2015 Folio News
How to avoid IRA account missteps, misadventures and calamities
December 22, 2015 – This is the correct order of things: buy low, sell high. Don't be the person who panics and sells every time the market dips. “It is human nature to do this,” says Peter Jacobstein, senior vice president at Folio Investing.
Steve Wallman, Former SEC Commissioner & Founder of Folio Investing, Reflects Upon Title III Equity Crowdfunding Rules
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
November 4, 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
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
November 2, 2015 – By claiming robos may be unregistered investment companies, new report raises the stakes in fight for dominance.
How to buy stock to give as a gift
October 22, 2015 – It's nearly Halloween, and that means that the winter holidays are just around the corner! For any gift-giving occasions, secular or spiritual, a couple of new services let you buy and give the gift that keeps on giving: fractional shares of stock.* (*Gifts of stock are not guaranteed to keep on giving.)
Three super-easy ways to start investing today
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.
New startup makes stocks as easy to buy as gift cards
October 6, 2015 – From medical billing and investing to consumer banking and retirement saving, scrappy startups have managed flip just about every traditional financial service on its head. The latest innovation out of Silicon Valley is a company called SparkGift, which aims to make it as easy to gift someone shares of Apple or Tesla as it is to pick up a gift card. The company, founded by Peggy Mangot, began beta testing in March.
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
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
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.
Online Brokerage Folio Investing to Offer NextShares
(WSJ Money Beat)
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
September 8, 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
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
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
September 8, 2015 – “NextShares Touts First B-D Distribution Deal”
Eaton Vance Secures First Broker-Dealer For NextShares
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
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.
Diversification is Key: Folio Investing
August 31, 2015 – Steven Wallman, CEO at Folio Investing, advises investors to maintain a diversified portfolio and have a long-term approach to investing.
Why Rebalancing to Play off Volatility Can Boost Returns in Retirement Portfolio
August 13, 2015 – Investors should rebalance their portfolios based on the volatility of the market to increase the gains in their retirement portfolio.
Custodians and clearing firms ranked by number of clients
August 9, 2015 – New data gathered by InvestmentNews shows how these firms stack up.
Why Balancing Portfolios Are Important
(Business Bytes Podcast)
July 31, 2015 – Listen to Folio Investing Founder and CEO, Steve Wallman, discuss diversification for individual investors with Business Bytes podcast host Jonathan Berr. Skip ahead to the 34:50 mark of the podcast to listen to the discussion.
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
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
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.
FOLIOfn Eyes Creation Of A Robo-Adviser: CEO
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
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
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
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
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
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
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
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
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?
January 2, 2015 – Robo-advisors are hardly the predatory new agents of disruption that some have depicted them to be, Folio FN CEO and former SEC commissioner Steve Wallman told advisors at an Asset Managers Showcase event in Palm Beach Gardens, Fla., sponsored by Financial Advisor.