The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Folio Lands Distribution Deal Not Rated 3.0 Email Routing List Email & Route  Print Print
Thursday, January 10, 2002

Folio Lands Distribution Deal

Reported by Sean Hanna, Editor in Chief

Folios certainly don't gain the recognition that they did just a year ago, but they may not get a tad more distribution. The Virginia-based startup has landed its first major distribution deal of the year. Quick & Reilly, the brokerage arm of FleetBoston Financial, will offer Folios to its customers.

The new product will be called "Q Folio Investing." The product is a specially tailored form of Folios, according to the two firms.

"Our customers are getting a unique version of FOLIO Investing that is personalized and integrated with their existing Quick & Reilly accounts," said Mike Quinn, senior vice president in charge of Internet Strategy and Management at Quick & Reilly, in a statement.

Folios, a form of stock basket, have been slower to catch on with investors than many in the fund industry once feared. Last year, both Fidelity and Charles Schwab created their own proprietary versions of the product to combat the perceived threat. Neither firm has been actively promoting the products, however.

The fund industry has also been pushing for the products to be regulated as funds. Currently they are regulated as securities but do not fall under the Investment Company Act of 1940.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use