2006 Press Releases

FOLIOfn Promotes Greg M. Vigrass to Newly Created Position of President and CEO of FOLIOfn Institutional


VIENNA, Virginia – FOLIOfn Investments, Inc., recognized as one of the country’s most innovative online brokerage and investment companies, announced today that Greg M. Vigrass has been promoted to the newly created position of President and CEO of FOLIOfn Institutional.

Vigrass, formerly Executive Vice President and President of FOLIOfn Investments, Inc., has been with the company for more than three years. This appointment reflects the rapid growth the firm has seen in its institutional investment business, and FOLIOfn’s increasing focus on this market segment.

“Independent broker-dealers, RIAs and wealth managers contribute significantly to the success of FOLIOfn,” said Vigrass. “The creation of this new position is in direct response to the steady and strong growth of FOLIOfn in the Institutional marketplace. I am excited that we are committing even more attention and resources to these essential business partners.”

The company currently has over 175 Institutional business partners who manage client assets through FOLIOAdvisor. With an increased focus on servicing this rapidly growing segment of its business, FOLIOfn expects to significantly enhance its partners’ practices through its innovative and patent-protected trading and wealth management solution. In addition, FOLIOfn has made a significant investment in technology development that will roll out new functionality and scalability in 2007. That development promises to complement well this additional management and sales attention in the institutional space.

Vigrass’ financial services experience began 16 years ago. Before joining FOLIOfn, he was Vice President, Sales and Marketing for Globenet Capital Corporation. Prior to that, he worked for 10 years at Charles Schwab & Co., Inc., spending significant time in institutional sales and service roles at Schwab Institutional’s Services for Investment Managers (SIM) division.

“Greg has been a great asset to our business,” said Steven M.H. Wallman, CEO and founder of FOLIOfn. “More and more advisors are coming to appreciate the power, time savings and cost savings of managing money on our unique platform, combined with the palpable client benefits that our platform provides. Greg is one of the key reasons why we’re having so much success in informing and attracting these clients.”

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.