Steven Wallman

About Steven Wallman

The following relates to Folio Financial, Inc, the company I founded in after leaving my position as Commissioner, Securities & Exchange Commission. I subsequently became an Advisory Director at Goldman Sachs when it acquired Folio Financial, Inc. in 2020, and then retired from Goldman Sachs as of June 2022:The Mission of Folio Financial, Inc. was: To Deliver Innovation that Benefits Investors and Those Who Serve Them.Folio Financial, Inc, was a fintech and innovations company with a substantial number of \"firsts\" from fractional share portfolio investing, paperless account opening for advised and retail clients, automated tax lot inventory relief, in-account proxy voting, personalized mass-customization, and more, all available almost since inception in to our newly released fully customizable digital wealth and robo offering. Our patents include our TaxFootball(tm), that allows any-net worth investor and advisors serving them, to manage for tax results with a single click.Our direct to investor retail offerings, Folio Investing and Folio First, promoted smarter investing encouraging diversification, customization, and consistency with tax advantages and lower costs.Folio Institutional offered advisors a platform to manage their practice efficiently while delivering smart investing to their clients.Folio Digital Wealth Platform was our new state of the art, API driven advisor/broker-dealer platform offering multiple, fully customizable, programs on a single platform all of which can be \"robo\",\"hybrid\", or \"bionic-advised\" as the financial institution desires.ViaFolio was our new issues, digital, non-listed and private securities offering platform for cost efficient and streamlined offerings of these securities for REITs, SMBs and others.First Affirmative was our RIA subsidiary specializing in SRI investing and operated one of the largest and longest-standing TAMPS in the SRI space.The SRI Conference and Community, LLC operated the SRI Conference, the longest running conference devoted to advisors and others practicing SRI investing.Folio Investing, Folio Institutional and ViaFolio were offered by our wholly-owned subsidiary broker-dealer, custody and clearing firm, Folio Investments, Inc.

Experience

1. Founder and Director

   Cancollaborate

   Jun 2023 — Present

Education

• Massachusetts Institute of Technology

  Bachelor of Science (B.S.), Urban Studies and Planning

  1971 — 1975

• MIT Sloan School of Management

  Master's degree, Business Administration and Management, General

• Massachusetts Institute of Technology

  Master of Science (MS), Management

  1975 — 1976

• Massachusetts Institute of Technology

  Bachelor's degree, Physics, Urban Studies

• Columbia Law School

  Doctor of Law (J.D.)

  1975 — 1978