After August 30, 2019, your account and statements will no longer be accessible through Swell Investing. All accounts will be closed and any remaining funds disbursed via ACH withdrawal or check. To view historical account statements and access year-end tax documents, you will need to log into Folio.
Click the LOGIN button and use your Folio Investments Login ID to access your account.
Note: You can find your Folio account username in the account closure email you received on August 30th, 2019
If you forgot or do not have a Folio Login you’ll need to follow the extra steps below:
Click Forgot Password on the LOGIN screen
You’ll be redirected to the Reset Password page where you’ll be asked to insert your
Folio username (folio investments Login ID) - If you do not have access to your Folio Username, click forgot username?
Social Security Number
Date of Birth
You should then receive a password reset email from Swell Investing, click on the button in this email to reset your password and login to Folio
If you do not receive a password reset email within 15 minutes, please contact Folio Support at 888-485-3456. Once you log in, you will be directed to Folios Statements and Tax Record page.
Which type of tax documents should I expect?
Depending on the type of account(s) you have with Swell, you should expect the following document(s):
For a Swell Flexible account (standard taxable account) with dividends or realized gains/losses, Folio Investments will post a Consolidated 1099. Please note that some taxable accounts will have 2 Consolidated 1099s this year.
For any IRAs (Traditional, Roth, or SEP) with any distributions/withdrawals (meaning that you have reached the age of 59½ and have begun taking money out, or you’ve taken money out early and are subject to penalties), Folio Investments will post a 1099-R.
For any IRAs with contributions/deposits, Folio Investments will post a form 5498 (this won't be available until late May 2020 because you can contribute to an IRA through mid-April). Please note that a Form 5498 is for informational purposes only. You are not required to file it with your tax return.
Brokerage services provided to former clients of Swell Investing LLC by Folio Investments, Inc., an SEC registered broker-dealer and member FINRA/SIPC.
Swell Investing does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on, for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.