Company Information

Get to know FOLIO

Founded in 1999 by former SEC Commissioner Steven M. H. Wallman, Folio Financial, Inc. was a pioneer in the fintech space, offering retail and institutional investment services. The company was best known for its patented, folio-based investing approach, which allowed investors to create customized baskets of stocks, ETFs, and mutual funds. It was one of the first brokerages to offer fractional share trading, making it easier for individuals to build diversified portfolios with small amounts of capital. In May 2020, Goldman Sachs announced its acquisition of Folio Financial to expand its services for the Registered Investment Advisor (RIA) market. Folio's technology and clearing services have since been integrated into Goldman Sachs Advisor Solutions.

Industry

Stock BrokerPRIMARY
Financial Other Service

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FOLIO

Japan

Founded in

10 Dec 2015 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.