2002 Press Releases

FOLIOfn Platform to be used by John Hancock Advisers and Sovereign Asset Management Corporation


VIENNA, Virginia – FOLIOfn announced today that John Hancock Advisers and Sovereign Asset Management Corporation will manage model portfolios called Model Folios on the FOLIOfn platform. The two money management firms are part of the John Hancock Private Client Group and will make these Model Folios available to other advisory firms through www.folioadvisor.com, an advisor and managed account service.

The availability of these professionally managed model portfolios is the latest enhancement to FOLIOfn’s service. This service is at the forefront of the fast-growing Multiple Discipline Account (MDA) market. With FOLIOfn’s advisor service, financial professionals can open a single account for a client and “subscribe” the client to multiple model portfolios. This allows advisors to efficiently invest client assets in various styles and asset classes managed by different managers. Additionally, through this service advisors can customize each account to a much greater degree than available through other systems. For example, they have the ability to select the most appropriate money managers within specific asset-classes, tailor specific holdings according to individual client needs and invest in mutual funds, equities, ETFs, REITs, closed-end funds, and ADRs, all within the same account. Other benefits include a simplified workflow, which features automated reporting, account opening, advisor set up and more.

“The value we bring to the financial services industry is our investment expertise and our experience in the Privately Managed Account Marketplace ,” said Gil Baker, Sales Senior Vice President, National Sales Director of John Hancock Advisers. “We are delighted to be able to deliver that expertise via Model Folios.”

Initially, John Hancock Advisers and Sovereign Asset Management Corporation will manage five Model Folios. They join a growing list of money management firms that have signed up to manage Model Folios for various managed account programs on the FOLIOfn platform. State Street Research & Management, Nuveen Asset Management, Fred Alger Management, AIM Private Asset Management, 1838 Investment Advisers, and others have already agreed to manage Model Folios for Brinker Capital’s new FOLIOfn-based managed account program.

“We are especially pleased to be able to offer Model Folios managed by John Hancock Advisers and Sovereign Asset Management Corporation, which rank among the top managers in the industry,” said Steve Wallman, CEO and founder of FOLIOfn.

“Clearly, offering managed account services on our platform is gaining momentum, and that’s attracting top money managers,” added Wallman. “We expect that momentum to grow as the financial services industry continues to search for superior ways to offer these services.”

The new model portfolios will be available later in the quarter. FOLIOfn says it will continue to add more top-name money managers over the coming quarters.

FOLIOfn offers it services on both a full-service basis and technology licensed basis. Firms such as Brinker Capital, Quick & Reilly, and more than 500 credit unions have applications using FOLIOfn technology.

About Folio Investing

Folio Investing, a division of FOLIOfn Investments, Inc., is an online brokerage that enables investors to manage stocks, ETFs, and mutual funds as integrated investment portfolios called “Folios” that deliver better control, greater transparency, and lower cost. Investors can create their own Folios, much like creating personalized ETFs or mutual funds, or invest in over 100 Ready-to-Go Folios representing market indices, sectors, geographical regions, target dates, and more. The Folio Unlimited Plan features unlimited commission-free trading in twice-daily windows for only $29 a month or $290 a year. Ready-to-Go Folios can be managed or unmanaged, are not registered investment companies, and are offered by FOLIOfn Investments, Inc., a registered broker-dealer. FOLIOfn Investments, Inc. does not provide investment, tax, or legal advice. FOLIOfn Investments, Inc., is a member of FINRA/SIPC.