What Does Folio Institutional Do?

Total employees1
HeadquartersMcLean
Founded2000

Folio Institutional was a financial technology company that provided innovative brokerage, custody, and clearing services, primarily catering to registered investment advisors (RIAs). Known for its fractional share trading, model portfolio capabilities, and flat-fee subscription pricing, Folio aimed to democratize investing and offer RIAs flexible, efficient tools. In May 2020, Goldman Sachs acquired Folio Financial, Inc., the parent company of Folio Institutional. The assets and technology of Folio Institutional were subsequently integrated into Goldman Sachs Advisor Solutions, enhancing Goldman's offerings to the independent advisor community.

Where Is Folio Institutional's Headquarters?

HQ Function

Served as the primary operational hub, housing executive leadership, technology development, client services, and business operations for Folio Institutional before its acquisition.

Notable Features:

Likely a modern office space within a corporate park, designed to facilitate collaboration and technological innovation, typical for FinTech firms in the Northern Virginia tech corridor.

Work Culture:

As a FinTech innovator, the culture likely emphasized technological advancement, client-centric solutions, agility, and a forward-thinking approach to financial services.

HQ Significance:

The McLean headquarters was central to Folio Institutional's development of its pioneering platform and its service delivery to thousands of investment advisors across the United States.

Values Reflected in HQ: The headquarters likely aimed to project innovation, efficiency, and a commitment to serving the independent advisor market through advanced technology.

Location:

Prior to its acquisition, Folio Institutional primarily focused on the U.S. market, serving American investment advisors. Now, as part of Goldman Sachs Advisor Solutions, its technology and capabilities are integrated into Goldman Sachs's extensive global network. Goldman Sachs has offices and operations in major financial centers worldwide, allowing it to support advisors with international clients or global investment strategies, although the core services derived from Folio's platform remain U.S.-centric for custody and clearing.

Street Address:

8180 Greensboro Drive, Suite 800

City:

McLean

State/Province:

Virginia

Country:

USA

Where Else Does Folio Institutional Operate Around the World?

Information on specific distinct 'other' office locations for Folio Institutional (beyond its McLean HQ) prior to acquisition is limited. Operations were largely centralized.

Address: N/A

N/A

Buying Intent Signals for Folio Institutional

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Folio Institutional? Meet the Executive Team

As of April 2025, Folio Institutional' leadership includes:

Steven M.H. Wallman - Founder and CEO of Folio Financial, Inc. (Parent of Folio Institutional)
Greg Vigrass - Former President of Folio Institutional
Adam Siegler - Co-Head of Goldman Sachs Advisor Solutions
Richard Lofgren - Managing Director, Head of Advisor Engagement & Experience, Goldman Sachs Advisor Solutions

Who's Investing in Folio Institutional?

Folio Institutional has been backed by several prominent investors over the years, including:

Bain Capital Ventures
FTV Capital
World Bank Pension Fund
Individual Angel Investors
Steven M.H. Wallman (Founder)

What Leadership Changes Has Folio Institutional Seen Recently?

Hire0
Exits0

Specific executive movements directly tied to former 'Folio Institutional' roles are unlikely post-acquisition integration. News would pertain to Goldman Sachs Advisor Solutions leadership. No major publicly announced hires or exits directly linked to ex-Folio functions within GSAS have been prominent in the last 12 months. General leadership changes at Goldman Sachs may occur.

What Technology (Tech Stack) Is Used byFolio Institutional?

Discover the tools Folio Institutional uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Folio Institutional Email Formats and Examples

Following the acquisition, employees integrated from Folio Institutional would adopt Goldman Sachs's corporate email format. Standard Goldman Sachs email formats generally use the pattern: firstname.lastname@gs.com.

[first].[last]@gs.com

Format

jane.doe@gs.com

Example

90%

Success rate

What's the Latest News About Folio Institutional?

Goldman Sachs Press ReleaseMay 14, 2020

Goldman Sachs to Acquire Folio Financial

Goldman Sachs announced it entered into an agreement to acquire Folio Financial, Inc., a leading execution, clearing, and custody technology provider. This acquisition is intended to expand Goldman Sachs's offerings for Registered Investment Advisors (RIAs) through its Goldman Sachs Advisor Solutions business....more

InvestmentNewsSeptember 10, 2020

Goldman Sachs closes Folio Financial deal

Goldman Sachs completed its acquisition of Folio Financial, marking a significant step in bolstering its services for independent financial advisers. The integration of Folio's technology and brokerage capabilities into Goldman Sachs Advisor Solutions was set to begin....more

Citywire RIAFebruary 1, 2023

Goldman Sachs Advisor Solutions has big hopes for its custody business in 2023

An update on Goldman Sachs Advisor Solutions, highlighting how the firm is leveraging the technology and capabilities acquired from Folio Institutional to compete in the RIA custody market, aiming to attract more advisors to its platform....more

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