Search company, investor...
Folio Investing company logo

Folio Investing

folioinvesting.com

Founded Year

1999

Stage

Acquired | Acquired

About Folio Investing

Folio Investing is the online brokerage where investors can create an unlimited number of diversified investment portfolios, called folios, to combine the benefits of direct stock ownership with the convenience of mutual funds. Investors can customize each folio with up to 100 stocks, ETFs, and mutual funds or choose from over 160 free, pre-made Ready-to-Go folios. Diversification is easy and accessible at Folio because investors can trade securities at any dollar amount-even less than a full share. Folio also provides patented tax management tools as well as access to private investment opportunities. Financial professionals can leverage these benefits for their clients using the Folio Institutional platform.On May 14, 2020, Folio Investing was acquired by Goldman Sachs. Terms of the transaction were not disclosed.

Headquarters Location

8180 Greensboro Drive 8th Floor

McLean, Virginia, 22102,

United States

703-245-5772

Missing: Folio Investing's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: Folio Investing's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Research containing Folio Investing

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Folio Investing in 3 CB Insights research briefs, most recently on Apr 21, 2021.

Expert Collections containing Folio Investing

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Folio Investing is included in 3 Expert Collections, including Wealth Tech.

W

Wealth Tech

1,882 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

C

Capital Markets Tech

834 items

Companies in the capital markets tech space are providing software and/or services for investment banks, hedge funds, investment managers, and so forth. Companies included use technology across the front, middle, and back-offices and streamline all pre- and post-trade operations.

F

Fintech

7,565 items

US-based companies

Folio Investing Patents

Folio Investing has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/10/2007

11/30/2010

Financial markets, Bankruptcy, Insolvency, Investment, Corporate finance

Grant

Application Date

9/10/2007

Grant Date

11/30/2010

Title

Related Topics

Financial markets, Bankruptcy, Insolvency, Investment, Corporate finance

Status

Grant

Latest Folio Investing News

Goldman Sachs bullish on custodian-brokerage Folio amid record consumer and wealth revenue

Jul 20, 2022

In contrast to many rivals, bank CEO David Solomon views the space as “an interesting opportunity.” Solomon made the remark during a July 18 quarterly earnings call after an analyst asked about the “evolution” of brokerage and custodian Folio Financial, which the megabank bought in 2020 . That unit, along with other parts of Goldman’s Consumer and Wealth Management division, drove record results for the bank in the second quarter. It beat Wall Street’s expectations handily, despite falling stock values and rising inflation. Analyst Devin Ryan of JMP Securities asked Solomon if Wall Street “should expect a more aggressive acceleration in the marketing” of the custodian in coming months and years, according to a transcript from AlphaStreet. “It’s something that we are focused on as an opportunity for the firm,” Solomon replied. “At this point, the resources and the size and the scope of that are relatively small. But I think as we look forward over the course of the next three years to five years, it will be an area that we see opportunity in and we will turn more focus to expanding.”  Scroll down the slideshow to see the key wealth management takeaways from Goldman’s earnings for the second quarter. For a look at results across the entire megabank, click here . To see the most important wealth management takeaways from the prior quarter, follow this link . Note: The firm doesn’t disclose metrics specific to Goldman Sachs Personal Financial Management, the home of the rebranded United Capital , an RIA the megabank acquired in 2019. It includes the firm’s private bank and workplace planning channel, Ayco. Each of the metrics below refer to the Consumer and Wealth Management segment, which includes those divisions as well as Folio Financial and high-yield savings and loans from online bank Marcus. Assets under supervision The Consumer and Wealth segment’s client assets remained basically flat from the same time a year ago, with the amount ticking down by $1 billion to $671 billion amid falling stock values. Across Goldman Sachs' entire assets under supervision, wealth managers comprised 27% of the total, with institutional investors making up 37% and other third parties at 36%. Growing wealth management business Net revenue for Goldman’s wealth manager jumped 13% year over year to $1.57 billion in the second quarter. Higher revenue from private banking and lending balances and rising management and placement fees pushed the business higher in the period. Management fees and other types of charges rose 10% to $1.22 billion. Record Consumer and Wealth revenue The Consumer and Wealth segment’s net revenue soared by 25% from the year-ago period to a record $2.28 billion in the second quarter, marking the third quarter in a row with a new high for business in the division . Goldman generated 18% of its overall quarterly net revenue through the segment. The bigger business from the consumer side of the segment stemmed from “significantly” higher credit card and deposit balances, according to the firm. Economy Solomon has said the chances of a recession or “some sort of an economic slowdown” are high , based on inflation and a tightening of capital during the recent stock slump. In his prepared remarks at the beginning of the call, he said that inflation is “deeply entrenched in the economy.” Although CEOs of multinational companies have told Solomon that their supply chains remain stressed by inflation, Russia’s invasion of Ukraine and the pandemic, the firm’s economist has told him there are signals that pricing pressures could abate in the second half of 2022. “The answer is uncertain and we will all be watching it very closely,” Solomon said. “Given all of this, we are seeing shifts in monetary policy and those shifts will continue to tighten economic conditions. I expect there is going to be more volatility and there is going to be more uncertainty.”

Folio Investing Frequently Asked Questions (FAQ)

  • When was Folio Investing founded?

    Folio Investing was founded in 1999.

  • Where is Folio Investing's headquarters?

    Folio Investing's headquarters is located at 8180 Greensboro Drive, McLean.

  • What is Folio Investing's latest funding round?

    Folio Investing's latest funding round is Acquired.

  • Who are the investors of Folio Investing?

    Investors of Folio Investing include Goldman Sachs, Nomura Holdings, SS&C Advent, American Century Investments, Jefferson Partners and 3 more.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.