San Francisco, CA (PRWEB) September 9, 2008
Inc. recently ranked PENSCO Trust Company in the top 100 financial services companies on its annual ranking of the 5,000 fastest-growing companies in the country. The list is the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.
PENSCO Trust has been recognized by INC. magazine's INC 5000 as the 98th fastest growing financial services company in the U.S. for growth between 2003 and 2008 with a three-year sales growth of 180%.
Leading IRA custodian PENSCO Trust has enabled over 35,000 people to take control of their retirement through self-directed investing into alternative assets such as real estate, private businesses, notes and more. Tom Anderson, founder and CEO of PENSCO, is passionate about educating investors and professionals about the rules and vast opportunities available through self-directed investing within retirement accounts, and promoting the concept that the inclusion of alternative assets in [investor] portfolios will, on average, improve the portfolios' performance over time. PENSCO continues to be the 'knowledge leader' in the industry and hosts a number of nationwide educational events, including the upcoming Symposium on self-directed IRA investing in San Francisco, October 24th - 25th, and in Fort Lauderdale on November 20th - 21st. Visit penscotrust.com and click Symposium to learn more about these content-rich networking events.
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% on average).
The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405), and Advertising & Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million).
About Inc. 500|Inc. 5000 Conference Each year, Inc. magazine and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars -- the privately held small businesses that drive our economy. The Inc. 500 Inc. 5000 Conference brings together members of the Inc. 5000 community--both a new class of Inc. 5000 honorees and the list's alumni--for three days of powerful networking, inspired learning, and momentous celebration. For the first time ever, this powerful networking event is open to all. Please join us September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C. For more information or to register, visit http://www.Inc500Conference.com or call us at 877-211-0489.
About PENSCO Trust Company
For more than 18 years, PENSCO, with offices in New Hampshire and California, and with more than $3 billion in assets under administration, has enabled over 35,000 investors and professionals to take control of their retirement portfolios.