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Loring Ward Added to Folio Financial's Third Party Model Manager ExchangeMCLEAN, Va., Nov. 14, 2019 /PRNewswire/ -- Folio Financial, Inc., a leading digital-first brokerage, custody and FinTech firm, today announced that Loring Ward, the Silicon Valley-based wealth management services provider, will add its DFA Series Global Portfolio models to Folio's Model Manager Exchange (MMX). Folio's MMX marketplace allows advisors to license equity, mutual fund, and ETF models from third-party managers, with no minimum investor account requirements, including on Loring Ward's DFA Series Global Portfolio models. Through MMX's simple subscription process, advisors get access to Loring Ward's wealth management team, wholesaler field support, behavioral finance support, business consultation services, financial planning services, and inclusion in their investor referral program. Advisors also enjoy account management through Folio, including fully integrated, comprehensive, and seamless real-time account opening, account billing, online client reporting, tax management, order management, trading, and a whole range of practice management and custody services, all with no ticket charges or commissions. "The addition of Loring Ward to MMX continues the march towards greater efficiency for advisors to allow them to add value to clients," says Steven Wallman, CEO of Folio Financial. "First, it allows advisors to further scale their practices by letting Loring Ward be the outsourced provider for asset allocation, rebalancing, and market commentary. Second, the Folio platform provides – seamlessly, and without an advisor needing to integrate, reconcile, negotiate with and manage multiple providers – the functions an advisor needs to manage their practice from billing and performance reporting to trade order and tax management. This way, advisors can focus on relationship-building and growth, all while lowering their costs." "We are impressed by the community of advisors that Folio Financial has attracted, and thrilled to provide these great advisors access to our evidence-based portfolios and insightful client communication resources," says Mike Clinton, President of Advisor Services for Loring Ward. "Our academically-based, real world-tested philosophy empowers advisors to stop defending the limitations of the traditional investment approach and liberates an advisor's time so they can focus their energy on helping clients reach their goals. We see an excellent fit between our portflios and the Folio Financial community." The seven portfolios in the Global Portfolio Series DFA Series, built with funds advised by Dimensional Fund Advisors (DFA), offer broad global diversification for advisors and their clients who seek to put the factors of return the drive capital markets on their side. With over 25 years of evidence-based investing experience, Loring Ward helps advisors manage or administer over $34 billion in assets. "Not only does the addition of Loring Ward expand our offering to advisors, but it aligns soundly with Folio's ongoing commitment to diversification, scalability, and efficiency," adds Greg Vigrass, President of Folio Institutional. "For advisors, working with Loring Ward is like outsourcing your CIO solution." About Loring Ward: Loring Ward (BAM Advisor Services d/b/a Loring Ward) is committed to creating a better wealth experience for Financial Advisors and their clients across the U.S. For more than 25 years, the firm has strived to do this by empowering Advisors with Investment and Advisor Solutions that can help increase the probability of delivering a great experience for their clients. We have a large network of independent Advisors in the United States and are located in Silicon Valley, California and St. Louis, Missouri. Loring Ward's Asset Class Investing philosophy is based on more than nine decades of data, analysis and research, insights from behavioral finance, and close relationships with leading academics, including Loring Ward Investment Research Committee Members Dr. Meir Statman and Nobel Laureate, Dr. Harry Markowitz. As of September 30, 2019, Loring Ward has more than $34 billion in assets under management or administration. For more information, please visit www.loringward.com. All named third party companies are unaffiliated with BAM Advisor Services d/b/a Loring Ward. About Folio Financial: View original content to download multimedia:http://www.prnewswire.com/news-releases/loring-ward-added-to-folio-financials-third-party-model-manager-exchange-300958742.html SOURCE Folio Financial |