Financial Gravity Companies Inc (OTCMKTS:FGCO) Stock On Radar After Latest News

Financial Gravity Companies Inc (OTCMKTS:FGCO) announced the successful completion of the transaction with CAMBRIDGE CAPE COD ADVISORS, LLC. The transaction was completed on June 6, 2023, and will lead to higher cash flow. Furthermore, it will lead to more revenue streams for Financial Gravity.

Trading Data

On Wednesday, FGCO stock moved down 19% to $0.0810 with more than 157 shares, compared to volume of 6.81K shares. The stock moved within a range of $0.0810 – 0.0810 after opening trade at $0.0810.

Financial Gravity will gain access to investment advisory and tax services of Cambridge Cape Cod Advisors, LLC and owner, Gregory C. Fenton, CFP. Fenton is a reputed financial planner in the tax preparation industry located in Massachusetts.

This will ensure much depth to Financial Gravity’s team and will ensure growth and efficiency. The transaction will lead to a net increase of about $150 million in assets at Financial Gravity’s asset management subsidiary, Financial Gravity Asset Management, Inc. The increase shows higher growth and success of the firm in delivering stupendous financial services to clients.

Fenton expressed delight in joining the Financial Gravity team. He added that the company has searched for the correct partner for transitioning practice for some years. Financial Gravity’s method is to focus on the needs of the clients.

Scott Winters, Financial Gravity’s CEO said that the company is delighted on having completed the transaction with Greg Fenton and Cambridge Cape Cod Advisors, LLC. Winters added that the company plans to augment assets under management by $150 million. He also said that it is a major milestone and proof of commitment to giving clients with best financial services.