Folios are a cost-effective way for investors to create and manage a portfolio of securities, including stocks, mutual funds and ETFs. With a single click of the mouse, investors can create and manage multiple folios and trade them, up to twice a day, as a combined order. Rather than paying a commission on each individual trade, or paying a percentage of the total portfolio to a fund, using Folios can greatly reduce expenses. Using listed securities, actively managed mutual funds, index funds, ETFs and other securities, investors can purchase entire portfolios in a single transaction with no minimum, investing by dollar amount or number of shares.