News Archive

Folio Financial Launches Robo for Advisors
Financial Advisor IQ

December 10, 2018 – Folio Financial has rolled out a digital wealth management platform aimed at financial advisors and institutions, with built-in flexibility allowing advisors various ways to deploy it, the company says. The new platform aims to offer goal-based financial planning with custom portfolios, the brokerage, custody and fintech firm says in a press release.  More.


Folio Rolls Out Robo Platform for Advisors, Investors
ThinkAdvisor

December 6, 2018 – Folio Financial says it has rolled out a new robo-advisor platform for both financial professionals and investors that includes tools for goals-based financial planning and specialized portfolio building.  More.


Folio Financial launches platform to build next generation of robo advice
InvestmentNews

December 6, 2018 – Folio Financial has a new technology platform that it says will pave the way for the next generation of digital advice.  More.


Shareholder Advocacy with First Affirmative Financial Network's Holly Testa - Impact Financial Planners
AIO Fee Only Financial Planners


The 29th Annual SRI Conference
Paul Ellis Podcast


A fixed-income investor's guide to impact investing
CNBC

September 10, 2018 – ""What's happening now, at this stage of the game, is you're starting to get a more coherent definition of what a green bond is, and there are some new product offerings," said George Gay, CEO of First Affirmative Financial Network. "There are some green bond ETFs now, where there weren't any two years ago." More.


What Advisers Need to Know About Impact Investing: ESG/SRI
Ultimus Blog


August 21, 2018 – "
Being in SRI...adds an additional filter or conversation point with the client...We encourage advisers to think about SRI as something that enhances – not separates – their expertise, value and customer relationships."  More.


When Does One Become A Socially Responsible Investor?
Green Business Network


August 6, 2018 –
"Every marketing survey shows that women and millennials want to invest with their values. We need to reach out to them and show how to make this a reality, how they can act on their values as investors. SRI is also growing because it’s extending beyond corporate behavior to include federal government public policies."  More.


Muddy Waters
Financial Advisor


August 1, 2018 –
Advisors are not approaching clients about the possibilities, and investors are not acting on their stated desires, says Theresa Gusman, chief investment officer for the First Affirmative Financial Network, a Colorado Springs, Colo., firm specializing in sustainable investing...There are ways to close the gaps, Gusman says. “Transparency needs to be increased,” she says. “Investors need to know the strategy they invested in is actually having an impact or that it does not contain any fossil fuels. Also, advisors and investors need to be better educated about sustainable investing. More.


Swell Launches Impact Investing for FAs, Partners with Folio
Financial Advisor IQ


June 26, 2018 –
Advisors on the Folio Institutional platform get access to Swell’s portfolios through the marketplace Model Manager Exchange, which in turn gives them access to “hundreds” of stock, mutual fund and ETF models from third-party managers. More.


Swell Investing Introduces New Impact Investing Offering for Financial Advisors
Think Advisor


June 25, 2018 –
Through Swell’s partnership with Folio Institutional, clients of the more than 450 firms on Folio’s institutional platform now have access to Swell’s thematic portfolios. More.


Impact housing REIT opens for financial advisers, family offices and investors
Real Assets Adviser


June 20, 2018 –
ImpactHousing.com, a social impact REIT, has announced that Impact Housing REIT Series A Investor Shares, priced at $10 per share, is available to financial advisers, wealth managers and family offices by Folio Institutional. More.


Robo-Fueled Segmentation Shows Wealth Management’s Future
Financial Advisor IQ


June 19, 2018 –
Greg Vigrass speaks with Tom Coyle of Financial Advisor IQ about robos and the future of wealth management. More.


Swell Investing launches impact investing offering for financial advisers
Wealth Advisor


June 19, 2018 –
Through Swell's partnership with Folio Institutional, clients of the more than 450 firms on the Folio Institutional platform now have access to Swell's thematic portfolios. More.


Swell Launches Impact Investors for Advisors
WealthManagement.com


June 18, 2018 –
Swell has partnered with Folio Institutional to give clients of the 450 firms using its platform access to Swell’s thematic portfolios.  More.


Two Colorado Springs businesses honored for social benefit
The Gazette


June 7, 2018 –
First Affirmative Financial Network and Mayfly Outdoors, both of Colorado Springs, were both honored Thursday in Boulder along with 44 other Colorado businesses as Best for Colorado and Best for the World among so-called B corporations, or for-profit companies that have a social or charitable benefit.  More.


Advisors Urged to Embrace SRI Investing
Financial Advisor


May 9, 2018 –
Even as investor interest in sustainable, responsible, impact (SRI) investing soars, 65 percent of financial advisors still express little or no interest in the area, according to Theresa Gusman, chief investment officer for First Affirmative Financial Network, a firm based in Colorado Springs, Colo., that specializes in SRI investing. More.


Open APIs as the Key to Growth in WealthTech
Wealth Tech Club


April 17, 2018 –
According to Greg Vigrass, President of Folio Institutional, the API strategy is a huge part of what they do. The company provides a full set of REST APIs that allows third parties to integrate with the platform and get the full functionality of the Folio site. This includes everything from account opening APIs to trading APIs, information on cash movement APIs, etc. More.


Investment Model Marketplaces and Hubs
Aite Group


April 12, 2018 –
Investment models can be combined to create a unique strategy, meet a client goal, or address a tax matter, and they are generated with in-house expertise or third-party experts. In the U.S. in 2017, new model exchanges or marketplaces rolled out and old model hubs were relaunched; this year will likely see more activity as service providers and technology firms jostle to serve clients. More.


How To Choose The Best Independent RIA Custodian (For You)
Kitces.com and Financial Planning


April 5, 2018 –
Folio Institutional is also known for being a particularly tech-savvy platform, for advisors that want to be completely paperless, and have good tools to manage model portfolios, as well as those who work with smaller clientele where Folio’s ability to trade fractional shares is very appealing. More.


Many investments directly support gun manufacturers and retailers — here's how to figure out whether yours do
Business Insider


March 27, 2018 –
In an age when we want more from everything — our phones, our cars, to the foods we eat, it's no surprise that investors have begun demanding more from their investments. Beyond financial return, many investors are asking how they can better align their investments with their values. More.


Three Emerging Trends That Are Upending Our Profession
Advisor Perspectives

March 19, 2018 – Last year, Bob Veres made a number of bold predictions about how the advisory profession is evolving, and what firms are going to have to do to stay ahead of the curve. How have his predictions held up? Here are three transformations that will force every advisory firm to adapt. More.


Opinion: How financial advisers can give investors a socially conscious portfolio that works
MarketWatch

March 19, 2018 – Two powerful and seemingly disparate forces are shaping wealth management today: technology and sustainable investing. The accelerated pace of technological change is both the most creative and most destructive force in financial services, leaving many advisers concerned about the future of their practices. More.


Digital Platforms Meet Sustainable Investing
Financial Advisor and finTEKNEWS

March 9, 2018 – The growth of ESG and impact investing have become sustainable in recent years through the convergence of ESG materiality-focused metrics with quantitative data analytics. Assuming this trend continues, FOLIOfn should be well positioned to help many more advisors and enterprises use digital investing technology to scale their business and meet clients’ needs. More.


Big Data Analysts and Intelligence in WealthTech Software
Wealth Tech Club

March 1, 2018 – Greg Vigrass, President of Folio Institutional, explained how machine learning and predictive analytics fit into the company’s offering. “… we’re building a machine-learning algorithm that we want to use to set the correct risk parameters for customers.” More.


Maybe no to crypto but yes to blockchain
The Times of Trenton

February 18, 2018 – Many tend to disregard tried-and-true investment principles, claiming they don't apply to this new world, or seemingly even common sense. Nowhere is this attitude and disregard more prevalent than in the twin-pronged area of cryptocurrency and its platform, blockchain technology. More.


Q&A with Greg Vigrass of Folio Institutional
Quovo FinServe Blog

February 15, 2018 – Quovo sat down with Greg Vigrass of Folio Institutional to get his thoughts on robo-advisors, "non-millennial millennials," and how tech can impact a firm's culture.  More.


Shining a Light on Bitcoin
ThinkAdvisor

January 29, 2018 – Cryptocurrencies are now center stage, as advisors grapple with the associated opportunities and risks. More.


Interview with Steven Wallman, Founder and CEO at FOLIOfn, Inc.
USA Weekly

January 20, 2018 – We have been interviewing companies from around the world to discover what challenges they are facing in their businesses. We also asked each company to share business advice they would give to a younger version of themselves. More.


Operationalizing REITS
ADISA

January 2018 – Blaine McLaughlin, Chief Operating Officer at VIA Folio, explains current trends in operationalizing REITs, what RIAs should look for when selecting a custodian, insights for sponsors into what RIAs want, and more. More.


The 2018 Regulatory Texas Two-Step
ThinkAdvisor

January 3, 2018 – While new regulations are likely on the horizon, firms’ compliance with rules ushered in last year will spill over into the New Year. Firms, for instance, will continue to keep up with the sweeping changes to Form ADV Part 1 that became effective on Oct. 1, 2017, both David Tittsworth and Steve Wallman say. Read more.


Women Leaders In Sustainable Finance: Modeling The Future
Financial Advisor

January 2, 2018 – What excites Colleen Denzler, who is CIO (designee) of First Affirmative Financial Network and President of the SRI Conference, about this burgeoning source of information on companies is the opportunity for the industry to find quantitative and qualitative balance. “Bringing these two ways of thinking [together] will help investors and advisors understand the components of investing in SRI and how it benefits them,” she said. These collaborative firms were founded in 1988 and 1989, respectively. Read more.


Regulatory Wrangling: The Year Ahead
ThinkAdvisor

January 2, 2018 – Investment Advisor turned to some of the top regulatory minds to gauge the main tasks advisors and broker-dealers will be reining in after the New Year. Read more.

Invest Forward Selects Folio Institutional For Brokerage Tech
PLANADVISER

December 19, 2017 – Folio Institutional announced that Invest Forward has chosen its online brokerage, custody, clearing and robo-advisory technology services to power the Invest Forward digital investing platform. Read more.


Folio Institutional: A FinTech, Brokerage and Custody Partner for RIAs and Enterprises
WealthTech Insights

December 14, 2017 – Folio Institutional is one of the most experienced financial technology companies in the financial services industry. Read more.


Invest Forward Launches White-Label Robo for Advisers
InvestmentNews

December 14, 2017 – The latest player is Invest Forward, a white-label robo for advisers. The tool uses Folio Institutional as its custodian; provides advisers the ability to digitally offer clients life insurance, loans and estate plans; and labels itself as the first digital advice platform to provide access to funds from Dimensional Fund Advisors. Read more.


Middle Mensch: Meet The Man Making Impact Investing Swell
Forbes

December 6, 2017 – Then there are new-breed robo-advisors Wealthfront and Betterment...both introduced socially focused options of their own over the summer. Brokerage outfit FOLIOfn beefed up its impact-investing reach last year by acquiring First Affirmative Financial Network, which specializes in social outlays. Read more.


Custodians Offer High Tech Goodies
Financial Advisor Magazine

December 1, 2017 – Unlike some of its larger peers, McLean, Va.-based Folio was built as a technology firm first and does not come from the traditional custody and clearing business. Read more.


VIA Folio’s Blaine McLaughlin looks back at 2017, ahead to 2018
Bankless Times

November 30, 2017 – This year has provided its share of contributions to the investment sector and 2018 is on track to do the same, VIA Folio COO Blaine McLaughlin said. Read more.


SRI Conference 2017 - Foliofn, Inc., the new Conference Producer, - with Steve Wallman, CEO
Strategic Investor Radio

November 29, 2017 – Foliofn, Inc. will be the producers of the SRI Conference going forward, and Steve discusses Foliofn, Inc.'s committment to SRI investing and community and to expanding its reach thru future conferences and other gatherings. Foliofn, Inc. is a Broker Dealer and Custodian, offering expanded, deeper and more sophisticated services for investors and advisors, with a strong emphasis on customizing portfolios, including SRI investing. Read more.


Folio Institutional Launches Expert Interview Series
PLANADVISER

November 29, 2017 – Folio Institutional announced that it has launched the “Expert Interview” podcast series, available on its Sightlines blog. Greg Vigrass, president of Folio Institutional and host of the new podcast series, says the content is designed to be a “go-to source for advisers who need quick and actionable information across a wide variety of topics.” Read more.


UBS adds NextShares to brokerage, adviser platform
Fund Action

November 21, 2017 – UBS Financial Services is now offering Eaton Vance’s NextShares through its brokerage and non-discretionary adviser platform, the firms announced Nov. 20. UBS is the first full-service wealth manager to offer the hybrid vehicle through its financial adviser network, according to Eaton Vance. Read more.


Factoring Beliefs and Values into Investments
Asset TV

November 17, 2017 – Greg Vigrass, President of Folio Institutional, says that it is the responsibility of advisors to factor in their clients’ beliefs and values into their investments. More.


What the Industry Is Aspiring to Do
FinTech TV

November 16, 2017 – Steven Wallman — CEO of FOLIOfn, Inc. — reflects back on the T3 Enterprise Conference and changes in the financial services industry. More.


Rounding out portfolios with direct-impact investments
Financial Planning

November 10, 2017 – Advisors can help clients invest in private equity and debt investments that can more directly affect communities in need and make money at the same time, said experts speaking last week at the SRI Conference in San Diego, led by First Affirmative Financial Network. Read more.


Foliofn, Inc.'s Wallman: How to make an impact with your investing
InvestmentNews

November 7, 2017 – Climate change and environmental issues have increased interest in socially responsible investing. But where should you put your clients' money? Steve Wallman of Foliofn, Inc. explains where to invest to better the world. Read more.


FOLIOfn Plans New Robo Next Year
Financial Advisor

November 3, 2017 – FOLIOfn plans to roll out a new robo offering to its advisors and retail investors in the first quarter of next year. The RIA custody firm and online broker already has an established niche in powering robo platforms for some institutional clients, but the new service will be designed for individual advisors and retail clients, said Steven M.H. Wallman, chief executive and founder. Read more.


'Too much choice' in advisor tech?
Financial Planning

November 1, 2017 – Former SEC Commissioner Steven Wallman says there is “firm fatigue” among many advisors. “Now everybody’s got the next best solution,” says Wallman, who is now CEO of FOLIOfn, a financial services firm that includes an institutional offering and an online brokerage. Read more.


Dear Advisors: Here’s How to Treat Taxable Portfolio Gains
Advisor News

October 2017 – When advisors don’t apply tax management tools to their clients’ taxable portfolios, they lose an enormous opportunity to add value. “For investors, after-tax gains are the ultimate measure of investment performance,” said Greg Vigrass, president of Folio Institutional in McLean, Va. “Yet, some advisors believe tax optimization requires too many resources or is too complicated to integrate into their day-to-day account management processes.” Read more.


3 Questions with Greg Vigrass of Folio Institutional
finTEKNews

September 3, 2017 – This week, we’d like to introduce you to Greg Vigrass, President of Folio Institutional®, a leading investment solutions and financial technology company that offers an integrated brokerage and custodial platform featuring patented, state-of-the-art trading, portfolio management tools, and private placement capabilities. Read more.


Enhancing Your Business with SRI and Technology
Financial Advisor IQ ThinkTank

August 28, 2017 – Advisors are facing two industry revolutions: first, clients have embraced technology faster than the financial services industry can keep pace with it. Read more.


Implementing a Robo Advisor Strategy
Financial Advisor IQ ThinkTank

August 28, 2017 – Banks of all sizes are waking up to the dramatic growth of robo advisors, with industry leaders aggressively rolling out their own offerings. Read more.


Is Chicken Soup the right tonic for small cap IPOs?
Bankless Times

August 25, 2017 – The CSSE IPO was a perfect fit for VIA Folio, COO Blaine McLaughlin said. Like it does for many IPOs, VIA Folio served as the clearing firm on this deal.“We are also acting as an introducing broker and are making it available to our customers,” Mr. McLaughlin said. Read more.


Weekend Reading for Financial Planners (Aug 19-20)
Kitces.com

August 18, 2017 – How Folio Forged A ‘Connexion’ Between Advisors And Robos (Christopher Robbins, Financial Advisor) – Folio Institutional is a niche RIA custodian known for its tech-savvy, and in 2014 it launched its “Advisor Connexion” (AcX) platform, intended to be a “robo-advisor-for-advisors” type of white-labeled solution for its advisors. Read more.


Via Folio Helps Alternative Investing Platforms Manage Funds & Investors
Crowdfund Insider

August 13, 2017 – Via Folio is out with a statement on their services that help non-traditional issuers manage both assets and investors. Via Folio provides a vital bridge between issuers in newer securities like Regulation A+, as created by the JOBS Act. Read more.


Enhancing Your Business with SRI and Technology
ThinkAdvisor

August 10, 2017 – Advisors are facing two industry revolutions: First, clients have embraced technology faster than the financial services industry can keep pace with it. Read more.


How Folio Forged A 'Connexion' Between Advisors And Robos
Financial Advisor

August 8, 2017 – RIAs have come to embrace robo-advisor technology, and Folio Institutional might deserve some of the credit. In 2014, when McLean, Va.-based Folio launched its Advisor Connexion (AcX) digital advice platform, many in the financial planning industry considered robo-advisors a disruptive threat to their businesses. Read more.


5 Retail Model Marketplaces Struggle for Advisor Assets
Wealth Management Today

August 7, 2017 – Folio’s Model Manager Exchange (MMX) can be broken down into three sub-offerings. First, advisors can build their own models from scratch using equities, mutual funds, EFTs and ETMFs as components. Second, advisors can license models from third-party asset managers (or even offer their own models on the exchange as a tool to earn additional revenue). Read more.


Top clearing and custody firms for financial advisers
InvestmentNews

August 7, 2017 – InvestmentNews gathers client and asset data to assemble company rankings. Read more.


Next on NASDAQ: Chicken Soup for the Soul Entertainment Raises Capital Under Reg A+, Expects to List Under Symbol CSSE
Crowdfund Insider

July 17, 2017 – Chicken Soup for the Soul Entertainment, Inc., a provider of video content, has launched its Reg A+ equity crowdfunding round seeking to raise up to $30 million in an “mini-IPO.” Chicken Soup is listing the offer on its own web site with the assistance of Folio Investing. Read more.


Folio Investing Absorbs Loyal3, Embraces Long-Term Investment Strategy
Benzinga

July 17, 2017 – It’s been over a month since Folio Investing absorbed the clients of the now-defunct brokerage, Loyal3, and so far, Folio Senior Vice President Peter Jacobstein is pleased with the transition. Read more.


What Do You Do When Your Firm Suddenly Acquires 200,000 Customers?
Nasdaq

July 12, 2017 – Benzinga spoke with Senior Vice President Peter Jacobstein to discuss the firm’s genesis, its “buy and hold” philosophy and its new list of clients from the recently-shuttered Loyal3. Read more.


UBS raises $325 million for Bono’s ‘Rise’ fund — how to invest based on your values
MarketWatch

July 11, 2017 – “It is not as much a choice of do good or do well,” said Greg Vigrass, president and chief executive of Folio Institutional, which builds robo-adviser technology for financial advisers. “It is very possible these days to invest along the lines of your beliefs and value system and not give up anything in investment returns.” Read more.


Small RIA custodians eye 400-plus RIAs who may come into play thanks to TD Ameritrade-Scottrade deal -- but with a cultivated calm
RIABiz

June 12, 2017 – Similarly, at Folio Institutional of McLean, Va., size is presented as a secondary consideration. “We would be happy to support any advisors displaced as a result (of the merger),” says Greg Vigrass, president of Folio. Read more.


Folio Investing Acquires 200,000 Brokerage Accounts from Online BD
ThinkAdvisor

May 30, 2017 – Folio Investing acquired more than 200,000 brokerage accounts from LOYAL3, a San Francisco-based online broker-dealer. Read more.


Folio Acquires LOYAL3 Brokerage Accounts
WealthManagement.com

May 25, 2017 – Online brokerage Folio Investing has purchased more than 200,000 brokerage accounts from LOYAL3, a low-cost brokerage in San Francisco. The accounts were converted to FolioFirst, the new platform developed for LOYAL3 customers, on May 22. Read more


Folio Acquires 200,000 Brokerage Accounts
Financial Advisor

May 25, 2017 – Folio Investing, based in McLean, Va., has acquired the brokerage assets of Loyal3, a San Francisco-based online broker-dealer, Folio announced Wednesday. Read more


Summer Reading Suggestions from Top Members of the Financial Advice Industry
InvestmentNews

May 25, 2017 – Greg Vigrass, president of Folio Institutional, shares two summer book recommendations. Read more


Robo Advisor Strategies: Easier Than You Think
Credit Union Times

March 31, 2017 – Credit unions are waking up to the reality of robo advisors. They know that they cannot afford to ignore this digital asset management trend. Yet, many are concerned and feel isolated with how to build and launch a digital advice offering with constrained IT resources and budgets. Read more


Small Custodians Compete for Advisers with Niche Needs
InvestmentNews

February 17, 2017 – “Whether they specialize in offering fractional shares like Folio Institutional ... the smaller custodians are meeting special demands in the marketplace.” Read more


Implementing a Robo Advisor Strategy
ABA Bank Marketing | CBInsight | IRIS | ETF Trends

February 6, 2017 – Banks of all sizes are waking up to the dramatic growth of robo advisors, with industry leaders aggressively rolling out their own offerings. However, smaller to midsized banks can also get into the game. They can’t afford to ignore what’s arguably an inexorable digital asset management trend. Read more.


Animal Welfare Emerging Issues Among Investors
Financial Advisor

February 3, 2017 – If you care about how farm animals are treated, Folio has launched a new screen to help investors take animal care into consideration while building their portfolios. Read more.


Folio Expands SRI Capabilities
WealthManagement.com

January 31, 2017 – As part of a larger effort to expand the platform’s SRI capabilities, investors can now filter out companies with bad factory farming practices. Read more.


FOLIOfn, Inc. Partners with Humane Society of the United States, Offers Investors and RIAs New Animal-Welfare Security Filters 
CSRWire Daily News Alert

January 24, 2017 – FOLIOfn, Inc., the parent company of Folio Investing and Folio Institutional, has teamed up with The Humane Society of the United States (HSUS) to give investors and financial advisors the ability to avoid investing in companies known for behind-the-times animal welfare policies. Read more.


The Bionic Advisor Rises 
ETF.com

January 23, 2017 – Financial advisors who use robo technology and firms that provide the platforms say the biggest benefits for financial advisors is making back-office tasks more efficient. How much technology an advisor uses is now customizable, says Greg Vigrass, president of Folio Institutional, which provides a variety of robo-advisor services. Read more.

Fintech Firms Aiming for Amazon-Like User Experience
Financial Advisor IQ

December 20, 2016 – Next year, technology providers serving the financial advice industry are set on improving the client experience while helping advisors comply with the Department of Labor’s fiduciary rule, InvestmentNews writes.


Tools financial technology companies plan to bring advisers in 2017
InvestmentNews

December 16, 2016 – Advisers wondering what their technology providers will offer next year will be happy to know that they’re focused on the same thing that most advisers emphasize - the client.


White Paper Report: Expanding into Cannabis-Related Investing
CrowdFundBeat

December 12, 2016 – VIA Folio, the private securities division of Folio Investments Inc., has decided to support capital formation for certain businesses engaged in the cannabis sector.


Standout features of 10 robos aimed at advisory firms 
InvestmentNews

December 12, 2016 – Folio Institutional, one of the nation’s largest custodians, introduced its automated advice solution for advisers in 2014. Its digital platform offers clients access to exchange-traded funds, mutual funds and stocks, as well as dollar-based fractional share investing and window trading.


Robos to make banks a bigger competitor in advice market
InvestmentNews

December 2, 2016 – Navy Federal Financial Group, a unit of the $78 billion Navy Federal Credit Union, selected Folio Investing to provide online trading and a robo adviser for clients.


A changing of the guard as big firms acquire ESG pioneers?
Responsible Investor

November 23, 2016 – The ownership of ESG firms is in flux at the moment. Calvert has gone to Eaton Vance, FOLIOfn is buying First Affirmative Financial Network, while Boston Common has announced not only increased employee ownership but the transfer of a minority stake to a private equity firm.


Human Advisors Accept They Have To Join Ranks With The Robos
Investor’s Business Daily

November 11, 2016 – When robo-advisors first hit the scene a few years ago, traditional human financial advisors were anxious about facing off against this lower-cost automated competitor. But now, most humans have adopted an “If you can’t beat ’em, join ’em“ mentality. 


Deals Point to ESG Investing’s Potential
Barron’s

November 4, 2016 – On Tuesday, brokerage and investment firm FOLIOfn purchased the SRI-minded (sustainable, responsible, impact investing) advisor First Affirmative Financial Network. 


VIA Folio Announces Support for Investing in Cannabis Related Companies
Crowdfund Insider

November 4, 2016VIA Folio, a technology platform that allows investors to hold alternative assets alongside publicly traded securities, has decided to support the growing Cannabis industry. 


Responsible Funds, November 4: First Affirmative, Envestnet, Vigeo Eiris, OppenheimerFunds, People’s Trust
Responsible Investor

November 4, 2016 – FOLIOfn, the US brokerage and investment company, has acquired SRI advisory firm First Affirmative Financial Network. 


Seeing green, asset managers ramp up purchases of ESG shops
InvestmentNews

November 3, 2016 – Sometimes, when two companies like each other very much, they get the urge to merge. And lately, romance has been blossoming among companies dedicated to environmental, social and governance issues. 


FOLIOfn Buys First Affirmative Financial Network
Financial Advisor

November 1, 2016 – First Affirmative Financial Network, a nearly $1 billion firm that specializes in socially responsible investing, has been acquired by FOLIOfn Inc. 


FOLIOfn acquires First Affirmative to expand its SRI footprint
InvestmentNews

November 1, 2016 – FOLIOfn Inc., an investment technology company, said on Tuesday that it has acquired First Affirmative Financial Network, an independent registered investment adviser specializes in sustainable, responsible, impact (SRI) investing. 


VIA Folio supports private investment in cannabis-related businesses
Bankless Times

October 29, 2016 – Investors in cannabis-related businesses can look to VIA Folio for capital raising an brokerage solutions. 


Local firm begins marketing $50M mini–IPO
Richmond BizSense

August 8, 2016 – A downtown private equity firm has taken two big steps forward in its bid to create a publicly traded real estate investment trust. 


The Five Best Investing Apps
Wealth Daily

July 29, 2016 – Not too long ago, Bankrate.com released a shocking survey. It showed that more than half of all Americans are not investing in the stock market. 52% of the adults in the U.S. have absolutely no stock investments. 


Top Portfolio Products: Management Changes at Vanguard, Touchstone Funds
ThinkAdvisor

July 18, 2016 – Folio Institutional added 31 Morningstar Managed Portfolios ETF and mutual fund models to its Model Manager Exchange (MMX), which is a network of third-party investment models for registered investment advisors. 


Folio Institutional adds Morningstar Managed Portfolios ETF and mutual fund models
ETFExpress

July 11, 2016 – Folio Institutional has added 31 Morningstar Managed Portfolios ETF and mutual fund models to its Model Manager Exchange (MMX). 


Waddell & Reed Integrates With eMoney Platform
Wealth Management

July 8, 2016 – Some 1,800 advisors at broker/dealer Waddell & Reed will now have access to the eMoney financial planning platform. 


Investment Product and Service Roundup
PlanAdviser

July 7, 2016 – Folio Institutional announced the addition of 31 Morningstar Managed Portfolios ETF and mutual fund models to its Model Manager Exchange, known as MMX. 


Folio teams with record-keeping firm KTRADE ahead of DOL fiduciary rule
Investment News

March 30, 2016 – Folio Institutional, a robo-adviser for financial advisers, has partnered with KTRADE, a record-keeping firm that focuses on RIAs, to offer plan sponsors and advisers a way to manage conflicts of interest and defined contribution plan costs. 


Folio/KTRADE Partner to Offer Enhanced Plan Design
PLANSPONSOR

March 30, 2016 – The partnership will give DC plan sponsors and their advisers a better way to avoid conflicts of interest, manage plan costs and enhance participant services. 


Recordkeeper, RIA platform team up on plan sponsor services
BenefitsPRO

March 30, 2016 – Two firms have teamed up to tackle the triple whammy of conflicts of interest, defined contribution plan costs and participant services that will be highlighted when the Department of Labor’s fiduciary rule goes into effect. 


New Breed of Eaton Vance Fund Is Thinly Traded In First Days
WSJ

March 2, 2016 – Few shares of a new breed of actively managed fund are changing hands this week as it’s offered to financial advisers and retail customers for the first time. About 6,200 shares of Eaton Vance Stock NextShares fund had traded on Nasdaq by the end of the day Tuesday. 


NextShares Active ETFs Launch With Limited Products, Distribution
Financial Advisor

March 1, 2016 – Exchange-traded funds just became a little more active, but more important, the fee-and-cost sandbag on actively managed products just became a little lighter. On Friday, Eaton Vance rolled out the first of its NextShares products. 


Eaton Vance Launches a Brave New ETF World
Yahoo Finance

February 29, 2016 – Tom Faust, chairman and chief executive officer at Eaton Vance, discusses the launch of the new First NextShares Fund and the merits of active and passive investing. He speaks on “Bloomberg Markets.”


Wealth Adviser Daily Briefing: Broker Doesn’t Have to Repay Promissory Notes
WSJ

February 29, 2016 – A former Morgan Stanley broker doesn’t have to pay that company about $215,000 he owed on promissory notes, arbitrators ruled–a rare win for a broker in a case involving the use of such debt in brokers’ compensation packages, writes WSJ.com Wealth Adviser. 


Eaton Vance comes to market with new type of low-fee fund
Reuters

February 26, 2016 – A new type of investment fund starts trading on Wall Street on Friday amid hope from backers that it could become big enough to supplant traditional mutual funds. The Eaton Vance Stock NextShares is the first so-called actively managed nontransparent exchange-traded fund. 


What To Expect At 2016 T3 For Advisors Conference
WealthManagement.com

February 10, 2016 – The Technology Tools for Today (T3) conference started Wednesday, with more than 600 data scientists, tech experts and advisors gathering in Ft. Lauderdale, Florida, to learn about the current state of wealth management technology and where it's going next. 


Comparing the robo-advisors, part deux
Abnormal Returns

January 26, 2016 – Back in October 2014 I noted a New York Times piece that compared the companies that were active in the robo-advisor space. They have now updated this chart. Not surprisingly the chart is larger given the increasing number of companies entering the field. 


Eaton Vance gets debut date for NextShares funds
Boston Business Journal

January 26, 2016 – The first NextShares fund, an innovative hybrid between mutual and exchange-traded products developed by Eaton Vance, will hit the market at the end of February, the asset manager said Monday. 


Eaton Vance’s New Breed of Fund to Begin Trading in February
WSJ

January 25, 2016 – A new breed of fund with characteristics of both mutual funds and exchange-traded funds is set to begin trading in late February. 


Eaton Vance Announces Rollout of first NextShares
Investment News

January 25, 2016 – Eaton Vance announced Monday that its first NextShares product will start trading on the Nasdaq stock exchange Feb. 26.NextShares are actively managed hybrid ETFs that price once a day, like traditional open-end funds. Like other ETFs, NextShares will trade on the stock exchanges. 


First Non-Transparent Active ETF to Launch in February
WealthManagement.com

January 25, 2016 – The first exchange traded managed fund, a new fund structure that is a hybrid between an actively managed mutual fund and exchange traded fund, is set to launch Feb. 26. Eaton Vance, which developed the new structure, announced that its Eaton Vance Stock NextShares fund will list and trade on NASDAQ under the ticker EVSTC. 


Eaton Vance Sets Date for First ‘ETMF’ Launch; Distribution Will Be Limited
Barron’s

January 25, 2016 – Fund company Eaton Vance (EV) has set a launch date for the first of its new, hybrid funds, which share characteristics of both mutual and exchange-traded funds. 


Folio Investing: Daydreaming in 2016
Corporate Governance

January 4, 2016 – It’s been two months since the SRI Conference in Colorado Springs but I’m still digesting content, like the potential of Folio Investing, and following up with other attendees. #AllinForImpact continues in San Francisco, Portland, Chicago, New York City, Boston and then Denver. 

Comparing adviser-targeted robos
Investment News

December 20, 2015 – Planners should have technology upgrades in their sights, because these digital disruptors are changing what clients demand from their advisers – man or machine. 


Financial Advisors Apply Technology to Workflow
Investor’s Business Daily

November 13, 2015 – Many financial advisors emphasize the customized service that they provide to clients. At the same time, they highlight the importance of standardizing their processes to ensure consistency and efficiency. 


Steve Wallman, Former SEC Commissioner & Founder of Folio Investing, Reflects Upon Title III Equity Crowdfunding Rules
Crowdfund Insider

November 10, 2015 – Steve Wallman spent a good portion of the 90’s at the Securities and Exchange Commission. Appointed by President Bill Clinton in 1994, Wallman’s official bio at the SEC notes that his tenure was marked by the creation of the first Advisory Committee on Capital Formation and Regulatory Processes. 


Bloomberg Advantage: Latest Valeant News, Equity Crowdfunding
Bloomberg

November 2, 2015 – Listen to Folio Investing Founder and CEO, Steve Wallman, as he discusses the SEC’s new crowdfunding legislation. Starting at the 11:11 mark of the podcast, Wallman comments on the ruling that allows companies to sell private securities online and what it means for investors like you. 


Fees and Charges That Destroy Investors’ Portfolios
U.S. News & World Report

November 2, 2015 – No investment or advising comes without fees, but they can be reduced if you know learn the ropes. 


In depth reaction to Title III rules passing
Bankless Times

November 2, 2015 – As the Securities and Exchange Commission’s release of the new crowdfunding rules begins to be analyzed by the investment community, Bankless Times is speaking with additional experts to get their thoughts on what those rules mean for the industry. 


Robo Firms May Violate Investment Laws, Asset Manager Argues
Financial Planning

November 2, 2015 – By claiming robos may be unregistered investment companies, new report raises the stakes in fight for dominance. 


Three super-easy ways to start investing today
Examiner

October 21, 2015 – Last week you learned that many Americans are not investing, for one reason or another, and basically have no real plan for generating income in their later years. Whether because of a believed lack of resources or a fear and mistrust of the markets and those who work in them, the majority of people in this country are missing out on what’s been called the greatest wealth-generating machine in history. 


EQIS Capital Set To Accept Curian Assets
Financial Advisor

October 8, 2015 – EQIS Capital, an asset management firm based in San Raphael, Calif., is gearing up to work with advisors who have client assets at Curian Capital, which is being shut down by its parent company, Prudential Plc. 


Think Small for Big Returns From the Stock Market
U.S. News & World Report

October 5, 2015 – Small businesses might not seem safe, but opportunities abound that the big game hunters overlook. Chances are you've never heard of bendamustine, let alone know how to pronounce it (ben-da-MUST-een). It’s used to treat leukemia and lymphomas and the company that makes it, Eagle Pharmaceuticals (ticker: EGRX), has just 35 employees – enough to fit into a coat closet at Eli Lilly & Co (LLY). 


VIA Folio private capital network unveiled
Bankless Times

September 25, 2015 – Folio Investing and Folio Institutional have unveiled Folio’s Private Capital Network. VIA Folio, an online equity and debt-funding platform, intends to connect investors, brokers and advisors with private companies in search of funding.

In addition to private equity and debt VIA Folio will allow participation in hedge funds, private equity funds, real estate funds, and other types of private investments.


VIA Folio Connects Investors with Institutional Type Offers. Leads with Debt Offer from Matchbox Food
Crowdfund Insider

September 21, 2015 – VIA Folio is an online debt and equity platform which connects investors, brokers and avisors with private companies seeking funding. Created by Folio Investing and Folio Institutional, the new portal is leading with a debt offering of $10.5 million from DC based Matchbox Food Group LLC. Matchbox is a restaurant company including concept destinations Matchbox, DC-3 and Ted’s Bulletin. 


Financial Advisors: Millennials Demand These Tools
Investor’s Business Daily

September 11, 2015 – It’s common knowledge that the class of investors called the “next generation,” or NextGen, constantly connect online through electronic devices. The struggle for financial advisors is to find ways to engage with these investors. 


Wealth Adviser Daily Briefing: Merrill Team Departs to Offer Family-Office Services
WSJ Money Beat

September 9, 2015 – A team of Merrill Lynch financial advisers who manage $1.4 billion in client assets resigned on Tuesday to form an independent advisory firm to offer more specialized services to clients, such as paying bills and providing advice on custom-designed investments. The move underscores how more advisers who focus on ultrawealthy clients are finding the traditional brokerage model too constricting, since a so-called family-office level of service is usually prohibited, reports WSJ.com's Wealth Adviser. 


Online Brokerage Folio Investing to Offer NextShares
WSJ Wealth Advisor

September 9, 2015 – Online brokerage services Folio Investing and Folio Institutional plan to offer a new type of fund created by a unit of Eaton Vance Corp. that may start trading later this year.


NextShares Gets First Broker/Dealer
Wealth Management

September 9, 2015 – Folio Investing and Folio Institutional announced Tuesday that it would be the first broker/dealer to offer NextShares, the actively managed funds that look like exchange-traded funds, directly to individual investors, advisors and institutions. ALPS, a Denver-based asset manager, also said it would launch their own NextShares trust. The announcements follow news that Envestment is making NextShares available on its wealth management platform. 


Folio Signs Up to Sell NextShares
Think Advisor

September 8, 2015 – Folio Investing and Folio Institutional, which provide online brokerage services to investors, financial advisors, institutions and their clients, say they will be the first organizations to sell Eaton Vance NextShares, which are exchange-traded managed funds. Folio will offer NextShares on its platforms in conjunction with Navigate Fund Solutions, the developers of NextShares and a subsidiary of Eaton Vance, pending regulatory approvals. 


Eaton Vance’s NextShares gets its first custodian on board
Investment News

September 8, 2015 – NextShares, the new fund structure from Eaton Vance Corp. designed to reduce the costs of active management, has won its first broker-dealer partner. Two investing platforms managed by Foliofn Investments Inc. will offer the funds to financial advisers and other investors, the McLean, Va.-based custodian and brokerage firm said Tuesday. 


NextShares Touts First B-D Distribution Deal
Ignites

September 8, 2015 – “NextShares Touts First B-D Distribution Deal.” 


Eaton Vance Secures First Broker-Dealer For NextShares
Fund Action

September 8, 2015 – Eaton Vance has landed its first broker-dealer to distribute NextShares. The hybrid product will be offered through Folio Investing and Folio Institutional, an online brokerage and custody platform for individual investors, financial advisers and institutions. Folio is the second NextShares distributor Eaton Vance has nabbed. 


Eaton Vance Nabs First Broker-Dealer For NextShares ETMFs
Barron’s

September 8, 2015 – Boston-based fund company Eaton Vance (EV) revealed a pair of new partners for its forthcoming hybrid fund structure, including the first broker-dealer to sign on so far. Foliofn Investments said on Tuesday that it plans offer Eaton Vance’s “exchange-traded managed funds,” or ETMFs, through two online brokerage services. It’s the second distribution deal in recent weeks for Eaton Vance.


Battle For Supremacy: Robo-Advisors Versus Financial Advisors
Yahoo! Finance/US News & World Report

August 19, 2015 – An epic collision of two heavyweights. In this corner ... weighing in at 10 billion terrible terabytes of big data, hailing from cyberspace, the investment innovator and challenger, the online robo-advisor! And the opponent ... weighing in with billions of dollars in assets under management, hailing from every city and suburb in America, the reigning investment champion of the world, the flesh-and-blood financial advisor!


Washington’s policing of Wall Street is nothing to praise
New York Post

August 15, 2015 – Five years after the launch of Washington’s plan to police Wall Street and avert the next financial crisis, the landmark Dodd-Frank Act is nothing to celebrate, according to one regulator. From a limping banking sector crippled by a raft of rules and lending practices to a tight squeeze on Wall Street’s activities, its financial toll is impeding a full economic recovery, said outgoing Securities and Exchange Commissioner Daniel Gallagher. 


Why Rebalancing to Play off Volatility Can Boost Returns in Retirement Portfolio
MainStreet

August 13, 2015 – Investors should rebalance their portfolios based on the volatility of the market to increase the gains in their retirement portfolio. Following a timetable of rebalancing quarterly or even twice a year results in having investors missing gains and take on the losses of a particular sector, said Matthew Tuttle, the portfolio manager of Tuttle Tactical Management U.S. Core ETF. 


Custodians and clearing firms ranked by number of clients
InvestmentNews

August 9, 2015 – New data gathered by InvestmentNews shows how these firms stack up. 


Curian Close Has Rivals Ready to Strike
Think Advisor

August 4, 2015 – Curian Capital is closing early next year, a move that has rival asset managers eagerly inviting investors and advisors into their offices. The Denver-based provider of turnkey asset management programs (or TAMPs) is owned by Prudential PLC (PUK) and has been run as a unit of Jackson National Life Insurance. Last year, Prudential said it had about $12 billion in client assets and a loss of about $27 million. 


How Do You Choose Mutual Funds That Can Beat The Market?
MainStreet

July 9, 2015 – So, you want to invest in a mutual fund that beats the indexes. Great. Do you even know that that means? It isn’t hard to identify mutual funds and fund managers who’ve outperformed the stock indexes in the past. 


F-Squared Files For Bankruptcy
InvestmentNews

July 8, 2015 – F-Squared Investments Inc. filed for bankruptcy protection Wednesday and arranged for its investment strategies to be managed by a new firm, capping the rise-and-fall story of an exchange-traded fund manager once popular with financial advisers. The firm filed documents seeking Chapter 11 bankruptcy protection, and asked the court to allow it to sell its investment strategies, contracts to manage money and other intellectual property to a competing, Chicago-based money manager. 


How To See A Financial Advisor Without Racking Up Fees
TheStreet

July 7, 2015 – If you’re looking for big returns on your retirement investments, an advisor’s huge fee isn’t necessarily part of the deal. Median annual returns for 401(k) holders who had advisors guide their target date funds, managed accounts or their plan’s online advice were 3.32 percentage points higher than returns for people who invested on their own, according a 2014 study by benefits consultancy firm Aon Hewitt and Financial Engines. 


Voices: George Gay, on the Rise of Shareholder Activism
WSJ

June 30, 2015 – Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. George Gay is CEO of the First Affirmative Financial Network in Colorado Springs, Colo. 


FOLIOfn Eyes Creation Of A Robo-Adviser: CEO
Reuters

June 17, 2015 – FOLIOfn, the 15-year-old online brokerage and financial software firm noted for innovations such as allowing customers to buy partial shares of stock, may create a “robo-adviser” for unsophisticated investors, the company’s co-founder said. “We’ll probably make a decision in the next month or two,” FOLIOfn Chief Executive Steven Wallman told Reuters this week. “The more I talk about it, the more convinced I am that it is something we should do.” 


Seattle To Host Major "Investing For Impact" Event On March 31st For Area Financial Professionals
MarketWatch

March 24, 2015 – Impact investing–the hottest topic today in the world of sustainable, responsible, impact (SRI) investing–will be the focus of an all-day meeting on March 31, 2015 for Seattle area investment professionals and investors. "Investing for Impact: Seattle" will take place from 9:00am to 4:30pm, with a networking reception to follow, at the Bell Harbor Conference Center. 


5 Things You Need to Know Now About Private Investments
Huffington Post

March 9, 2015 – If you've been paying attention to what's new in investing, you've probably heard of crowdfinance, debt and equity crowdfunding, peer-to-peer lending, and maybe even community investments. You may also know about private placements, trading pre-IPO shares, hedge funds, private equity and venture capital. What they all have in common is that they're just a few of the names people give to investments you can make in securities that are not publicly traded on exchanges like the NYSE and NASDAQ. 


Folio Investing Acquires Accounts of BUYandHOLD
FA Magazine

February 20, 2015 – Folio Investing has expanded its retail business with the acquisition of more than 20,000 customer accounts of the online investing service BUYandHOLD. 


Online Broker Folio Acquires BUYandHOLD Business
ThinkAdvisor

February 19, 2015 – Online-brokerage Folio Investing said Thursday that it has acquired the online accounts of BUYandHOLD. The company, which is led by former SEC Commissioner Steven Wallman, says the deal “reflects Folio’s continued expansion and commitment to providing a smart, cost-effective alternative to ‘big box’ online brokerages.” 


Folio Investing Brings Experience To Automated Financial Advisors
Investopedia

February 12, 2015 – Traditional investment advisors and brokerages firms, now more than ever, face increased competition from alternative services in particular, robo advisors. 


Staples-Office Depot Merger Likely To Be Cleared By Regulators, Says Former SEC Commissioner
Benzinga

February 4, 2015 – Former SEC Commissioner Steve Wallman told Benzinga that while there are some antitrust issues that need to be addressed, the merger is likely to go through. 


Cybersecurity: What Advisors Need to Know
On Wall Street

January 9, 2015 – J.P. Morgan. Sony. Morgan Stanley—these are just some of the more recent high profile victims of data breaches, which have advisors re-examining their own precautions. 


SEC Approach to ETFs Uneven
ETF.com

January 8, 2015 — Steven Wallman was a commissioner with the SEC in the mid-1990s. An authority on securities markets and trading, today he leads an ETF-centered online brokerage, Folio Investing. Wallman is also keen on seeing the SEC start using a thoughtful “holistic” method to evaluate the worthiness of new ETFs as opposed to a more case-by-case approach. That could have far-reaching effects on the availability of innovative nontransparent actively managed wrappers. 


Threat vs. Opportunity
Financial Advisor

January 2, 2015 — Other financial firms that serve advisors are certain to follow suit with similar technology offerings. Folio Institutional, another custodian, offers Advisor Connexion, a platform that allows advisory firms to build their own robo-advisor solution. 


Is Google Gunning For Custodians And Robos Alike?
Financial Advisor

January 2, 2015 — Robo-advisors are hardly the predatory new agents of disruption that some have depicted them to be, Foliofn CEO and former SEC commissioner Steve Wallman told advisors at an Asset Managers Showcase event in Palm Beach Gardens, Fla., sponsored by Financial Advisor. 

Young Planner Gets Unusual Experience
Investment News

December 14, 2014 – Layton Cox…is helping [Pathways Financial Partners] start an online advice platform to be called My Pathway. …[T]he digital platform will focus on serving younger investors and those with smaller sums to invest. Folio Institutional technology will power the back end of the system, and clients of My Pathway will pay a total of about 1% on assets… 


5 Year-End Tax Tips for Investors
U.S. News & World Report

December 3, 2014 — On top of holiday preparations and celebrations in December, there are some year-end financial tasks that require attention. Many of those tasks on the financial to-do list have a tax component—specifically, avoiding unnecessary taxes on your investments, or worse, incurring a penalty. 


FAs Name Their Favorites in Technology
Financial Advisor IQ

December 2, 2014 — The publication’s annual technology survey polled advisors on their satisfaction with custodians and broker-dealers and the usefulness of their various tool types. Then it ranked brands within each category. The survey includes responses from advisors who specialize in accounting and insurance services as well as financial planners. 


The SEC Is Broken
ThinkAdvisor

November 24, 2014 — The Securities and Exchange Commission has three primary mandates: to protect investors; to maintain fair, orderly and efficient markets; and to facilitate capital formation. However, as the commission has demonstrated in recent years, especially since it took on the massive job of implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, it is a broken agency that is failing to do its job. 


An Unexpected Innovation for Equity Crowdfunding
Crowdsourcing.org

November 7, 2014 — The FOLIOfn closing process offers different modules, or functionality, to conform to the type of offering, be it debt, equity, or certificates of revenue participation. 


Folio Investing Aims to Change the Way People Invest In and Manage Private Securities
Crowdsourcing.org

October 22, 2014 — Folio Investing has a lofty goal: it wants to make the management of private securities as simple as public ones. If the company succeeds, it can have drastic effects on the private placement and the emerging equity crowdfunding industries by filling a number of clear needs. 


Custodians Jump Into The Robo Game
Investment News

October 20, 2014 — Custodians, those longtime third-party guardians of customer securities, are launching new products that give traditional registered investment advisers the technology to compete against so-called robo-advisers.


An Alternative Approach to Investing in Stocks
Consumer Reports

September 19, 2014 — Although it offers more sober, prefabricated investments, such as the all-in-one port­folios akin to target-date funds, [Folio] also allows you to construct a portfolio of up to 100 individual stocks, ETFs, and mutual funds weighted to your specifications. 


Folio Investing Review – Build Your Own Folios
Investor Junkie

September 9, 2014 — Folio Investing offers a comfortable blend of prepackaged investment folios, plus the ability to create and customize your own folios. This can be the perfect mix for the person who wants to control his or her own investment strategies, but also wants the option of having access to broker prepared investment packages. 


Changing The Oil in Your 401(k)
Forbes

August 22, 2014 — Many default and go to a broker, which is a bad choice because their business is selling securities, not advice. Fortunately, there are many alternatives. 


Robot Advice for ETFs
Wall Street Journal

August 3, 2014 — Several online brokers now offer tools that make it easier for investors to put together an ETF portfolio that gives them the exposure they want to various market sectors, and to keep those allocations on target through market ups and downs. 


Meet the Global Market Portfolio—The ‘Optimal Portfolio For The Average Investor’
Forbes

July 30, 2014 — The Global Market Portfolio is the weighted sum of every asset in the world. Your investment journey begins and ends here with a single click. 


4 New Advisor Tech Trends
Financial Planning

March 13, 2014 — For advisors, technological change can seem both lightning fast and very slow.


When Smaller Is Better
Financial Advisor

January 2, 2014 — All custodians try to differentiate themselves from the competition, and they all have some unique aspects to their offering, but Folio Institutional really is different. 

Alta Trust Partners with Folio Institutional to Provide Collective Investment Funds
Market Watch

February 21, 2013 — Alta Trust Company announces a new relationship with custodian Folio Institutional for investment managers seeking to establish collective investment funds.


Folio Tops Peers, Seeks Distribution Partner 
Financial Planning

February 5, 2013 — Higher returns with lower volatility over the past five tumultuous years. That’s the claim from McLean, Va., based Folio Investing, which celebrated the recent fifth birthday of its target date Folios by pointing to its since-inception results, compared with those of the leading target date mutual funds.


Folio Investing’s Target Date Folios Outperform Traditional Target-Date Funds
AdvisorOne

January 28, 2013 — Folio Investing, a division of the online brokerage FOLIOfn Investments, announced Friday that over the five years since they were brought to market, its target date folios have “significantly outperformed” traditional target-date funds. 

Why Target Date ‘Folios’ Beat Traditional Funds
TheStreet.com

September 11, 2012 — Steven Wallman, CEO of Folio Investing, says his company’s Target Date Folios are a better alternative to the market’s current offerings.


Folio’s CEO Wallman Says Diversification Reduces Risk
Bloomberg News

September 7, 2012 — Steve Wallman, chief executive officer at FOLIOfn Inc. and former Securities and Exchange commissioner, says investors should be diversified in a variety of sectors. Wallman talks with Bloomberg’s Pimm Fox and Courtney Donohoe on Bloomberg Radio’s “Taking Stock.”


Why Target-Date Funds Are Off-Target for Many Investors
Kiplinger

September 2012 — Analysts once called companies like General Electric and Xerox “one-decision stocks”—buy ’em and forget ’em, then reap the benefits years later. Today, target-date mutual funds are one-decision retirement plans.


Build Your Own Mutual Fund
Fox Business

August 6, 2012 — Steven Wallman of FOLIOfn discusses how his company allows investors to better manage their funds.


Building Portfolios for Any Objective
Forbes

June 27, 2012 — Folio constructs Ready-to-Go portfolios to help investors meet a variety of goals. Today, president and CEO Greg Vigrass discusses how the company researched the target-date category and developed its own unique approaches.


Investor panel to voice concerns of retail investors—but will anyone listen?
Investment News

June 13, 2012 — Elevating the concerns of smaller retail investors and others overlooked by the markets is the goal of a Securities and Exchange Commission advisory group that began its work Tuesday. “I hope…we will, in fact, bring voices to the commission that otherwise aren’t heard…to enrich the debate,” Joseph Dear.


New SEC Investor Advisory Committee to Put Retail Investors First
AdvisorOne

June 12, 2012 — The Securities and Exchange Commission’s (SEC) Investor Advisory Committee held its inaugural meeting Tuesday at SEC headquarters in Washington, and the consensus among the diverse group of members was that their top goal would be to focus on protection of retail investors and to boost their confidence in the markets.


Using Price Trends to Maximize Profits
Forbes

May 10, 2012 — Advisor Mike Shell has meticulously researched the ways in which price trends can be applied to an investing methodology. He explains how his system has outperformed the S&P 500 over the past seven years, and why he does not rely on fundamentals or macroeconomic forecasts.


ETFs Poised to Become More Competitive
RIAbiz

April 23, 2012 — At the heart of Invest n Retire’s value proposition is technology that enables plan participants to buy fractional shares of ETFs even though such transactions are not possible on the stock exchanges. Another company with fractional-share capabilities is Folio Institutional.


SEC Sets Investor Advisory Committee
Investment News

April 11, 2012 — The Securities and Exchange Commission has formed a new investor advisory committee.


Profile: Folio Institutional
Garrett Planning Network

April 1, 2012 — Hundreds of registered investment advisors nationwide rely on Folio Institutional to provide custody and brokerage services for billions of dollars of investor assets.


The New Face of Diversification
Registered Rep

April 1, 2012 — Many managers are re-assessing their approaches to diversification as traditional correlations have gotten out of whack.


New Service aids ETF use in 401(k)s
Investment News

February 14, 2012 — Folio Institutional and unitZXchange partnership makes it easier to use mix of assets in plan accounts.


Folio Institutional and uZX Launch a Portfolio Unitization Service
Plan Adviser

February 14, 2012 — The service allows investment advisers, model managers and recordkeepers to provide customized model portfolios, including mixed model portfolios, to retirement plan sponsors and participants.


Firms Launch Portfolio Unitization Service
Plan Sponsor

February 14, 2012 — Folio Institutional and unitZXchange LLC launched a portfolio unitization service. 

A Peek Inside the Rising RIA Custodians Fighting to Overtake the Big Four
RIAbiz

November 29, 2011 — RBC, LPL, TCoA, Scottrade and National Advisors Trust are all pushing to gain the critical mass to get past also-ran status.


Target-date funds’ design outdated, research concludes
Employee Benefits Network

July 27, 2011 — Most target-date funds are not as diversified as they could be, and particularly as they increase in popularity in 401(k) plans, their design needs to be revisited, according to Folio Investing.


To Improve Target-Date Fund Performance, Folio Uses Relational Diversification
AdvisorOne

July 20, 2011 — Folio Investing, an online brokerage, announced Monday that since launching its suite of target-date funds in 2007, the average return for the 2010, 2020, 2030 and 2040 Moderate target-date folios was 1.13% higher per year than the average return for comparable target-date funds offered by three other mutual fund companies and is up 1.87% per year compared with the universe of target-date funds.


‘Madoff Audits’ Will Crimp Broker-Dealers
Investment News

June 19, 2011 — An SEC rule proposal intended to thwart the likes of Bernard Madoff likely would result in significantly higher compliance costs for smaller broker-dealers.


The Socially Responsible Investment Firm You've Never Heard Of
Financial Planning

June 13, 2011 — The stars in the world of socially responsible investing are companies like Pax World, Parnassus and Ariel, which have leveraged the model to gain billions of dollars of assets under management.


Folio’s Non-Traditional Diversification in Focus
The Street

June 3, 2011 — Folio Investing, an online broker, has been crowing about its target-date retirement portfolios. Folio says that most of its portfolios have outperformed competitors by wide margins.

Tougher 401(k) Rules Seen as "Full Employment Act" for RIAs
Investment News

May 1, 2011 — As the Labor Department prepares to issue stricter rules for the retirement fund industry, financial advisers at RIA firms are licking their chops over the prospect of poaching business from broker-dealers and insurance agents.


Giving Up Control
Financial Planning

April 1, 2011 — John Gay increased his revenue by 30% when he let investors control their money.


Folio Institutional Names Three Sales VPs
Investment News

January 21, 2011 — Actifi Inc. of Plymouth, Minn., has hired Brian Stimpfl, 42, as senior vice president of relationship management.


Folio Institutional Finds Its Winning Formula for RIA Custody in Specialized Trading Technology
RIAbiz

January 21, 2011 — Ability to allow advisors purchases of partial shares has applications in 401(k), model portfolios and investments in Berkshire Hathaway.


Let Clients Make Their Own Trades
Dow Jones Newswire

January 10, 2011 — Trust in financial advisers has been on the wane since the 2008 crisis crushed many portfolios and Bernie Madoff gave the industry a black eye.

Socially Responsible Investing Made Simple
Financial Advisor

November 1, 2010 — Keeping up with clients’ SRI preferences can be very time consuming. Rather than go it alone, a growing number of SRI and mainstream advisors are turning to a platform offered by Folio Institutional.


Folio Institutional Launches Online Marketplace for Advisors
AdvisorOne

October 4, 2010 — Custodial firm Folio Institutional, a division of online brokerage Foliofn Investments, has launched a new online marketplace called Model Manager Exchange that allows advisors working with the McLean, Va., based firm to access an initial 150 model portfolios from 35 financial professionals.


Folio Institutional Launches Model Portfolio Service
Investment News

October 1, 2010 — Folio Institutional has rolled out a service that allows its RIA clients to tap into model portfolios run by other advisers who hold assets in custody at the firm.


Folio Institutional Offers Expertise of Leading Managers via a New Online Marketplace
Plan Sponsor

September 29, 2010 — Folio Institutional is offering advisers access to the investment expertise of some of the industry’s leading portfolio managers via a new online marketplace.


Model Manager Exchange Opens, Featuring 150 Portfolios from 35 Financial Professionals
Plan Adviser

September 29, 2010 — The “Model Manager Exchange” (MMX) currently features 150 portfolios from 35 financial professionals.


ETFs Shunned by Many Retirement Plans
Registered Rep

August 2, 2010 — Investment advisers are big fans of exchange-traded funds. But that often doesn’t extend to putting them on the menus of corporate retirement programs.

FOLIOfn to launch an online model portfolio exchange for advisers
Investment News

July 15, 2010 — FOLIOfn Investments Inc. will launch an online model portfolio marketplace for financial advisers early next month.


Folio(k) Retirement Platform Includes ETFs
Investment Advisor

April 1, 2010 — Hedge fund manager Joel Greenblatt and online brokerage pioneer Blake Darcy recently opened an online managed account service for retail investors. Can Greenblatt’s star power take asset management online?


The Upstart Custodians
Registered Rep

March 1, 2010 — Gordy Wegwart and his partners at Verity Investments were just about ready to give up. As Wegwart tells it, five years ago they had converted their broker/dealer practice in Durham, N.C., to an investment advisory practice and were looking for a new clearing and custodian service.


For The Record
Registered Rep

March 1, 2010 — The Basics on the Custodians, Large and Small 


The Online Wager
Registered Rep

January 1, 2010 — Hedge fund manager Joel Greenblatt and online brokerage pioneer Blake Darcy recently opened an online managed account service for retail investors. Can Greenblatt’s star power take asset management online?

Something About Mary Worries Many
Investment News

January 5, 2009 — The carping about Mary Schapiro’s appointment to run the Securities and Exchange Commission began three weeks ago, on the very day that President-elect Obama nominated her to head the agency.

Peer-To-Peer Lenders Get Into Secondary Market
The Wall Street Journal

October 20, 2008 — Peer-to-peer lenders are stepping into new turf with a move into the secondary loan market. Lending Club, a major peer-to-peer lender based in Sunnyvale, Calif., last week started letting its customers buy and sell loans after the Securities and Exchange Commission approved the activity.


The Wall Street Shuffle
BizRadio

October 2, 2008 — Steve Wallman, former SEC Commissioner from 1994-1997 and currently CEO and founder of Folio Investing, was interviewed by Dan Cofall on his radio show “The Wall Street Shuffle.”


Research Specialists Aim SMAs at DC Mid-Market
401kWire.com

August 14, 2008 — Zacks Investment Management just jumped into the defined contribution mid- market through an alliance with FOLIOfn Institutional. On Thursday, the Chicago-based RIA (a subsidiary of Zacks Investment Research) unveiled the new SMA-based offering targeted at firms with $20 million to $50 million in DC assets.


President and CEO, F-Squared Investments What Took So Long for the Industry’s First $15,000 Low-Fee SMAs?
Broker Dealer Journal

August 7, 2008 — Conventional wisdom held that it was impossible to offer a low-fee separately managed account (SMA), while dramatically dropping the minimum. Traditionally, SMAs started at $100,000, cost about 100 bp before compensating the advisor or broker, and required about $1 million in investable assets.


FOLIOfn Benefits from New DC Distribution
401kWire

June 24, 2008 — FOLIOfn Institutional just snagged a distribution partner in the retirement plan space. On Tuesday the Vienna, Virginia-based back office and trading platform firm unveiled an alliance with Alliance Benefit Group Carolinas aimed at the advisor-sold marketplace. And through the partnership, FOLIOfn aims to connect with the other ABG member firms as well.


Alliance Benefit Group, FOLIOfn Offer Retirement Plan Systems
PlanAdviser

June 24, 2008 — Retirement plan consultant and record keeper Alliance Benefit Group has teamed up with FOLIOfn to offer advisers retirement plan systems. Alliance Benefit Group Carolinas, LLC (ABG Carolinas), will be utilizing its defined contribution and defined benefit administrative services together with the custody and technological resources provided by FOLIOfn Institutional, a division of FOLIOfn. The two companies will offer customized, professionally managed retirement plan systems.


Emerald’s Alternative Allocation Strategies Offered on FOLIOfn Platform
PlanAdviser

June 16, 2008 — The Emerald Allocation Strategies (EAS) hedges investments as an alternative to hedge funds, and is now offered on the FOLIOfn Institutional platform, a self-clearing trading platform with technology services for broker/dealer representatives and independent advisors.


Separately Managed Accounts Have Tax Benefits
TheStreet.com

June 2, 2008 — If you’re tired of paying taxes on mutual fund distributions, you might want to consider investing through a separately managed account.


Start-Up Pushes SMA Minimums to New Low
FUNDfire

May 7, 2008 — Separately managed accounts (SMAs), once unavailable for those with less than $1 million to invest, are now feasible for investments of just $15,000, thanks to five new SMA strategies introduced by F-Squared Investments of Wellesley, Massachusetts. Each offers a $15,000 minimum investment and all-inclusive fees of 55 basis points. Previously, high minimum investment requirements made it difficult to obtain adequate diversification, even at the $1 million level. This new offering makes SMAs attractive for investors with $100,000 to $200,000.


The Do-It-Yourself Retirement Fund
U.S. News & World Report

March 19, 2008 — To avoid the one-size-fits-all approach of target-date funds, FOLIOfn, a Vienna, Virginia-based brokerage, recently launched a series of “building block portfolios,” which come in moderate, conservative and aggressive variations for each target date offered.

Trend of “Owning” Tax Avoidance Methods Grows in US
Reuters

December 27, 2007 — Texas lawyer Stanley Blend was stunned when someone mentioned tax patenting, the practice of declaring a tax strategy as a new invention and collecting royalties on it, at an American Bar Association meeting two years ago.


Transamerica Financial Advisors Launches New SMA ETF Program
Planadviser

October 1, 2007 — Transamerica Financial Advisors, Inc. is using FOLIOfn Institutional to launch Transamerica I-Series, a separately managed account program that uses exchange-traded funds (ETFs).

Investing: Folio Investing is New…And Improved?
Reuters Washington Post, MSN Money, ABC News

February 11, 2006 — First there were mutual funds, now almost a $9-trillion industry embraced by a majority of American investors.

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Folios also provide a low-cost way to invest in stocks. Plans start at $199 a year, allowing you one folio and 200 trades a month in it and out of it, so you can contribute small amounts, and switch in and out of stocks if you want to.

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Clients whose advisers have been pitching “separately managed accounts” may indeed have their money invested in folios. Fee-driven advisers like this platform because they can diversify their clients without paying mutual fund fees and because they can tailor the portfolios to their clients. FOLIOfn’s assets have increased by about 30 percent in the past year, with much of the growth coming through advisers who use the technology to invest and move their clients’ money.

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Folios are organized very differently from funds. Instead of owning shares in funds that own stock shares, folio investors actually own fractional shares of the underlying stocks. At the FOLIOfn Web site, they can build their own basket of up to 50 stocks or buy a premixed folio (think portfolio).

With an Account Under $100,000, Acquire EFTs Through FOLIOfn
Republican-American

December 5, 2005 — FOLIOfn is an unusual company. For a fee of only $199 a year, you can make up to 200 on-line trades a month-way more than you’ll need, even if you’re adding money to the account every month.


Get With The Program
Barron's

November 5, 2005 — FOLIOfn, which allows customers to trade baskets of stocks on a dollar basis, rather than a share basis, has added nine Mini-Folios to its list of Ready to Go Folios. A folio can hold 1 to 50 securities, but Ready to Go Folios generally have 20 to 30. Some folios focus on a particular sector or industry, while others are more broadly based. Users, who pay a monthly fee ranging from $19.95 per month to $39.95 per month, can customize any folio to meet specific preferences.


Pentagon FCU Aligns with FOLIOfn for Brokerage Services
Credit Union Times

October 25, 2005 — Pentagon FCU has tapped Internet-based brokerage FOLIOfn Investments, Inc. to become its exclusive provider of online brokerage and investment services.


Armed With ETFs
Marketwatch

November 5, 2005 — Online discount broker FOLIOfn Inc. will provide investment services to the $8 billion Pentagon Federal Credit Union, which represents 650,000 active and retired members of the armed forces.


Brokers Bring ETFs to Pentagon, Small 401(k) Plans
Investors Business Daily

October 24, 2005 — Online discount broker FOLIOfn Inc. will provide investment services to the $8 billion Pentagon Federal Credit Union, which represents 650,000 active and retired members of the armed forces. FOLIOfn will offer nine ready-made ‘mini folios’ of ETFs tailored to an investor’s tolerance for risk and investment goals, the company said. The credit union wanted “diversified portfolios that could be further customized by individual investors quickly and simply,” said Steven Wallman, chief executive of FOLIOfn, a Vienna, Va.-based ETF provider. “ETFs allow diversification into stocks and bonds easily, so they’re good for setting up the asset allocation in portfolios,” added Wallman, a former commissioner of the Securities and Exchange Commission.


FOLIOfn Offering ‘Mini-Folios’ to Smaller Investors
Dow Jones Newswires

November 5, 2005 — FOLIOfn is looking to make it easier for smaller investors to create a diversified portfolio.


Pentagon FCU Signs for Online Brokerage
The Credit Union Journal Daily

October 18, 2005 — Pentagon FCU said Monday it has contracted with FOLIOfn to be the credit union giant’s exclusive online broker and provider of investment services. FOLIOfn will allow members of the $8 billion credit union to buy stocks, mutual funds and other investments online, as well as invest in ‘Folios,’—diversified, customized portfolios of individual securities that members can select and manage on their own. FOLIOfn also offers ‘Ready-to-Go-Folios,’—pre-built portfolios, based on various indices and investment styles, that contain up to 50 securities that investors can modify as they wish. Members with less than $15,000 to invest can own a customized ‘Mini Folio,’ for as little as $5 a month, with no minimum investment. FOLIOfn also provides services to hundreds of credit unions through a relationship with CUNA Mutual Group.


Potomac Techwire

October 18, 2005 — FOLIOfn Investments, a Vienna-based Internet brokerage, said on Monday that the Pentagon Federal Credit Union, has made the company its provider of online brokerage and investment services. The credit union has 650,000 members, including both active and retired U.S. Army, Air Force, Coast Guard and Department of Homeland Security personnel and their families, as well as VFW members and their families.


Dallas Morning News

October 17, 2005 — Through FOLIOfn, Pentagon Federal Credit Union members will be able to purchase a broad range of stocks, ETFs, mutual funds and ADRs, as well as invest in ‘Folios’—diversified, customizable portfolios of individual securities that investors can select and manage on their own. FOLIOfn also offers ‘Ready-to-Go-Folios®’—pre-built portfolios, based on various indices and investment styles, that contain up to 50 securities that investors can modify as they wish.


Pentagon Credit Union Names FOLIOfn Exclusive Online Broker
Interactive Investor

October 17, 2005 — Pentagon Federal Credit Union, the nation’s third-largest credit union, Monday said it has named Internet-based brokerage FOLIOfn Investments Inc. the exclusive provider of online brokerage and investment services for the credit union’s members. The credit union has 650,000 members, including both active and retired U.S. Army, Air Force, Coast Guard and Department of Homeland Security personnel and their families, as well as VFW members and their families.


Defense Daily Network

October 17, 2005 — Pentagon Federal Credit Union, the nation’s third largest credit union, and the Internet-based brokerage FOLIOfn Investments, Inc., today announced that FOLIOfn has become the exclusive provider of online brokerage and investment services for the credit union’s members. Pentagon Federal Credit Union has 650,000 members and is a product and service leader in the credit union industry. Its membership includes both active and retired U.S. Army, Air Force, Coast Guard and Department of Homeland Security personnel and their families, as well as VFW members and their families.


The Charlotte Observer

October 17, 2005 — FOLIOfn requires no minimum investment because the firm’s patented brokerage system can trade securities-including ETFs, stocks and funds-in fractions of shares, allowing customers to invest any amount of money and have it spread over a range of individual securities that they choose, based on their own investment interests and risk profiles. FOLIOfn’s system enables investors who could not otherwise own a broad portfolio of individual securities to obtain the benefits of diversification, along with the customization and control over tax consequences that only come with ownership of individual securities. The system also enables one of the securities industry’s lowest trading costs.


Txcn.com

October 17, 2005 — Pentagon Federal Credit Union members also can select from nine new ‘Mini Folios’—portfolios of between three and five ETFs each, with each portfolio representing an investing style, from short-term to long-term and conservative to aggressive. A simple-to-use FOLIO Wizard® makes it easy for investors to choose the Mini Folio that best fits their investment ‘personalities’ and goals.


The National Hispanic Corporate Council

October 17, 2005 — “Our firm’s mission is applying technology to bring services to the market that enable better investing for all investors-the small ones as well as the large ones,” said Steven M.H. Wallman, CEO of FOLIOfn Investments’ parent company, FOLIOfn, Inc. “We are very pleased to have the opportunity to provide these benefits to Pentagon Federal Credit Union members.”


Pentagon Federal Credit Union Names FOLIOfn as Its Exclusive Online Brokerage Provider
Yahoo Finance

October 17, 2005 —"Through FOLIOfn, Pentagon Federal Credit Union members will be able to purchase a broad range of stocks, ETFs, mutual funds and ADRs, as well as invest in ‘Folios’—diversified, customizable portfolios of individual securities that investors can select and manage on their own. FOLIOfn also offers ‘Ready-to-Go Folios®’—pre-built portfolios, based on various indices and investment styles, that contain up to 50 securities that investors can modify as they wish.


Online Brokerage Service to Work with Pentagon Credit Union
Washington Business Journal

October 17, 2005 — The Pentagon Federal Credit Union has linked up with FOLIOfn, which will be its exclusive provider of online brokerage and investment services. The $8 billion Pentagon Federal Credit Union is the third largest in the country with 650,000 members. Its membership includes active and retired Army, Air Force, Coast Guard and Department of Homeland Security personnel and their families, as well as Veterans of Foreign Wars members and their families.


Online Banking
Santa Cruz Sentinel

September 4, 2005 — S&P’s Promising Growth Portfolio attempts to emulate Warren Buffett’s stock-picking strategy. However, unlike Buffett, who holds stocks for years, S&P updates the portfolio twice yearly, in February and in August.


401(k) Separately Managed Assets Rise 300% at FOLIOfn Further Refinement
Yahoo Finance

August 22, 2005 — FOLIOfn has experienced a 300% jump during the past 18 months in separately managed account and mutual fund alternatives sold through small and mid-sized 401(k) plans. “What we’re actually finding is individual registered investment advisors who are engaged in the 401(k) business moving plans out of the traditional mutual fund-driven environment and introducing them to separately managed accounts,” said Greg Vigrass, executive V.P. at FOLIOfn.


Further Refinement
Glenn Investing

August 19, 2005 — “First off, I have not been too impressed with Scottrade and their new trading platform is not very good, in my opinion. It seems as though I will wind up spending more in commissions than with FOLIOfn as well. So I think FOLIOfn will prove to be the better platform. I have about one month left on my current subscription so I will give FOLIOfn another go.”


Some Experts Wan More Frequent Reports
Associated Press

July 23, 2005 — Quarterly earnings announcements look more than ever like prize fights: hyped events that often leave the pugilists battered and the fans drained. Many stock watchers think there’s a better way for companies to communicate with their investors: More frequently.


Review of Online Brokerage Firm FOLIOfn
PfBlog

July 11, 2005 — For the right kind of investor, FOLIOfn can be an awesome tool. FOLIOfn is an online brokerage firm that allows investors to construct portfolios (called ‘folios’) of stocks and exchange-traded funds. When constructing the folio, you pick the allocation for each security.


CPAs Like SMAs
Financial Planning

May 19, 2005 — One major accounting firm is taking another route into the individual investment market. KPMG, the global accounting and consulting firm, recently unveiled a new online service it hopes will provide an alternative to a conventional turnkey asset management solution that’s 30–40 percent cheaper. Working with FOLIOfn, an online brokerage and investment firm based in Tyson’s Corner, Va., KPMG designed a software system that enables it to offer advisors many of the features a turnkey asset management provider (TAMP) would provide without actually becoming a TAMP itself.


Citi Exports Multi-Discipline Accounts Overseas
FUNDfire

April 18, 2005 — The MDA is a U.S. equities all-cap growth, all-cap value product with a$100,000 minimum for investment. 'For Hong Kong investors, this is a great way to get exposure to the U.S. market,' says David Levi, managing director of marketing and wealth management for Citigroup Asset Management. Citigroup is widely credited with inventing the MDA, a separately managed account which blends different investment styles in one account.


KPMG, FOLIOfn Roll Out Managed Account Platform
FUNDfire

March 23, 2005 — KPMG has paired up with FOLIOfn to offer a joint managed account outsourcing option to mid- and large-sized financial institutions. The offering is geared towards banks, trusts, investment advisory firms and private client groups looking for opportunities to offer turnkey private-labeled managed accounts at a lower cost than running them internally. And industry observers say that the pairing could prove to be a strong wealth management product in an already competitive marketplace.


Partnership Spawns Turnkey Separates Platform
Investment News

March 21, 2005 — KPMG LLP and FOLIOfn Inc. are combining their resources to launch the latest version of a turnkey asset management program for separately managed accounts.


Online Brokerage FOLIOfn Introduces $3.95 Trades
CBS 46 Atlanta, The Charlotte Observer, Washington Business Journal, Dallasnews.com

FOLIOfn’s two new trading plans that include the $3.95 trades are comprehensive offerings based on monthly or annual memberships. The firm’s Silver Membership provides unlimited $3.95 market, limit, stop and stop-limit orders, as well as up to 400 commission-free trades per month in FOLIOfn’s daily morning and afternoon trading windows, all for an introductory price of $24.95 per month.

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FOLIOfn’s portfolio management tools also allow investors to track the performance of their investments and compare their fundamental folio statistics against various indices, stocks or mutual funds that can be selected as benchmarks. Individual securities and entire portfolios also can be ‘back-tested’ to see how they would have performed over a historical period compared to selected benchmarks.

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FOLIOfn Investments, an online brokerage firm, is introducing unlimited $3.95 trades for market, limit, stop and stop-limit orders for any number of shares.

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Online brokerage firm FOLIOfn Investments, Inc., has introduced unlimited $3.95 trades for market, limit, stop and stop-limit orders of any amount of shares, with no prior minimum amount of trades required, no minimum account balance, and for all account types.


Ameritrade to Cut Options Trading Fees
Dow Jones Newswires and iWon Money & Investing

March 2, 2005 — In another example of a firm seeking to make its pricing more attractive, FOLIOfn, a closely held Vienna, Va., online broker, recently introduced a $3.95 stock-trade commission.

Do-It-Yourself Approach Is Coming To Mutual Funds
AMNews

February 14, 2005 — Do you feel like you can pick stocks better than whoever is managing your mutual fund? Well, if you think so, there are firms willing to give you a shot at creating and managing your own fund.


Want A New Fund Manager? Services Help You Do It Yourself
Mutual Funds Report

January 9, 2005 — Investors who were dissatisfied with their mutual funds’ performance in 2004 may be tempted to look in the mirror for their next manager.

Investment Folio For Average Joe
Wired News

December 28, 2004 — An old saying claims that the rich get richer. But recent advances in online investing now allow people of modest means to tap into investment options traditionally reserved for the wealthy.


Cramer Baskets
Marketwatch

October 13, 2004 — On Wednesday online investing firm FOLIOfn and the financial news Web site (TSCM:) said they have partnered to create ‘folios,’ or baskets of securities, based on research from TheStreet.com.


TheStreet.com and FOLIOfn Join Forces to Offer ‘The Street.com Folios’
The Street.com

October 13, 2004 — TheStreet.com, Inc. (Nasdaq:TSCM), a leading multimedia provider of financial commentary, research, analysis and news, today announced that it has teamed with FOLIOfn, Inc., an online investing firm and financial services technology provider, to create ‘TheStreet.com Folios.’ This new approach to investing combines the financial expertise found in TheStreet.com’s premium subscription products with FOLIOfn’s patented portfolio investing system’s low-cost and fractional shares trading advantages. The program will kick-off with the launch of the ‘Action Alerts PLUS Folio,’ available at www.FOLIOfn.com/thestreet, which is designed to make investing easier and more convenient for a diverse range of self-directed investors.


The Street.com and FOLIOfn Join Forces to Offer; The Street.com Folios
Securities Industry News

October 13, 2004 — FOLIOfn’s patented, Web-based brokerage technology will empower investors to take full advantage, simply and easily, of TheStreet.com’s portfolio recommendations, actions and advice. The technology enables individuals to invest in dollar amounts with no minimum investment, and allows them to buy and sell fractions of shares. Investors can buy an entire portfolio at once, and have any dollar amount automatically distributed at the proper weights across all of the stocks in the portfolio.


Church Executive Magazine

June 23, 2004 — With a recent bond purchase, The CRA Qualified Investment Fund (CRAIX), a fixed-income, community development mutual fund improved the financial future of the St. Vincent de Paul Society, Seattle Council. The proceeds of the bond assisted the Catholic-based charity in opening a new thrift store, expanding the mattress factory, and existing network of thrift stores, while in the process creating jobs for needy residents of King County, WA…CRAFund Advisors recently made the Fund available to individual investors and their financial advisors through distribution agreements with FOLIOfn and National Advisors Trust.


Washington Post Business In Brief

June 14, 2004 — FOLIOfn, an online brokerage and financial software provider in Vienna, went into partnership with a Japanese brokerage to provide what it says is the first software in Japan for offering separately managed accounts. Unlike mutual funds, separately managed accounts can be customized by investors. FOLIOfn and Nikko Cordial Group, one of Asia’s largest financial services companies, will offer the service to Japanese investors. SMAs as they’re called, have traditionally been so expensive to provide in the United States that account minimums are sometimes half a million dollars or more. The American brokerage says its software can affordably accommodate accounts as modest as $25,000.


FOLIOfn In Talks To Launch SMAs In Asia, Europe
Fund Marketing Alert

June 14, 2004 — FOLIOfn is in talks with financial services providers to introduce separately managed account programs in Asia and Europe. The Vienna, Va.-based firm is in talks with potential partners in Korea, Hong Kong, Taiwan, Switzerland and the U.K., said Steven Wallman, CEO and founder. FOLIOfn, which is known for its technology to create customizable e-baskets that mimic mutual funds, signed a deal with Nikko Partners to create the first SMA program in Japan, and that deal has sparked interest in other parts of Asia, Wallman said.


Become a Fund Manager through FOLIOfn
The Daily Record

May 30, 2004 — What you want to own is not a mad jumble of stocks—this, that and the other thing. You want to own a bunch of stocks that make beautiful music together. A full orchestra. A mélange of stock that’s diversified by industry, possibly diversified by size (large, mid-cap, small) and possibly diversified by style (growth, value, blend)…Happily there’s an online brokerage firm especially created for investors seeking nicely balanced portfolios: FOLIOfn. (The fn, if you must know, is for “financial innovation”). For $19.95 a month, or $199 a year, you can put together—in one fell swoop—a portfolio of up to 50 different stocks. Thrown in is up to 200 commission-free trades a month…Yes, it takes a little getting used to. But you can go for a dry run for 30 days at www.FOLIOfn.com.


Reuters and FOLIOfnTeam Up to Offer Reuters Select Folios
The Future at Hand

May 11, 2004 — Reuters Select Folios consist of eight stock selection models applied to the FOLIOfn universe of more than 4,000 tradable securities. Reuters.com will provide regular updates for the model Folios—each containing approximately 35 to 50 securities that represent various investment styles, such as ‘Favored Value Plays’ and ‘Relative Growth.’ The Reuters Select Folios will be maintained in a premium section of FOLIOfn’s retail brokerage site and also will be accessible via links from the Reuters.com site.


The New Reuters Select Folios available through Reuters.com and FOLIOfn
Charlotte Observer

May 11, 2004 — The combination of models based on Reuters.com screens with direct ownership of the individual securities in the portfolio provides tremendous advantages for investors. They have complete transparency of their holdings and costs. They can exclude specific securities or sectors from their portfolio that they may already own through other investments. They also can control when capital gains and losses are taken and, as a result, they can control their tax consequences…Financial advisors use our technology platform to administer separately managed accounts that provide these benefits for their clients. It’s a logical next step to use the same platform to empower self-directed investors to implement a strategy of this kind.


Reuters.com and FOLIOfn to Offer Reuters Select Folios
DallasNews.com

May 11, 2004 — FOLIOfn, Inc., the innovative online brokerage firm and financial services technology provider, today announced it has teamed up with Reuters.com to market Reuters Select Folios-investment portfolios that combine the benefits of Reuters.com’s stock screening expertise with FOLIOfn’s low-cost, fractional shares trading and portfolio management technology. The Folios, which are available exclusively through FOLIOfn at www.FOLIOfn.com, for the first time make it practical for all investors to cost-effectively implement complete portfolio strategies based on independent investment research.

For SMAs, The East Looks Towards The West With FOLIOfn
Financial Planning

May 10, 2004 — If you think it’s challenging to convince your clients to open a separately managed account, imagine the work Yoshishige Saigusa, the CEO of Nikko Cordial Advisors, Ltd., has cut out for him. This unit of Japan’s third-largest brokerage firm is now introducing Japan’s first separately managed account product to a target market that might not seem very promising at first glance. But with technology supplied by FOLIOfn to build its separately managed account platform, Nikko Cordial may have found a way around that particular problem. The Tysons Corner, VA, startup markets a system that allows users to buy and sell baskets of individual securities of any size. “That’s why we need FOLIOfn,” Saigusa says, “not only to control the portfolio but also the trading mechanism.”


Out With The Old
Bloomberg Wealth Manager

May 2004 — FOLIOfn in Vienna, VA., enables advisers to build a new breed of separate accounts…to create a basket of stocks. Advantages over the mutual fund structure include twice-a-day, commission-free intraday trades, full transparency, and real-time pricing. These portfolios can be tax-managed because the shares are directly owned. There are no liquidity costs because the funds are not collective vehicles. Best pricing is sought through anonymous midpoint crossing using aggregation of trades and internal matching.


Wall Street Gets Personal
Continental Magazine

April 2004 — Companies, such as FOLIOfn.com…give investors the diversification advantages of mutual funds and more control over fees and taxes, as well as the added bonus of direct stock ownership…investors are able to buy and sell entire stock portfolios with just a few mouse clicks, instead of having to pick individual stocks or mutual funds.


In Brief: Japan Pact To Initiate Managed Accounts
The American Banker

March 31, 2004 — FOLIOfn Inc., an online brokerage and financial services technology firm, has announced the formation of a partnership with Nikko Cordial Corp. to create and market the first separately managed account platform in Japan.


Nikko-FOLIOfn Deal A Japan First
Securities Industry News

March 29, 2004 — Japanese brokerage Nikko group has teamed up with FOLIOfn, a U.S. online brokerage and back-office software provider to offer the country’s first separately managed account (SMA) service so investors can directly own a variety of Japanese stock portfolios under a single account.


New Nikko Stock Service For Y2 Trln In Assets
Reuters News

March 8, 2004 — From next month, Nikko, Japan’s third-biggest brokerage, will offer the country’s first separately managed account (SMA) service that allows individual investors to directly own a variety of Japanese stock portfolios under a single account.


Forbes

February 2, 2004 — Done right, Folios are cheaper than funds or broker-filled orders. For a fairly low fee to the Folio provider, you can control your own account, buying, selling, rebalancing, all without the help of a high-paid Wall Streeter. With a Folio, you can do things like ditch losing stocks for a tax advantage, a move fundholders can’t perform and broker customers must pay more for.

Wall $treet Week With FORTUNE
FORTUNE

November 21, 2003 — While there are still many good mutual funds out there, there are also new ways to play the game. Steve Wallman left his job at the SEC to start FOLIOfn, a whole new way of owning stocks.


Mutual Fund Investors Hang Tough Amidst Scandal
The Baltimore Sun

November 16, 2003 — It takes about 20 stocks in a variety of sectors to make a diversified portfolio, said James Angel, an associate professor of finance for Georgetown University. Thanks to technology, building a portfolio is now easier and less expensive, he said.


Downtown; See No Evil
The Boston Globe

November 12, 2003 — That is not what I want as an investor. When I buy into Fidelity Dividend Growth, I am buying into Fidelity and its fund manager, Charles Mangum. What I am buying with Dividend Growth is not a separate company with a board, but an investment product just like an annuity, a CD, or an option. Mutual funds should be treated the same way. Let the regulators regulate. Let the compliance officers and auditors ensure strict compliance with the regulations. And let the funds compete on the basis of price, service, and value.


Keeping Tabs On The Street
Business Week

November 2003 — Steven Wallman, 50, is a former SEC commissioner who now runs online brokerage FOLIOfn. Wallman, whose company helps investors diversify more cheaply than with mutual funds, recently shared his thoughts-as a CEO and as a former regulator-on Wall Street’s troubles.


The Feeling’s Not Mutual
Barron's

November 10, 2003 — FOLIOfn provides industrial-strength basket trading, aiming at investors who will actively manage their accounts, placing trades frequently. Each folio can hold up to 50 stocks each, and the pricing plan allows you to conduct unlimited trades during the two daily transaction windows. You can treat each folio as a separate unit, distributing a specific dollar amount evenly across all the stocks in a folio, or sell a folio’s entire contents at once. You can also rebalance a folio with a few clicks of your mouse, something not offered by the sites above.


Newsweek

August 4, 2003 — You can skip funds altogether and try a relatively new investment called a folio that’s sold online at FOLIOfn.com. These are baskets of individual stocks, assembled like fund portfolios, but with an important difference: you own the stocks themselves, rather than holding them indirectly through a fund. That gives you opportunities for tax breaks you don’t get in a mutual fund. It also lets you hold expenses down. You can buy three portfolios for $295 a year.


Trade to your heart’s content with all the fun of investing and no hidden fees.
Investment Advisor

June 17, 2003 — Pity the planner with a small practice: he pays higher fees for poorer service and feels abandoned by long-time partners. But other firms are popping up that cater to the smaller advisor.

15 People Who Will Reinvent Your Future
Forbes

December 23, 2002 — In the most turbulent of times, Steven Wallman [FOLIOfn] is trying to make the market a more efficient—and more secure—place for individual investors.


Celent Communications’ Study, Ranking the Custom Portfolios Providers

May 2002 — The study ranked FOLIOfn the No. 1 Folio service among all custom portfolio providers.


Business Week

May 13, 2002 — …now, many are practicing do-good investing on their own. That’s because the Internet has made it much easier for them to check out companies’ records on environmental, social, and ethical issues. Web-based investing services such as FOLIOfn also guide individuals in crafting diverse portfolios of socially responsible stocks.


MSN Money

May 6, 2002 — But Folio’s Wallman can say he offers lower prices because for $4 at Folio, you can either buy or sell. Sharebuilder charges $15.95 for a sale, something that has riled investors in our Start Investing Community for some time now. True, it is a real-time sale. But it’s the only sale available.


Reuters

April 26, 2002 — FOLIOfn is going where other brokerages have gone before, to the world of tiny, or even nonexistent, commissions. But Wallman, a former commissioner at the Securities and Exchange Commission, isn't deterred by competition.

The 10 Best Things You Can Do On the Web: Trade Funds and Stocks
Mutual Funds Magazine

November 2001 — FOLIOfn: …[J]ust what some investors want.


Ask Matt
USA Today

October 16, 2001 — Q: Is FOLIOfn a safe online broker to invest money through?


Stock Baskets Aim for the Mainstream
The New York Times

September 9, 2001 — Quick&Reilly, the brokerage arm of FleetBoston Financial, plans to join forces with FOLIOfn, the company that first introduced online trading of baskets of stocks last year.


SEC Denies Mutual Fund Industry on Regulating FOLIOs
Bloomberg

August 23, 2001 — The Securities and Exchange Commission denied a request by the $7 trillion mutual fund industry to regulate online services that let individuals create their own baskets of stocks as traditional mutual funds.


Mutual fund ‘FOLIOs’ growing in popularity and value
Daily Herald

August 17, 2001 — Of the many new alternatives to traditional mutual funds, ‘FOLIOs’ have probably received the least publicity. Yet FOLIOs give investors the flexibility of managing a portfolio of individual stocks with the built-in diversification inherent in a standard mutual fund. FOLIOs are subject to regulation and oversight under other federal securities laws, Katz said.


Alternative Types of Investments Offer Good Bets for Shaky Times
The Wall Street Journal

August 12, 2001 — You’ve got a little money and want to start investing. But with the stock market still so shaky, you’re not sure you’re ready.


Beware of Greeks and analysts bearing gifts
Chicago Sun Times

August 12, 2001 — The fastest and cheapest way for a small investor to obtain diversification is through a service called FOLIOfn. FOLIOfn, which is basically an online brokerage firm, allows investors to instantly diversify across a large number of selected stocks through the use of fractional shares. The ability to buy fractional shares is truly one of the more exciting innovations I have seen in the last few years, and Zacks has been happily using the service for several individual accounts that we manage.


Brinker Tackles Managed Account Conundrum
FUNDfire

August 9, 2001 — [FOLIOfn] will provide Brinker [Capital] with a back-office trading, custody and accounting platform for its managed account programs. Brinker believes the deal will solve the problem of scalability as well as boost its business.


Sensible Ways to Spend Your Tax Rebate Dollars
The Wall Street Journal

July 30, 2001 — …[S]tock-basket services offered by Web brokers like FOLIOfn, Inc. of Vienna, Va, allow customers to buy a small piece of each stock in a group-or basket-of the investors’ choosing.


New Line of ‘Pick Your Own’ Investment Products Offers Diversity
New Haven Register

July 1, 2001 — When Robert Adley decided in April that the time was right to start putting money back into the stock market, the East Haven resident did something unique.


Lasting Impact
Registered Representative

July 2001 — Registered Representative recalls the many people, entities and events that have altered the way brokers do business.


The Feeling’s Mutual
The Wall Street Journal

June 11, 2001 — FOLIOfn gives customers a choice on how active to be in selecting a list of stocks. With the service, they can either choose stocks themselves or select one of the FOLIOs the company has put together.


Editors’ Top 8 Picks
ON Magazine

June 2001 — Here’s a promising new way to diversify your stock holdings…You pick the stocks and decide when to sell them. It can be cheaper than a regular mutual fund or buying a collection of stocks from an e-broker.


The Case for Baskets
ON Magazine

June 2001 — If the wild market gyrations of the past year have shown one thing, it is this: you should never pin all your hopes on a single stock, or even a single industry.


When You Need Just a Little Hand-Holding
Business Week

May 28, 2001 — FOLIOs …provide a framework for picking stocks as well as instant diversification. FOLIOfn customer John Sudduth, a Colorado Springs (Colo.) veterinarian, owns a stock basket based on the site’s popular biotechnology folio. “This way, I can bet on medical technology without having to figure out which couple of companies will be the biggest winners,” he says. Because Sudduth is keen on companies developing novel medical therapies, he pared FOLIOfn’s ready-made list of 30 stocks down to the 12 that best reflect his theme.


The Red Herring 100
Red Herring

May 1 and 15, 2001 — FOLIOfn is named to Red Herring’s annual list of the top 100 companies “most likely to change the world.”


Make Your Own Fund
Mutual Funds Magazine

April 2001 — For a flat fee, you can create a Web-based ‘FOLIO,’ or ‘personal fund’ of stocks that you own directly. You can adjust holdings, within limits, to suit your needs, then add money or rebalance holdings with one mouse click. And, perhaps best of all, you can control taxes by deciding what (and when) to sell.


Made-to-Order Funds Grow Despite Stock Market Woes
Reuters

March 21, 2001 — Brutal stock market losses have left plenty of investors ready to bolt. But instead of throwing in the towel, some are changing the way they invest.


The 25 Power Elite
Investment News

March 19, 2001 — FOLIOfn Founder and CEO Steve Wallman is named to Investment News’ annual list of the top 25 “movers and shakers who, more than anyone else, helped redefine the [financial services] industry last year through innovation or superior management. [Wallman’s] method of investing is grabbing a lot of attention, from other startups to big mutual fund companies.”


The Online Finance 40
Institutional Investor

March 2001 — FOLIOfn Founder and CEO Steve Wallman is named to Institutional Investor’s annual list of the top 40 “upstarts and veterans, entrepreneurs and executives, who are leading the way in e-finance.”


The Brave New World of FOLIOs
Financial Advisor

March 2001 — FOLIO providers don’t see themselves as competition to mutual funds. Rather, they see themselves as offering complementary products.


FOLIOs, The Next Generation Investment Vehicle
Senior Consultant

February/March 2001 — The value proposition of FOLIOAdvisor is compelling for the financial services professional. FOLIOAdvisor is in equal parts an investment vehicle and an investment technology that answers many of the challenges faced by the financial services professional in making the successful transition to the new advice business model from commission brokerage.


Taking a Page From a Survivor
Business Week

February 19, 2001 — “We’re getting capital, customers, and partners in an environment where dot-coms supposedly can’t get any of those,” [FOLIOfn Founder and CEO Steve Wallman] says. “I can only chalk it up to the power of our idea.”


Rising Numbers of Investors Make Social Goals a Priority
New York Times

February 11, 2001 — Socially responsible investing, as it is called by many investors no matter what their ideology, has been around for decades. But now, as it grows far more popular, it is becoming increasingly Balkanized, with offerings customized to many faiths and beliefs.


Online Stock ‘Baskets’ Target Mutual Funds: Individuals Can Customize Investments
Sacramento Bee

January 31, 2001 — Now, say advocates, the [financial services] industry is again evolving to enable investors to select a ‘FOLIO’ or so-called ‘baskets’ of stocks tailored to meet their individual needs while offering savings in transaction costs and taxes.


Folios Provide Alternative to Funds
Associated Press

January 23, 2001 — If you’re bored by mutual funds but nervous about owning individual stocks, you might want to consider an alternative known as FOLIOs.


Be Your Own Fund Manager
Business Week

January 19, 2001 — FOLIOs are baskets of stocks that, like mutual funds, offer easy diversification. But because you own the stocks directly, you have better control over your returns-and the taxes on them-than in a pooled fund.


Do-It-Yourself
Barron's

January 8, 2001 — Unlike shareholders in true mutual funds, whose portfolios are overseen by professional money managers, FOLIO investors own the individual stocks in their chosen funds and use their own judgment in purchasing or selling issues to take advantage of strategies such as market timing or tax-loss harvesting. That and the low cost of maintaining the funds give people lots of flexibility in handling their accounts.

Mutual Friends
Taking Stock

December 2000 — Gone are minimum investment requirements and expense ratio bills. Gone is frustration over lack of input in a fund’s selection. Gone is the ethereal sense of detachment from not actually owning the stocks. For a flat fee of $295 a year, consumers can assemble up to three baskets, or FOLIOs, each containing as many as 50 stocks Stocks can be selected by the consumer, or they can be chosen from a long list of specialty prefab portfolios. Once the basket is in hand, its purchaser can trade the stocks it contains, rebalance the FOLIO as often as desired, or trade it in its entirety. As long as trading is done during two daily time windows, there is no getting nickel and dimed every time a trade is made… As each purchase and sale is tracked as an individual tax lot, FOLIO picks the exact shares that minimize the tax bill.


Armchair Analysts
Access

November 26, 2000 — In addition to baskets of stocks, FOLIOfn lets you trade individual stocks commission-free It’s less than you’d likely spend on sales charges and management fees if you invested, say, $10,000 in a traditional mutual fund. If you trade individual stocks often, you’ll probably save even more, since most online brokers charge between $7 and $20 each time you buy or sell a stock.


Should You Build Your Own Index Portfolio?
USA Today

November 3, 2000 — FOLIOfn, an Internet brokerage, caused an enormous stir five months ago when it rolled out its new concept: Prepackaged baskets of stocks, called Folios, that investors can buy and trade for a flat fee. The concept: Investors can save on fees, keep taxes low and customize their portfolios. The idea has caught fire.


Folios: The Next Wave In Investing?
CNBC.com

November 2, 2000 — Imagine putting together a portfolio of 20 to 50 stocks and paying between $200 and $300 a year in brokerage fees for the privilege. Now imagine putting together two or three such portfolios and paying no additional charge.


Stock List Investing Just Got Easier
Mutual Funds Central.com

October 25, 2000 — Investors can now own personalized stock portfolios, or so-called synthetic funds, based on FORTUNE magazine’s America’s Most Admired Companies and The World’s Most Admired Companies lists. Just introduced by FOLIOfn, these baskets of stocks—or “Folios”—contain the Top 10 companies on FORTUNE’s list of America’s Most Admired Companies and the Top 25 companies on FORTUNE’s list of The World’s Most Admired Companies.


Personal Portfolios: A Rapidly Growing Alternative to Mutual Funds and Stock Picking
Tower Group Report

October 2000 — …by combining model portfolios with advice, trade execution, and favorable fee schedules, the personal portfolio firms are appealing to several segments of the individual investing community: disenchanted mutual fund investors, beaten-up stock pickers, frustrated capital gains tax payers, cost-conscious index fund investors, technology-savvy Internet investors, and others. Because personal portfolios have properties that mitigate at least some of the negative contributors to these segments, they are likely to gain traction very quickly.


Build Your Own Mutual Fund
Bloomberg Personal Finance

October 2000 — Today, with one click of your mouse, you can buy and sell fully diversified portfolios of hundreds of stocks… That’s simplicity.


Heroes: 10 Unsung Champions of E-finance
Money

October 2000 — Wallman is an innovator. At the Securities and Exchange Commission, he was an early proponent of decimalization… a soon to be initiated move that will save investors billions. Now he’s utilized the technology of the Web to shake up the mutual fund industry. At FOLIOfn, individuals can create and modify their own personalized portfolios of up to 50 stocks for a flat fee of $295 a year. Compared with funds, that’s a more flexible (and potentially cheaper) way to diversify… Says Wallman: “We want people to rethink the way they invest.”


FOLIOfn Touts a Better Way of Investing
CBS Marketwatch

September 25, 2000 — In a time when oil prices are souring, the euro is weakening and the stock market continues its volatile behavior, many investors might be looking for a different way to invest. "Steve Wallman, founder, chairman and chief executive officer of FOLIOfn says his company offers that way: a customized basket of stocks that an investor can own and control without a huge cost.


Doing Without Mutual Fund Managers: New Internet Firms Are Causing Ripples in the Industry with Offers of Do-it-Yourself Portfolios
Newsday

September 24, 2000 — So, are you ready to be your own fund manager? FOLIOfn makes it easy. It created 80 prepackaged Folios, which look like mutual funds. But unlike funds, FOLIOfn has no expenses, and there is no portfolio manager running the fund or making the capital gains tax decisions for you.


FOLIO Investing Puts Buyer in Driver’s Seat
Detroit News/Free Press

September 17, 2000 — Another advantage over mutual funds: The consumer manages the income-tax impact by controlling the buy and sell decisions.


Do-it-Yourself Mutual Funds
Boston Globe

September 13, 2000 — FOLIOfn… is the first firm to offer custom baskets of stocks that, essentially, replace funds. “Unlike a traditional fund—where capital gains generated by the manager’s trades become your annual headache—you control the Folio’s tax bill. You can sell losers, hold winners, and manage your money for maximum tax efficiency.”


Custom-made Mutual Funds
Best of the Web

September 11, 2000 —"…Say you’re a disciplined saver who has always invested $500 or $1,000 a month in diversified mutual funds. For $295 a year, FOLIOfn will spread your monthly contribution over three "Folios" containing up to 50 stocks each. That’s less than you pay annually to keep $25,000 in a typical managed no-load fund. You can create these Folios from scratch, or customize one of 75 templates on the site, each designed to match a certain style or sector, for example, large cap, aggressive growth, biotechnology. And if one of the stocks tank, you can do a little tax swapping—sell that stock for a tax loss and replace it with an equivalent one.


Now planners can pick baskets of stocks
Investment News

September 11, 2000 — FOLIOfn waded into the retail market three months ago and now has its eye on another pond—the institutional market.


A Closer Look at Build-Your-Own-Fund Web Sites
The Street.com

September 2, 2000 — [FOLIO Investing is] an intriguing idea and one that ties in nicely with the popularity of exchange-traded index funds… The stock baskets you build with FOLIOfn are a little like index shares. But…there’s a lot of flexibility in how you customize them.


Do-it-Yourself Mutual Funds
CNBC.com

August 28, 2000 — Low fees are only part of the advantage… When you buy one of these Folios, the underlying stocks are never traded unless you [make] the trade yourself. That gives the investors both control over their investments and control over their taxes.


Web Trading for Every Budget
Washington Post

August 27, 2000 — With each Folio, you can screen out (or in) and stock you choose. “If you want to sell, you can. You can weed our losers, or balance losers with winners for tax purposes. That flexibility is among the major advantages Foliofn has over mutual funds, where you have no control over the tax consequences of the manager’s buying and selling.”


A Tisket, A Tasket: New Sites Let You Put Together Your Own Baskets of Stocks
Barron’s

September 21, 2000 —One of the most intriguing features of Foliofn is the ability to rebalance your portfolio should market moves throw it out of whack… One FOLIOfn feature we’d like to see catch on is the ability to pay… by credit card, rather than having the fees deducted from your investment account.


Build a Portfolio on the Cheap
The Philadelphia Inquirer

August 15, 2000 — A new online service even small investors diversify their holdings for less than a broker would charge. And there are no account minimums.


Online Funds, Built to Order
The New York Times

August 13, 2000 — “There’s a lot of potential in the idea,” said John Rekenthaler, director of research at Morningstar, Inc. “Diversification with more customization, more ability to control one’s tax bill and potentially lower costs—that’s an attractive combination.”

FOLIOfn Envisions a Revolution
San Jose Mercury News

August 12, 2000 — Once considered a farsighted SEC commissioner, Steve Wallman now has launched an online brokerage that even competitors say could spark a ‘revolution’ in how investors buy and sell stocks and mutual funds.


FOLIOfn On Fire: Firm Makes Hot List
Washington Business Journal

August 11–17, 2000 — If FOLIOfn gets any hotter, it’s going to burst into flames.


Basket Weaver: Former regulator’s Web-based product could threaten the fund industry
Barron’s

August 7, 2000 — Move over, Charles Merrill, Charles Schwab, Edward Leffler. Make way for Steven Wallman, who at age 46 could join you in the annals of mass-market financial ground-breaking.


FOLIOfn Lets You Customize Your Own Portfolio
Morningstar

August, 2000 — You’ve probably heard about FOLIOfn, a company that lets you invest regularly in a customized portfolio for a low cost. In addition, it makes it easy for you to rebalance your portfolio. “… [I]f you’re a regular stock investor and you’d like to dollar-cost average into stocks of your own choosing, it is probably a good deal.”


Internet Innovator
Research Magazine

August 2000 — As the tough-talking, reform-bent Commissioner of the SEC, Steven Wallman gave speech after speech advising Americans to study up before making their investment picks.


Mutual Competition
Money Magazine

August 2000 — When Wallman says “We’ve combined the diversification benefits of mutual funds with the customized service of a brokerage to rethink how you invest,” he’s not kidding.


Fund’s New Rival: Web Sites for Trading
Chicago Tribune

July 30, 2000 — … [T]he FOLIOfn model has definite appeal for individual investors, many observers say.


Following the Money: Financial Services and the Net
Release 1.0

July 26, 2000 — FOLIO Investing is the kind of product innovation that investment banks and other firms have been developing for years for institutional investors, but which historically haven’t been available for individuals.


One on one with Steven M.H. Wallman
Investment News

July 24, 2000 — Steven M.H. Wallman spent several years as a Commissioner at the Securities and Exchange Commission wondering if there was a better way for people to invest in the stock market. Every time he delivered a speech on investing wisely, he’d go through the typical laundry list of advice: Read SEC filings, evaluate the share price, etc., before you buy any stocks.


Bye, Fidelity
eCompany

July 2000 — I recently stumbled across a Web-based financial innovation that I think really is potentially revolutionary … You can think of Folios as a sort of mutual-fund alternative for the new economy.


American Century Ventures Takes Stake In FOLIOfn
Dow Jones News Service

July 11, 2000 — American Century Ventures, the investment arm of American Century Investments (X.ACC), has bought an undisclosed stake in online financial services company FOLIOfn.


The Best of Both Worlds?
Business Week

June 12, 2000 — When Steve Wallman surveyed individual investors’ options from his seat on the Securities & Exchange Commission in the mid-1990’s, he didn’t like what he saw … So when Wallman left the SEC in 1997, he set out to create an investment vehicle that combines the diversification of funds with the advantages of individual stocks. The result is FOLIOfn, his Vienna (Va.) online brokerage.


Tax Smart Investing—The Taming of the Code
Forbes

June 12, 2000 — Then there’s FOLIOfn.com, an intriguing new service launched in May by former SEC commissioner Steven Wallman. For a flat $295 a year investors can maintain three ‘Folios’ with up to 50 stocks in each. You can build our own special portfolio or pick from dozens of prepackaged ones designed to mimic a stock index or a style (say large cap, or value), a sector or a certain level of risk.


Folios: A new way to invest — Online brokerage offerings are ‘intriguing’ fund experts say
CNN.com

June 2, 2000 — For those disenchanted with mutual funds—their cost, restrictions on when they can be bought and sold, once-a-day pricing or investors’ inability to control the tax bite they impose—there’s a new choice. FOLIOfn, a new online brokerage, seeks to give investors the advantages of stocks with the diversification of mutual funds.


Another way to sidestep mutual funds
MSN MoneyCentral

May 31, 2000 — For the annual fee, you get unlimited trading in three portfolios of up to 50 stocks each, with automatic reinvestment of dividends. Because FOLIOfn, a registered broker/dealer, makes the trades itself, portfolios can be assembled using fractional shares with regular monthly or quarterly investments.


Feel the need to pick your portfolio? Investors can try their hand as fund manager at affordable prices
USA Today

May 26, 2000 — [L]ike many things reserved for the very rich, having your own diversified stock portfolio had certain advantages … And thanks to the Internet, owning a portfolio of individual stocks isn’t reserved for the very rich any more … One interesting recent example is FOLIOfn (www.FOLIOfn.com), an Internet site headed by Steve Wallman, a former commissioner at the Securities and Exchange Commission.


Reinventing the return: PSINet chief on stock trading software: “I couldn’t stand it; I had to invest!”
Washington Business Journal

May 26—June 1, 2000 — Steve Wallman is a man on a mission. A soft-spoken former commissioner at the Securities and Exchange Commission wants to do no less than fundamentally tear apart traditional investing practices. Wallman’s company, FOLIOfn—the fn represents financial innovation—has created a completely new way to invest in stocks, and it has the potential to forever alter the global investment landscape.


Exchange-Traded Funds are Only the Beginning
Morningstar.com

May 19, 2000 — Lurking on the horizon are radical, Internet-based offerings that take the advantages for which ETFs were created—low cost, tax awareness, and liquidity—several steps further. Witness dot-com start up FOLIOfn, which sells the ability to construct, maintain, and monitor a personalized mutual fund (including commissions on all trades and the ability to make tax-related trades on command) at an all-in annual price of $295.

The Unmutual Fund: An Iconoclast Says He Has a Better Idea for Individuals
The New York Times

May 18, 2000 — Mr. Wallman says he has found a better and, in many cases, cheaper way for investors to create their own, customized baskets of stocks, which he calls Folios, and two months ago he started selling them over the Internet.


25 Hot New Companies
Fortune Small Business

May 2000 — Who better than a former SEC commissioner to show you how to customize your own mutual fund? Steven Wallman, who spent three years at the SEC spearheading the introduction of online trading, has started an online service called FOLIOfn. The service lets investors marry the diversification benefits of a mutual fund with the extra oomph of investors’ own stock picks … Backed with more than $75 million the company, based in Vienna, Va., “is definitely a David versus Goliath play” in taking on the mutual fund industry, admits Chairman and CEO Wallman, age 46. Wallman has the vision thing (“We want to change the investing world,” he says) and several additional online products in the works. Move over, Mr. Schwab.


The Online Finance 40—Steven Wallman, Chairman, FOLIOfn 
Institutional Investor

May 2000 — The ubiquity and easy access of the Internet play right into the hands of Steven Wallman, a former securities industry regulator whose latest venture, FOLIOfn, could give the mutual fund industry a run for its money. Says he, “I want to encourage things that help democratize financial services.” 

Buying stock a little bit at a time
Money

May 2000 — …FOLIOfn offers something different. For $295 a year you get access to unlimited trades…in what the company calls ‘Folios’ or preset baskets of as many as 50 stocks assembled to represent a particular industry, index or risk tolerance… The idea is innovative and Folios could provide easy diversification…


Do-It-Yourself Fund
Kiplinger’s Personal Finance

May 2000 — This Spring you’ll have access to a whole new way of buying stocks, which could be as revolutionary as former Vanguard chief John Bogle’s introduction of index funds 25 years ago. FOLIOfn, a new online company at www.FOLIOfn.com, will give investors the benefits of individual stock ownership with the instant diversification of mutual funds.


The Street.com

March 30, 2000 — FOLIOfn customers will be able to build their own customized portfolios or invest in any of about 75 created by FOLIOfn, which contain 20-50 stocks each. Some replicate the stodgy Dow Jones Industrial Average, while others buy Internet stocks or environmentally friendly companies. Investors will be able to customize these preset baskets of securities at any time.


Nothing itsy-bitsy about stock teenies
Op-Ed by Steven M.H. Wallman, USA Today

March 29, 2000 — Investors lose hundreds of millions of dollars a year to a centuries-old Wall Street practice: trading stock in fractions as opposed to decimals. This may seem like a small thing—a penny here and a penny there—but it adds up rapidly, and it comes directly from investors pockets.


Tired of trying to time the market? Founder of FOLIOfn touts a new way of investing
CBS Marketwatch

March 24, 2000 — Don’t want to pick your own stocks? Annoyed with mutual fund fees? Tired of trying to “time the market?” Steve Wallman, founder, chairman and CEO of FOLIOfn says he’s got a new spin on investing, a customized basket of stocks that an investor can own and control without a huge cost.


How to Pick a Discount Broker
The Motley Fool’s Ask FoolU

March 22, 2000 — One brokerage that is offering something slightly different is FOLIOfn. Hard to explain in this small a space, but worth a look.


Business Week

March 20, 2000 — Technology is also helping brokers pioneer creative ways to trade. Former SEC Commissioner Steven M.H. Wallman is launching a brokerage, FOLIOfn, that lets investors buy and sell packages of stocks—a ‘Folio’ of, say, 28 Internet stocks—for one fee.


Investing Without the Frenzy
Interactive Week

March 10, 2000 — A skeptic might fairly describe FOLIOfn, a new financial services company, as the perfect investment tool for Puritans. The company is setting itself apart by systematically stripping out some of the bells and whistles that have made day-trading so popular. The company is designed around the premise of investing in portfolios of companies, not individual stocks.


Who Wants to Manage a Fund?
The Industry Standard

March 6, 2000 — Steven Wallman wants to do to mutual fund managers what online trading did to stockbrokers: Push them to the sidelines. Wallman, a former commissioner for the Securities and Exchange Commission, has taken the wraps off FOLIOfn, the secret—and oddly named—financial-services startup he founded in 1998. The venture has lined up a product that aims to tip over the mutual fund industry’s apple cart: FOLIOInvesting, ready in spring, will let people create and manage their mutual funds online for the first time … FOLIOfn is taking an entirely new approach by charging a yearly subscription fee as low as $250 for an unlimited number of trades. Mutual fund managers find those low fees laughable. “They’re crazy,” says David Kugler, CEO of the Monument Funds Group. “I don’t understand how they’ll make money”… Wallman insists that not having to pay costly portfolio managers will help his bottom line, and that the electronic platform saves costs. “Their business model requires higher fees,” he says. “Ours doesn’t.”


Ex-SEC Whiz to Launch Online Service With a Twist
Wall Street Journal

March 2, 2000 — A former commissioner of the Securities and Exchange Commission who once was at the forefront of technological change at the agency is making a leap of his own into the New Economy. Steven M.H. Wallman is set to launch a securities firm, FOLIOfn, Inc., that he says will offer an innovative online service allowing customers to invest in groups of stocks in weights that can be preset, or customized according to the investors’ preferences. The new company has more than $75 million in start-up capital from investors led by PSINet Inc., an Internet service provider in Herndon, Va., and Mayfield in Menlo Park, Calif… The service offers the kind of diversification that generally requires holding a dozen or more individual stocks. But unlike a mutual fund that holds a portfolio of stocks chosen by a professional manager, the FOLIOfn portfolios can be adjusted to allow for tax-loss selling, overall risk, or other factors. It would allow investors to skip all tobacco stocks, for example.


Managing your own mutual fund
CBS MarketWatch

March 2, 2000 — A new Web site that launched Thursday virtually allows investors to make and manage their own mutual funds. While full-scale commercial service won’t be available until late April, visitors to FOLIOfn.com can view a demo of the operation.


FOLIOfn Launches Net-Based Financial Services
WashTech.com

March 2, 2000 — A new company with a different-looking name says it will offer “innovative online financial products and services to benefit individual (and smaller institutional) investors.” FOLIOfn launched its first Net-based offering and announced plans to develop other services at a news conference in New York City.


Netpreneur News

March 2, 2000 — FOLIOfn, Inc. launched with plans to develop an array of Internet-based financial services for individual and smaller institutional investors. The company unveiled its first offering, FOLIOInvesting, a tool that allows investors to buy and sell entire stock portfolios, known as Folios. Investors choose their risk or other personal investing preferences, then directly invest in portfolios that match those preferences. Founder and chairman Steven Wallman is a former Commissioner of the SEC. Backers include PSINet, Mayfield and Jefferson Partners.