The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Mechanical Investing

URL:  https://boards.fool.com/foliofn-1116-acquired-first-affirmative-financial-34198267.aspx

Subject:  Re: Folio Investing Tax Witholding - Beware Date:  5/3/2019  9:26 AM
Author:  FLARAM Number:  274001 of 275341

Foliofn
11/16 Acquired First Affirmative Financial Network, an investment advising company. The firm manages
$1 Billion in assets serving 2,500 housholds. It produces the SRI Conference for advisors ( 28+ years).
https://www.investmentnews.com/article/20161101/FREE/1611099...

5/17 Acquired LOYAL3 200,000 brokerage accounts, moved them into FolioFirst.
https://www.prnewswire.com/news-releases/folio-investing-acq...
It appears that many of the LOYAL3 people where not too pleased based on web complaints. LOYAL3
had a large number of small investors that didn't trade frequently which didn't exactly match Folio's
platform advantages.

As mentioned previously Glassdoor's collection of Folio's employee reviews with a rather poor
1.9 out of 5 rating. They paint a picture of a CEO who micromanages and continually changes direction.
https://www.glassdoor.com/Reviews/Folio-Financial-Inc-Review...

I don't think they are about to close the doors but it appears they aren't focusing on the Foliofn part
of the business MI investors use.

RAM
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us