2007 Press Releases

FOLIOfn, an Innovative Online Securities Firm, Seeking to Partner with Small to Midsize Broker-Dealers


VIENNA, Virginia – FOLIOfn, Inc., the innovative online brokerage and technology firm, announced today the completion of its acquisition of all the accounts of ex24 Inc. and its desire to acquire additional assets from other small to midsize broker-dealers.

“Because of our extraordinarily cost-efficient proprietary clearing platform we have the opportunity to expand our offering through acquisitions, partnerships or other relationships with small to midsize broker-dealers. At the same time we can offer those broker-dealers and their customers the depth of the unique FOLIOfn platform, the capability of our customized portfolios and other innovations,” says Steven M.H. Wallman, founder and CEO of FOLIOfn. “We are actively seeking other strategic acquisitions.”

FOLIOfn also provides custody and portfolio management solutions to registered investment advisors, managed account program sponsors and other financial intermediaries, who use FOLIOfn as a way to build, manage and deliver efficient and innovative model-driven investment and retirement solutions to their customers. “FOLIOfn has experienced tremendous (100% year over year) growth in the advisor channel over the last several years, and we expect that growth to continue,” says Greg Vigrass, President FOLIOfn Institutional. “The explosive results from FOLIOfn make it possible for advisors, and other intermediaries to offer highly customized, client-specific portfolios in a cost and time efficient manner across hundreds or thousands of client accounts.”

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.