FOLIOfn, an Innovative Online Securities Firm, Seeking to Partner with Small to Midsize Broker-Dealers

FOLIOfn, Inc., the innovative online brokerage and technology firm, announced today the completion of its acquisition of all the accounts of ex24 Inc. and its desire to acquire additional assets from other small to midsize broker-dealers.

Vienna, Va. (PRWEB) June 2, 2007 -- FOLIOfn, Inc., the innovative online brokerage and technology firm, announced today the completion of its acquisition of all the accounts of ex24 Inc. and its desire to acquire additional assets from other small to midsize broker-dealers.

"Because of our extraordinarily cost-efficient proprietary clearing platform we have the opportunity to expand our offering through acquisitions, partnerships or other relationships with small to midsize broker-dealers. At the same time we can offer those broker-dealers and their customers the depth of the unique FOLIOfn platform, the capability of our customized portfolios and other innovations," says Steven M.H. Wallman, founder and CEO of FOLIOfn. "We are actively seeking other strategic acquisitions."

FOLIOfn also provides custody and portfolio management solutions to registered investment advisors, managed account program sponsors and other financial intermediaries, who use FOLIOfn as a way to build, manage and deliver efficient and innovative model-driven investment and retirement solutions to their customers. "FOLIOfn has experienced tremendous (100% year over year) growth in the advisor channel over the last several years, and we expect that growth to continue," says Greg Vigrass, President FOLIOfn Institutional. "The explosive results from FOLIOfn make it possible for advisors, and other intermediaries to offer highly customized, client-specific portfolios in a cost and time efficient manner across hundreds or thousands of client accounts."

About FOLIOfn
FOLIOfn is an innovative online securities firm that provides a patented platform allowing investors to economically create and manage a diversified portfolio. Using listed securities, actively managed mutual funds, index funds, ETFs and other securities, investors can purchase entire portfolios in a single transaction, with no minimum, investing by dollar amount or number of shares. The company also provides a comprehensive platform for more than 150 registered investment advisory firms, independent broker-dealers, and money managers through its FOLIOAdvisor service. Founded by former U.S. Securities and Exchange Commissioner, Steven M.H. Wallman, FOLIOfn has grown into one of the largest brokerages by number of trades handled in the U.S. For more information please visit www.foliofn.com.

Media Contacts
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Kristen Roman kristen @ assadi.com
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