“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. to acquire its self-directed retail brokerage segment. GREENWICH, Conn.-( BUSINESS WIRE )- Interactive Brokers Group (Nasdaq: IBKR), a global brokerage firm, today announced it has signed an agreement with Folio Investments Inc. 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.Interactive Brokers To Acquire Folio Investments Retail Brokerage Business from Goldman Sachs 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. Interactive Brokers CEO Milan Galik commented: Interactive Brokers says it looks forward to welcoming the approximately 70,000 current Folio Investments’ self-directed customers to Interactive Brokers. ![]() ![]() ![]() Goldman Sachs 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. (NASDAQ:IBKR) today announced it has signed an agreement with Folio Investments Inc. Electronic trading major Interactive Brokers Group, Inc.
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