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."

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.