Passiv, the Fredericton company that helps passive investors rebalance their portfolios, has been growing so strongly that it can now say investors are using its software to manage $1 billion in assets.
The company experienced strong growth in 2020 due to a surge in stock market investing, and because of its relationships with Canadian online brokerage Questrade and other brokerages. And the momentum isn’t slowing down as the company is now on track to double its revenues in 2021.
“The big benefit we had is Passiv operates over a number of brokerages and has a number of asset classes so our