No. of Recommendations: 2
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).

5/17 Acquired LOYAL3 200,000 brokerage accounts, moved them into FolioFirst.
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.

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.

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