ALEXANDRIA, Va. -- Pentagon Federal Credit Union and FOLIOfn Investments, Inc. have partnered for an exclusive offer that allows members to buy or sell securities portfolios for $15 each.
Called "Folios," the accounts are baskets of up to 50 securities that can be purchased with no minimum investment. Investors can instantly own a diversified portfolio of securities and they control the holdings as well as timing of gains and losses without the fees and costs of mutual funds, according to FOLIOfn.
FOLIOfn Chief Marketing Officer Stan Craig said this is the first time the online brokerage firm has offered a "complete Folio for such a low one-time fee and with no monthly charges."
More than 100 Ready-to-Go Folios are available that invest in numerous sectors and investment styles. Members can also build their own Folios with stocks, funds or exchange-traded funds of their choosing, according to the company.
The nation's third-largest credit union, the $9 billion Pentagon Federal serves more than 720,000 members.