Chapter 24. Comparing Mutual Funds With Folios
Folios are designed to combine the diversification advantages of a mutual fund with the advantages of owning a customized selection of individual stocks.
Folios can serve as some type of substitute for owning mutual fund shares, but investors need to understand that these two alternatives are completely different.
There is no minimum amount for a folio account or trade, as there is with a mutual fund. Keep in mind that minimum account requirements have been rising for many mutual funds.
Mutual funds, as investment companies, are registered with the SEC. The SEC does regulate folios to some degree because the companies that sell folios are registered as broker-dealers or investment advisors, but the regulations ...
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