![]() They can also help in educating a younger generation that has no income but can spare change or invest sporadically their cash gifts in stock shares that they could forget for a couple of decades. Blue chip shares that trade at prices of few hundreds ($200-$400) become inaccessible for young savers and for those in dollar cost averaging. Two main differentiating services are their infrastructure for those building Private Placement platforms or engaging in Private Placement offerings, and their fractional shares trading services for single stocks and ETFs.įractional shares are offered in more mature markets because they serve financial inclusion and lower cost. Folio Institutional was founded to serve advisors and other professionals with tools that lower costs, offer broader flexibility in allowable minimum investment sizes, and focus on optimizing after-tax returns and transparency. ![]() Minors can then open account that will be managed by their parents and the trade(s) will be executed from the online broker firm Folio Institutional. SparkGift, offers an easy UX for the receiver of a gift e-card. SparkGift givers are charged $2.95 for gifts up to $100 and 3 percent for gifts above $100. No need to worry about picking an amount that is a multiple of the stock investment or any KYC process and paperwork to open an account for them. The gift giver can pick a favorite stock investment (Apple stock, Tesla stock, Google stock, …) or a Vanguard classic (Vanguard’s Total Market Index Fund ( VTSMX) and the amount ($20, $50, …). SparkGift is a Fintech founded by ex-Google wallet employees. For your children or grandchildren, your nieces or nephews, your godchildren or any Gen Y that is on your gift list this year give each of them a FRACTIONAL STOCK SHARE for as little as $20. A cool Fintech gift to consider for these holidays comes in a festive electronic form or in a retail physical gift card format. ![]()
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