We offer general investing, retirement, corporate and trust accounts. View more account types here.
To open an account:
If you need an account opening link contact your advisor or broker.
To add an account:
If you live in more than one state, you will need to determine which is your permanent residence. All states have different definitions of permanent residency. For tax purposes, these definitions often depend on:
You may find more information on the state’s official website.
For federal tax purposes, you are considered a U.S. person if you are:
(Source: 2011 IRS Form W9)
A person is considered a resident alien if they hold an immigrant visa, also known as a green card, or they meet the substantial presence test. To meet the substantial presence test, a person must have lived in the US for:
Resident aliens may open an account with us.
A person is considered a non-resident alien if they are not a U.S. citizen and do not meet the resident alien guidelines above. Non-resident aliens cannot open accounts even if they have a current U.S. residence.
If a non-resident alien opens an account at Folio Financial, Inc., then moves out of the U.S., their account will be restricted. They will be asked to liquidate their holdings or transfer them to another brokerage.
Accounts are currently available only to U.S. Citizens and U.S. Permanent Residents with a U.S. address.
There is no required minimum account balance to invest on our platform. However, if your account is advised your Advisor’s Firm may have account balance minimums applicable to you.
To open an account, you must meet the following requirements:
The IRS notifies taxpayers if they are subject to backup withholding. Any of the following reasons may cause your account to be subject to backup withholding:
Important: If you have been notified by the IRS concerning your backup withholding status, you must state so when opening a Folio Investing account. If you are unsure of your backup withholding status, all questions should be directed to a tax advisor or the IRS.
Total Net Worth as defined by the Financial Industry Regulatory Authority is the value of your assets minus your liabilities.
Assets include stocks, bonds, mutual funds, other securities, bank accounts, and other personal property. Do not include your primary residence among your assets.
Liabilities include any outstanding loans, credit card balances, taxes, etc. Do not include your mortgage unless a portion of your mortgage debt is greater than the estimated fair market value of your residence, in which case include the amount in excess of the estimated fair market value. In addition, if you incurred additional mortgage debt in the last 60 days—other than as a result of the acquisition of your primary residence include that debt as a liability as well.
Liquid Net Worth as defined by the Financial Industry Regulatory Authority is your net worth minus assets that cannot be converted quickly and easily into cash, such as real estate, business equity, personal property and automobiles, expected inheritances, assets earmarked for other purposes, and investments or accounts subject to substantial penalties if they were sold or if assets were withdrawn from them.
Examples of liquid assets:
Assets that would not be included here are those that you cannot sell for a fair price quickly and easily. Examples of illiquid assets: