#INTERACTIVEBROKERS FOLIO PRO#
With the transition to Interactive Brokers, Folio Investments individual clients can select from the IBKR Lite service plan, which offers unlimited commission-free trades on US exchange-listed stocks and ETFs and low commissions on other asset classes, or the IBKR Pro plan designed for more sophisticated investors and active traders. "With the transition to our firm, Folio Investments' former clients now will be able to invest in stocks, options, futures, currencies, bonds and funds worldwide from a single, integrated account."įolio's retail clients only had access to US-listed stocks and commission-free trading at scheduled times. "Interactive Brokers has long been recognized for its advanced technology, superior pricing, and breadth of product," said Interactive Brokers CEO Milan Galik. It will also provide Folio Investments' clients with many new benefits. The acquisition is expected to add approximately $3 billion in client equity. Client equity climbed to $268.7 billion, a 61% increase from the prior year. As of November 30, 2020, Interactive Brokers had 1.037 million client accounts, 52% higher than the prior year. Interactive Brokers looks forward to welcoming the approximately 70,000 current Folio Investments' self-directed customers to Interactive Brokers. Terms of the Interactive Brokers' account purchase, which is expected to close in January 2021, were not disclosed. Goldman will retain the clearing and custody services Folio Investments created for investment advisors. The deal follows Goldman Sachs' (NYSE: GS) purchase of Folio Financial on September 18, 2020. to acquire its self-directed retail brokerage segment. GREENWICH, CT, DecemInteractive Brokers Group (Nasdaq: IBKR), a global brokerage firm, today announced it has signed an agreement with Folio Investments Inc. © Copyright 2023 Jazz Wealth Managers, Inc.Interactive Brokers Acquiring Folio Investments Retail Brokerage Business and its subsidiaries and employees are engaged in businesses and have interests other than the services provided by Folio Investments, Inc.īy viewing this site you agree to our privacy policy. LLC and a subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management and financial services organization. Brokerage, custody and clearing services are offered by Folio Investments, Inc., a registered broker-dealer and member FINRA/SIPC. Investments or investment services mentioned may not be suitable for you, and if you have any doubts, you should seek advice from your investment advisor representative. You should be aware that investments can fluctuate in price, value and/or income, and you may get back less than you invested. This material is not to be construed as providing investment services in any jurisdiction where such offers or solicitation would be illegal.
The material is published solely for informational purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or investment product. The material contained herein has been prepared from sources and data we believe to be reliable but we make no guarantee as to its accuracy or completeness. Any historical returns, expected returns, or probability projections may not reflect actual future performance. Past performance is not a guarantee of future results. (CRD #282807 / SEC# 801-113840) is registered as an SEC registered investment advisory firm.
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