MINNEAPOLIS, Aug. 17, 2018 /PRNewswire/ -- Great Waters Financial, a financial planning firm located throughout Minnesota with offices in Minneapolis, Richfield, Plymouth, White Bear Lake and Duluth, for the second year has been named to Inc. magazine's 37th Annual List of America's fastest-growing private companies with a ranking of No. 3113 with a three-year revenue growth of 127 percent. This list, which is one of the most prestigious rankings of the nation's fastest-growing private companies, represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses.
"We consider it a great honor to be named to the 2018 Inc. 5000 list. This ranking represents our dedication to growing our business and reflects the success of our mission: educating Minnesota residents about investment and retirement planning strategies in an effort to help provide a better, more secure financial future," said Michael Palumbo, co-founder of Great Waters Financial. "I also want to thank our team members at Great Waters Financial who helped make this ranking possible through their hard work and commitment to providing our clients with superior service that prioritizes their needs. We look forward to the future and continuing our mission to help pre-retirees and retirees achieve their retirement dreams."
Not only have the companies on the 2018 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000's aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
"If your company is on the Inc. 5000, it's unparalleled recognition of your years of hard work and sacrifice," says Inc. editor in chief James Ledbetter. "The lines of business may come and go, or come and stay. What doesn't change is the way entrepreneurs create and accelerate the forces that shape our lives."
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 18,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
About Great Waters Financial
Great Waters Financial, a financial planning firm located throughout Minnesota with offices in Minneapolis, Richfield, Plymouth, White Bear Lake and Duluth, specializes in providing comprehensive financial planning and strategic retirement solutions to pre-retirees and retirees. Founded in 2012 by financial advisors Skip Johnson, Elijah Kovar and Justin Halverson, Great Waters Financial was named one of the Minneapolis/St. Paul Business Journal's Fast 50 companies in 2016. Since opening its doors, the company has grown to 32 employees and five office locations. Dedicated to consumer education, the firm has reached thousands of Minnesotans through its courses at local colleges and universities as well as frequent contributions on local television news shows on a wide variety of financial planning topics. Johnson, Kovar and Halverson are all life insurance and securities licensed and are members of Ed Slott's Elite IRA Advisor GroupSM. For more information visit www.greatwatersfinancial.com or call (612) 360-2127.
Investment advisory services offered through AdvisorNet Wealth Management (AWM). Great Waters Financial and AWM are not affiliated. Insurance products provided by Great Waters Financial, a Minnesota insurance agency.
SOURCE Great Waters Financial