Folio serves investors of all kinds – from individual customers to some of the largest financial firms in the United States. We look forward to serving you. It gives you access to all features of the Unlimited Plan--you can invest in as many folios as you want, in as many accounts as you need, with up to 2,000 commission-free window trades each month. Brokerage, custody and clearing services are offered by Folio Investments, Inc., a registered broker-dealer and member FINRA/SIPC. Somehow it didn't add up that Motif was merely selling accounts to Folio, and Motif CEO Hardeep Walia had nothing to say about 10 years in business where many things went right. Toll Free: 1.888.230.5635 International: 703.245.5820 Fax: 703.245.5850 Contact Us. Welcome to Folio Investing! RIAs using Motif had until May 12 to decide whether to stick with Folio or transfer Motif accounts to another broker-dealer or custodian ahead of the May 20 transition. Folio Investing supports as many accounts as you need under your single login, all covered by the discounted monthly or annual fee. Users were notified on Friday that the firm, with ties to Goldman Sachs Asset Management, will transfer client assets to Folio Investing. The platform pre-dated FolioFirst, which was built for former LOYAL3 customers and comes with a $5 per month fee. Your account will be restricted if you did not e-sign the customer agreement. Motif Investing is closing down, but not before selling its RIA and retail accounts to Folio Institutional, according to a letter delivered on Friday (Apr. Here's why you should 17) by firm co-founder and CEO, Hardeep Walia. Brooke's Note: Mysteries solved. Like Motif, M1 enables you to construct your own portfolios of stocks and ETFs or select from premade portfolios set up for different investing themes like risk tolerance, time horizon, industry focus, etc. Motif Investing was once a close competitor that offered similar portfolio-based products with a $9.95 commission charge per portfolio. Pershing can be contacted at 1-201-761-5499 with your questions and requests for tax forms. Folio Investing has been a leader in online brokerage since inception in 2000 and we have built a reputation of innovation, client-centricity, and our enduring commitment to building smarter, better investors. Your monthly fee is deducted from the cash in your account, with the first deduction expected to occur between June 12 and June 15, 2020. Before M1 Finance, I considered Motif Investing. To close your account, please Log In to your Folio Investing account and click Settings in the right column. Folio Investing does not charge account termination fees on brokerage accounts unless you are using account transfer (see below). The most similar brokerage firms to Folio Investing are M1 Finance and Motif Investing. Your email platform might have flagged us as an unknown sender and placed the emails in your Junk or Spam folders. As you know, Motif referred to these portfolios as “Motifs.” We call them “Pies.” You can create as many Pies as you’d like, for free. Folio serves investors of all kinds – from individual customers to some of the largest financial firms in the United States. The Pricing Plan column on the right side identifies your pricing plan. It's not even in the News section of the website so I'm guessing it is breaking news. Folio Investing gives the investor a lot of control, which may not be ideal for those who may need to be more thoroughly guided through the online investing and folio process. Folio Investing offers well over a thousand mutual funds, all for no transaction fee with no loads. Please see our site for Pricing Plan details—but note, that your special rate is not publicized on this page. Click on your pricing plan name to view details, including your next billing date. Motif is a young firm that has gotten a lot of media coverage for enabling investors to build, track, invest in, and manage portfolios of individual stocks. See the Brokerage Features page for all of Folio Investing's offerings--securities, accounts, products and more. Compared to the competition, their flat-fee pricing is enticing to users who might not be well-versed in the online brokerage realm. The website says to email support to downgrade w/ a $4ea security fee (yup, more fees!) Motif is a young firm that has gotten a lot of media coverage for enabling investors to build, track, invest in, and manage portfolios of individual stocks. Folio Investing has 2 different plans with commissions and fees as follows: Folio Investing Basic Plan: $4 trade commissions; $10 fee per order; $5/mo. Managing marketing strategy and communications for Folio Investing website, email and social with regards to 2020 Motif Investing acquisition. Yes, your fractional shares will transfer intact and will not result in a taxable event, unlike the potential tax impact you may incur by moving to another brokerage. Chris DeMuth, a money manager and well-followed contributor at Seeking Alpha, recently published an overview of Motif Investing. If such OTC Pink or Bulletin Board securities are transferred to Folio Investing, then they will generally be setup with a Sell Only restriction -- meaning that you can sell them but cannot buy more. You may find the online Help Center particularly useful. The Goldman Sachs-Folio deal was in the works long before Motif entered troubled waters. Folio Investing, having started as FOLIOfn before the turn of the millennium, has longevity in its field. Folio Automatic Investing Plan Folio Investing allows automatic investments, so it’s possible to use dollar-cost averaging to periodically purchase more shares of folios. Motif portfolios will be moved over to Folio Investing that has been competing with Motif. You will receive two tax documents for 2020, one for the portion of the year your account was at Motif, and another for the portion of the year your account is at Folio Investing. It appears the Motif Investing customers will go to the Folio Investing platform, not the FolioFirst platform. Chris DeMuth, a money manager and well-followed contributor at Seeking Alpha, recently published an overview of Motif Investing. We've accomplished that by adhering to our five key principles Diversification, Cost Reduction, Customization, Consistent Investing, and Tax Minimization. If your cost basis information is absent, you will need to enter this information on your new Folio Investing account. Last month, Motif deepened its ties with Goldman Sachs, ringing the opening bell of the New York Stock Exchange in celebration of launching five new ETFs in partnership with the bank. So, whether you have 1 account or 100 accounts, 1 folio or 100 folios, it is still the same discounted fee. If you still cannot locate these emails, you will find all of the information from these emails on this FAQ page. The special rate is the discounted pricing that we are making available to Motif customers only. Motif is a young firm that has gotten a lot of media coverage for... Read More. Motif Investing, Inc. operates as an online broker. If you’re here, you probably already know Motif Investing is closing and you’re probably researching alternatives. But where Stockpile focuses on brand new and beginning investors, Motif is best for experienced investors looking to hone a strategy, learn from other investors’ public Motifs, and build out a winning portfolio. As mentioned in Motif’s statement to its users, the company is transferring users’ accounts to Folio Investing. Motif Investing announced in an email to retail investors on April 17 that it would suddenly be closing after 10 years, a shock to members of Motif. Folio Investing charges one very low fee for a comprehensive range of services that includes trades in multiple accounts, multiple folios (our name for motifs), fractional shares, dollar-based investing, patented tax management tools, and many other features and benefits. Yes, if your cost basis information is on your Motif account on May 20, 2020, it will transfer over to preserve tracking of short- and long-term capital gains/losses. Both Motif and Betterment might be better options for very small investors based on their fee structure. ©2020 by Folio Financial, Inc. All rights reserved. Like Stockpile, Motif is great for education and learning about investing. There weren’t any additional fees, but it was still lacking in comparison to Folio. Q1: What do you think of Folio Investing compared to M1 Finance? When I started this Motif review, I already knew that the best way to invest might also be the most boring way to invest. Missing is mutual funds, which is a disadvantage compared to Folio. Folio Investing supports an unlimited number of folios (previously motifs) in each customer account. To obtain your new username, please visit the Folio Investing Log In page, select Forgot Username, and follow the on-screen instructions. For people interested in an easy-to-use alternative, we recommend considering M1 Finance. Note, tax consequences may apply. Charles Schwab has agreed to buy some of the remains of Motif, the portfolio management company that told clients in April it was ceasing operations and transferring them to Folio Investing. Select from the options offered and follow the on-screen instructions. You can change this setting on Folio Investing site at any time. Yes, you are able to set target weights for each folio, which will streamline the process of purchases and sales across your folios. You will receive an email with your username*. account fee for accounts with fewer than 3 trades per quarter (3-month period) Folio Investing Unlimited Plan: 2,000 commission-free trades per month, and $0.50/trade after that; $3 fee per order Existing accounts will be transferred to Folio Investing. Courtesy of M1 Finance. At M1 Finance, customers build Pies, which are baskets of stocks and ETF’s. And, Folio Investing offers many features for managing your new folios including—dollar cost averaging, rebalancing, and weighting options. When you qualify, we offer margin borrowing, enabling you to purchase additional eligible securities (including fractional shares of securities in a folio) without depositing additional funds, based on the securities you already have in your eligible account. At no additional cost to you, if you choose to make a purchase or sign up for a service after clicking through those links, I may receive a small commission. You can directly access statements, holdings, trade confirmations, tax documents, tax lot details, proxy information and more. Motif negotiated a price discount with Folio, from $29 down to $19.95 per month. Contact Us. Motif was founded in … Let’s ensure you have your account set up exactly as you want and get you comfortable with our offering. A broad offering including just about every U.S. exchange traded security and ETF, plus over 1,100 no-load mutual funds, along with over 100 pre-made portfolios (called Ready-to-Go™ Folios), Filter options that allow you to own only what you want. Nevertheless, it did develop its platform over time, rolling out a robo service in 2016, socially-conscious investing in 2017, and market-linked CDs in 2019. April 23, 2020 – Greg Vigrass, president of Folio's institutional business, said that Motif account holders should enjoy a similar experience on the Folio platform. Better known as The Folio Advantage™. Welcome Motif Advisors! Investors can also customize their motif mix for asset allocation and blend of investments that work best for their needs or interests. Decide what type of folio you want to create: The Pricing Plan column on the right side identifies your pricing plan. Select. Note, a $100 ACAT transfer fees will apply for a full account transfer. Scroll down to the account and click Close My Account and follow the on-screen instructions. No specific reason has been given for its sudden closure. It was the platform advocated by financial guru Paul Merriman. No, you will need to login to your new Folio Investing account and permission those people onto your account, after they have setup their own account with Folio Investing. You may change this option at any time. It was not a social trading platform. While others were still working with paper, Folio propelled investors to the internet. Motif Investing selected Folio Investing to give you access to leading investment tools in a similar experience to what you’ve enjoyed at Motif Investing. M1 Finance is probably the best one. Once you have your username, you may create a password. ACH withdrawals (up to $25,000 over a 30 calendar-day period). Motif, which raised approximately $126 million in funding since it launched in 2012, is just the latest independent digital wealth manager to either close or be acquired. Q1: What do you think of Folio Investing compared to M1 Finance? To preserve your Motif portfolio view, you will want to take a snapshot or download your motifs prior to the transfer date.". Folio Investing, Motif, and Tailored Portfolios. The website's functionality has a great deal of power and features, some of which would be lost in an app. Investors will be transferred to a Folio Investing Unlimited plan and charged $19.95 per month, a discounted fee from the usual $29 negotiated by Motif. Folio Investing was one of the first companies to head into online brokering, according to the company. M1 Finance is very similar to Motif Investing, and has more attractive features than Folio Investing. 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