What happened to my motif account?
After ten years in the investment space, online brokerage platform Motif will be shutting down operations on May 20. The company notified users via email on April 17 in a message saying, “At this time, we've made the decision to cease operations and transfer your account to Folio Investments.”
What happened Motif Investing?
Motif Investing Customers Sold to Folio Investing
On April 17th, 2020, Motif Investing customers received an email informing them that the company was ceasing its operations. ... The platform pre-dated FolioFirst, which was built for former LOYAL3 customers and comes with a $5 per month fee.
Why did motif shut down?
Last week Walia announced that Motif was shutting down and all customer accounts were being transferred to Folio Institutional. The conventional wisdom is that they were a victim of the economic crisis brought on by the coronavirus global pandemic. We won't know for sure unless Walia provides us with the details.
Who took over Motif Investing?
Late last month, thematic brokerage platform Motif Investing informed users it was shuttering, but now Schwab is giving it new life, announcing this week it was acquiring the “pioneering” platform's technology and intellectual property, including algorithms, patents and source code in an all-cash transaction.
What is Folio Goldman Sachs?
NEW YORK, September 18, 2020 — Today Goldman Sachs (NYSE:GS) will successfully complete its purchase of Folio Financial, Inc., an execution, clearing and custody platform that serves independent Registered Investment Advisors (“RIAs”) across the wealth spectrum.
What is Folio com?
Folio has been an innovator since 2000, with 20 issued patents and more to come. We pioneered online account opening when others still insisted on paper. We were the first to use fractional shares in portfolio trading, and the first to allow dollar-based investing in stocks.
What is a Folio account?
In mutual funds, a folio number is a unique number identifying your account with the fund. Like a bank account number, the folio number can be used as a way to uniquely identify fund investors.