Bankers Systems of St. Cloud, Minn., is providing IRA services to FOLIOfn.com, an online investment company headquartered in Vienna, Va.

Services that Bankers Systems will provide include web-based IRA documents, administration services and training, said Susan Lewis, a spokesperson for FOLIOfn.com.

"IRA accounts are a key component of our service offering [and] Bankers Systems was a clear choice based on [its] flexible . . . products," Elizabeth Piper-Bach, managing director of brokerage activities at FOLIOfn.com, said in a statement.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.