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Kathy King

Folio News


Trend of “Owning” Tax Avoidance Methods Grows in US
(by Lisa Lambert, Reuters)

December 27, 2007 — Texas lawyer Stanley Blend was stunned when someone mentioned tax patenting, the practice of declaring a tax strategy as a new invention and collecting royalties on it, at an American Bar Association meeting two years ago. more

In this story on tax patents, the Reuters references FOLIOfn’s tax patents.

Private individuals and financial firms such as Morgan Stanley own tax patents, as does the government-sponsored mortgage giant Fannie Mae. FOLIOfn, the brokerage started by former Securities and Exchange Commissioner Steven Wallman, holds four—more than anyone—notes the article.

Transamerica Financial Advisors Launches New SMA ETF Program
(by Alison Cooke, Planadviser)

October 1, 2007 — Transamerica Financial Advisors, Inc. is using FOLIOfn Institutional to launch Transamerica I-Series, a separately managed account program that uses exchange-traded funds (ETFs). more

The rollout, anticipated for late September, will initially consist of five ETF-based asset allocation portfolios developed for clients of Transamerica’s Investment Advisor Representatives. Eventually, the Transamerica I-Series offering will be expanded to include other ETF-based strategies such as core-satellite and target maturity portfolios, the firm announced in a press release.

“We created this program to satisfy the demand from advisors for a model-based ETF solution that was low-cost and provided broad diversification for their clients,” explained Sandy Brown, President of Transamerica Financial Advisors, in a press release. “The Transamerica I-Series strengthens Transamerica’s overall fee-based offerings and will attract new advisors to our Advisory programs.”

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