2003 Press Releases

FOLIOfn Announces its Expanded Institutional Sales Efforts


NEW YORK, New York – FOLIOfn, Inc., an innovative financial services and technology provider, announced that it is dedicating new resources to its sales effort for FOLIOfn Institutional. Gordon Henderson has been appointed as President, FOLIOfn Institutional, responsible for licensing and offering FOLIOfn technology and technology services to larger financial services companies, including broker-dealers, insurance companies, mutual funds and banks. In addition, Greg Vigrass has joined as Vice President, Institutional Sales, and will be spearheading FOLIOfn’s sales efforts with financial advisors and advisory firms, money managers, and mutual funds and others participating in the Separately Managed Account (SMA) industry.

“We are pleased to have the opportunity to include industry leaders such as Gordon Henderson and Greg Vigrass on our team,” said Steven Wallman, founder and CEO of FOLIOfn. “We look forward to leveraging Gordon and Greg’s breadth of expertise to expand our business as well as better serve the needs of our existing clients and partners.”

Gordon Henderson, President, FOLIOfn Institutional, said, “FOLIOfn’s powerful technology platform offers an extraordinary range of possibilities and is one of the most cost-efficient and scalable solutions of its kind. Since it is such a unique offering that has already sparked great interest from large financial institutions, both domestically and abroad, I look forward to demonstrating its capabilities to a targeted group of leaders throughout the financial industry. My role is to build on FOLIOfn’s licensing successes of last year. As the platform can accommodate such a wide range of needs, from low cost retail investing to advised accounts to multiple-disciplinary accounts, it makes the range of possible licensees quite broad.”

Greg Vigrass, Vice President, FOLIOfn Institutional, said, “I am very excited to be a part of the FOLIOfn team and look forward to expanding our sales effort, especially to advisors and independent broker-dealers nationwide. Over the next 3 months, we will put a lot of energy into strengthening our offering to these market segments. It is our intention to actively work with firms in these areas to ensure we deliver focused, effective solutions.”

Prior to joining FOLIOfn, Mr. Henderson was Chairman of Global Trade Technologies, Inc., a leading enterprise solutions provider of bond trading systems, and Chairman and CEO of TradingLinx, an Internet delivered platform for achieving post-trade/pre-settlement Straight-Through Processing. Mr. Henderson was also Founder, Chairman, and Chief Executive Officer of BondNet Trading Systems, Inc. Mr. Henderson also founded Corporate Bonds, Inc., a member of the New York Stock Exchange, and was employed as Senior Vice President of the Chicago Stock Exchange. He has over 30 years of experience in the financial services industry.

Before FOLIOfn, Greg Vigrass served as Vice President, Sales and Marketing for Globenet Capital Corporation. Prior to that, Mr. Vigrass worked for over 10 years at Charles Schwab & Co., Inc. where he spent much of his time in institutional sales and service roles at Schwab Institutional. He has over 15 years of experience in the financial services industry.

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.