2016 Folio News
Folio Investing Absorbs Loyal3, Embraces Long-Term Investment Strategy
July 17, 2017 – It’s been over a month since Folio Investing absorbed the clients of the now-defunct brokerage, Loyal3, and so far, Folio Senior Vice President Peter Jacobstein is pleased with the transition.
What Do You Do When Your Firm Suddenly Acquires 200,000 Customers?
July 12, 2017 – Benzinga spoke with Senior Vice President Peter Jacobstein to discuss the firm’s genesis, its “buy and hold” philosophy and its new list of clients from the recently-shuttered Loyal3.
Standout features of 10 robos aimed at advisory firms
December 12, 2016 – Folio Institutional, one of the nation’s largest custodians, introduced its automated advice solution for advisers in 2014. Its digital platform offers clients access to exchange-traded funds, mutual funds and stocks, as well as dollar-based fractional share investing and window trading.
Robos to make banks a bigger competitor in advice market
December 2, 2016 – Navy Federal Financial Group, a unit of the $78 billion Navy Federal Credit Union, selected Folio Investing to provide online trading and a robo adviser for clients.
How to start investing if you have $100 or less
August 11, 2016 – The thought of investing can feel intimidating, particularly if you don’t have a lot of money to work with. But new apps and trading platforms are making it easy to start investing with as little as $5. And they can help you spread your risk across multiple stocks and bonds to achieve the kind of diversification you would have with a much larger portfolio worth thousands of dollars.
Local firm begins marketing $50M mini–IPO
August 8, 2016 – A downtown private equity firm has taken two big steps forward in its bid to create a publicly traded real estate investment trust.
The Five Best Investing Apps
July 29, 2016 – Not too long ago, Bankrate.com released a shocking survey. It showed that more than half of all Americans are not investing in the stock market. 52% of the adults in the U.S. have absolutely no stock investments.
Folio teams with record-keeping firm KTRADE ahead of DOL fiduciary rule
March 30, 2016 – Folio Institutional, a robo-adviser for financial advisers, has partnered with KTRADE, a record-keeping firm that focuses on RIAs, to offer plan sponsors and advisers a way to manage conflicts of interest and defined contribution plan costs.
Folio/KTRADE Partner to Offer Enhanced Plan Design
March 30, 2016 – The partnership will give DC plan sponsors and their advisers a better way to avoid conflicts of interest, manage plan costs and enhance participant services.
Recordkeeper, RIA platform team up on plan sponsor services
March 30, 2016 – Two firms have teamed up to tackle the triple whammy of conflicts of interest, defined contribution plan costs and participant services that will be highlighted when the Department of Labor’s fiduciary rule goes into effect.
New Breed of Eaton Vance Fund Is Thinly Traded In First Days
March 2, 2016 – Few shares of a new breed of actively managed fund are changing hands this week as it’s offered to financial advisers and retail customers for the first time. About 6,200 shares of Eaton Vance Stock NextShares fund had traded on Nasdaq by the end of the day Tuesday.
NextShares Active ETFs Launch With Limited Products, Distribution
March 1, 2016 – Exchange-traded funds just became a little more active, but more important, the fee-and-cost sandbag on actively managed products just became a little lighter. On Friday, Eaton Vance rolled out the first of its NextShares products.
Eaton Vance Launches a Brave New ETF World
February 29, 2016 – Tom Faust, chairman and chief executive officer at Eaton Vance, discusses the launch of the new First NextShares Fund and the merits of active and passive investing. He speaks on “Bloomberg Markets.”
Wealth Adviser Daily Briefing: Broker Doesn’t Have to Repay Promissory Notes
February 29, 2016 – A former Morgan Stanley broker doesn’t have to pay that company about $215,000 he owed on promissory notes, arbitrators ruled–a rare win for a broker in a case involving the use of such debt in brokers’ compensation packages, writes WSJ.com Wealth Adviser.
Eaton Vance comes to market with new type of low-fee fund
February 26, 2016 – A new type of investment fund starts trading on Wall Street on Friday amid hope from backers that it could become big enough to supplant traditional mutual funds. The Eaton Vance Stock NextShares is the first so-called actively managed nontransparent exchange-traded fund.
Eaton Vance gets debut date for NextShares funds
(Boston Business Journal)
January 26, 2016 – The first NextShares fund, an innovative hybrid between mutual and exchange-traded products developed by Eaton Vance, will hit the market at the end of February, the asset manager said Monday.
Eaton Vance’s New Breed of Fund to Begin Trading in February
January 26, 2016 – A new breed of fund with characteristics of both mutual funds and exchange-traded funds is set to begin trading in late February.
Eaton Vance Announces Rollout of first NextShares
January 25, 2016 – Eaton Vance announced Monday that its first NextShares product will start trading on the Nasdaq stock exchange Feb. 26.NextShares are actively managed hybrid ETFs that price once a day, like traditional open-end funds. Like other ETFs, NextShares will trade on the stock exchanges.
First Non-Transparent Active ETF to Launch in February
January 25, 2016 – The first exchange traded managed fund, a new fund structure that is a hybrid between an actively managed mutual fund and exchange traded fund, is set to launch Feb. 26. Eaton Vance, which developed the new structure, announced that its Eaton Vance Stock NextShares fund will list and trade on NASDAQ under the ticker EVSTC.
Eaton Vance Sets Date for First ‘ETMF’ Launch; Distribution Will Be Limited
January 25, 2016 – Fund company Eaton Vance (EV) has set a launch date for the first of its new, hybrid funds, which share characteristics of both mutual and exchange-traded funds.
Inexpensive Advice for Index and Exchange-Traded Fund Investments
(New York Times)
January 23, 2016 – Fund company Eaton Vance (EV) has set a launch date for the first of its new, hybrid funds, which share characteristics of both mutual and exchange-traded funds.
Folio Investing: Daydreaming in 2016
January 4, 2016 – It’s been two months since the SRI Conference in Colorado Springs but I’m still digesting content, like the potential of Folio Investing, and following up with other attendees. #AllinForImpact continues in San Francisco, Portland, Chicago, New York City, Boston and then Denver.