Vero Beach, FL 21st Street Office

Formidable Asset Management is an SEC-registered, multi-advisor investment management firm that manages roughly $903 million across 16 advisors. The firm provides portfolio management, financial planning, outsourced CIO and pension consulting services and advises individuals (including high‑net‑worth clients), retirement plans, other registered investment advisers and pooled investment vehicles including investment companies.

Formidable emphasizes capital appreciation and frequently implements its strategies by allocating client assets to Exchange Traded Funds that the firm advises, using a blend of top‑down thematic research and bottom‑up fundamental and quantitative analysis; its ETF strategies may use derivatives and covered‑call techniques and its funds are generally managed actively and classified as non‑diversified. The firm offers both discretionary and non‑discretionary portfolio management, ERISA fiduciary and retirement plan management services, and a subscription model‑portfolio service delivered to other advisers.

What distinguishes Formidable from many multi‑team peers is its role as an investment company adviser and sponsor (multiple Formidable ETFs), its management of and receipt of performance‑based fees from a private fund, and its inclusion of pooled vehicle and fund‑sponsor activities among client offerings. The brochure also discloses that some advisory personnel are insurance‑licensed and that a firm principal has an ownership interest in an accounting firm; these affiliations and the firm’s receipt of advisory fees from its Funds are noted as potential conflicts that the firm says it addresses through policies and disclosures.