We do not hold your securities or cash...you control your assets.
All client assets are held by independent third-party custodians selected by each client. You may have one or more accounts at each custodian - broker or bank. You have full web access to those accounts. Once your web access is set up, you will be able to view your account holdings, monthly statements, trade confirmations and tax documents along with other features which include research and real-time quotes.
FOLIOAdvisor Account Significantly reduces costs while adding customization and full tax management capabilities.
Most of our clients sign up for accounts at Foliofn Institutional. FOLIOfn Institutional was created to provide our clients with a cost-effective way to own well-diversified portfolios.
Your investments are safe with FOLIOfn Institutional. FOLIOfn Institutional and its parent company, FOLIOfn, Inc. do not have any exposure to the current crisis gripping some of the players in the financial markets. Their only business is to provide service to advisors like Rapidan and clients like you. They do not do any proprietary trading, participate in the derivatives market or provide investment banking financing. They have not provided our clients access to Auction Rate securities. Simply put, they have not engaged in any of the business lines that are under attack today.
FOLIOfn Instituional carries both SIPC insurance, and additional excess SIPC insurance offered through London insurers.
In addition, we have a unique network of banks where any cash you or your clients hold is placed each night so that you enjoy the benefits of FDIC insurance on your cash — for up to $2.2 million in most accounts and up to $5.5 million in retirement accounts.
Mutual funds represent 50 year-old technology; the traditional Separately Managed Account (SMA) is 25 years old. Applying thoughtful use of current technology allows us to improve the solution for the client while meaningfully reducing the fees.
Traditionally, SMAs started at $100,000, cost about 100 bp before compensating the advisor or broker, and required about $1 million in investable assets. We chose to buck the conventional wisdom, however, with "a breakthrough solution" SMA requiring just a $15,000 investment and an all-in cost to clients of 100bp.