to serve them, no matter what the market decides to do tomorrow.”
Inspire Advisors is a sister company of Inspire Investing, a global leader in the biblically responsible investing industry, and leverages the size and scale of the combined organization. Together, the Inspire family of companies manages over $612.8M AUM as of May 18th.
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About the Inspire Investing family of companies
Founded in 2015 and headquartered in the Silicon Valley of California, Inspire Investing seeks to create meaningful impact in the lives of people across the globe by providing high quality, biblically aligned investments and financial advice that support Christian ministry and is a leading authority in the Biblically Responsible Investing (BRI) movement. For more information, visit www.inspireinvesting.com.
* Disclaimer: Investment advisory services offered through Inspire Advisors, LLC and CWM Advisors, LLC dba Inspire, both being Registered Investment Advisors with the SEC. CWM Advisors, LLC and Inspire Advisors, LLC are affiliates.