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Our Values:

We have built our company around core values:

We provide advisors, their clients, and other investors with leading-edge innovation, offering better ways to invest made possible by the power of technology.

We act with the highest possible integrity and openness. No matter what the issue, we do our best to provide full disclosure and eliminate jargon and legalese.

We promote smarter investing by enabling cost-effective and easy customization, diversification and tax efficiency, and by offering highly unique products and services designed to help all our customers become more successful investors.

Folio Investments, Inc. (Folio)

SEC Rule 606 Quarterly Order Routing Reports

In accordance with U.S. Securities and Exchange Commission (SEC) Rule 606, Folio is publishing this quarterly report on our order routing practices. The report provides information on the venues where we route our “non-directed orders” in NMS stocks that are submitted to us on a held basis. A “non-directed order” means that we decide where the order is executed, in contrast to “directed orders” where the customer decides where the order is routed. At this time, Folio does not accept directed orders, so all of our orders are non-directed. Furthermore, orders submitted to us for execution during our Trading Windows are not held orders and thus are not included in the reports. The only orders included in our reports are orders submitted to us for execution outside of our Trading Windows. We refer to these orders as “Direct Trades”. Please see our website for description of our Trading Windows and Direct Trades.

This report is divided into three sections for each calendar month in the quarter: one for NMS securities that are included in the S&P 500 Index as of the first day of that quarter (“S&P 500 Stocks”); one for securities that are not included in the S&P 500 Index as of the first day of that quarter (“Non-S&P 500 Stocks”); and one for NMS securities that are option contracts (“Options”). Folio does not presently support option trading. For each section, this report identifies the venues most often selected by us, shows the percentage of various types of orders routed to the venues, and discusses the material aspects of our relationship with the venues.

Current Quarterly Routing Report

Please click here for a copy of this report in .pdf format.

Please click here for a copy of this report in .xml format.

Historical Quarterly Routing Reports

First Quarter of 2020 (revised July 30, 2020 to update net payments received from Citadel for orders in S&P 500 stocks)

Please click here for a copy of this report in .pdf format.

Please click here for a copy of this report in .xml format.

©2020 by Folio Financial, Inc., a Goldman Sachs Company. All rights reserved. Brokerage, custody and clearing services are offered by Folio Investments, Inc., a registered broker-dealer and member FINRA/SIPC. Folio Investments, Inc. is a subsidiary of Folio Financial, Inc. Folios can be managed by an investment advisor or unmanaged and are not registered investment companies.
Folio Financial, Inc, and Folio Investments, Inc. are affiliates of Goldman Sachs & Co. LLC and subsidiaries of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management and financial services organization. The Goldman Sachs Group, Inc. and its subsidiaries and employees (collectively, "Goldman Sachs") are engaged in businesses and have interests other than the services provided by Folio Financial, Inc. and its subsidiaries.