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Folio Institutional finds its winning formula for RIA custody in specialized trading technology

Ability to allow advisors purchases of partial shares has applications in 401(k), model portfolios and investments in Berkshire Hathaway

Friday, January 21, 2011 – 2:23 PM by Brooke Southall
Admin:
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Greg Vigrass: We have some pretty rabid fans.

Related Moves

Goldman Sachs RIA custodian delayed indefinitely, as 'technical details' bedevil launch date

The clock is ticking on the New York City investment bank's strategic imperative to strike while TD Ameritrade and Schwab merge, but Goldman may be facing similar obstacles combining with Folio Institutional.

March 16, 2022 – 2:47 AM

Goldman Sachs lifts two superstar RIA recruiters from Schwab and Pershing, tipping hand on a big push into the RIA space, targeting early 2021 custody launch

The Wall Street B2B superbrand prepares RIA distribution and poaches Richard Lofgren and Bill Dalton -- with a TD Ameritrade hire potentially in the works -- months ahead of a harder launch.

October 6, 2020 – 11:25 PM


Mentioned in this article:

Folio Institutional
Asset Custodian
Top Executive: Greg Vigrass




Stephen Winks

Stephen Winks

June 12, 2017 — 9:48 PM
The industry's evolution custody services is changing as evidenced by the shrinking of trade execution cost. How much a RIA recruit contributes to the custodians trading desk profits and ancillary services will determine the economic viability of the custodian. The presumption that trading cost will be profit center rather than a cost center to be minimized is germane to whether the RIA is acting as an advisor or broker. If they are acting as an advisor there is great pressure to minimize trading cost in the client's best interest as is the case with institutional investors. Thus, leadership in the RIA channel is more determined by ancillary services than trade execution. Disruption is sure to follow. SCW

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