Axos Invest Firm Disclosures

Form CRS

The Securities and Exchange Commission adopted new rules requiring all SEC-registered investment advisers and broker-dealers with retail clients to create a Client Relationship Summary ("Form CRS"). The Form CRS is designed to help solve investor confusion over the differences between Investment Advisers and Broker Dealers. You may request a copy of this form, free of charge, by contacting us at support@axosinvest.com.

Axos Invest Inc.

Axos Invest LLC

Business Continuity Plan

Axos Invest has developed a Business Continuity Plan. If, after reading the following, you have questions about the Business Continuity Plan, please contact Axos Invest at support@axosinvest.com.

FINRA Brokercheck

BrokerCheck is a free tool to research the background and experience of financial brokers, advisers and firms. The tool allows you the ability to make informed choices about brokers and brokerage firms; gives you a snapshot of a broker's employment history, regulatory actions, and investment-related licensing information, arbitrations and complaints; and, tells you instantly whether a person or firm is registered, as required by law, to sell securities (stocks, bonds, mutual funds and more), offer investment advice or both.

Securities Investor Protection Corporation

The Securities Investor Protection Corporation, commonly known as the SIPC, is a non-profit corporation that has been protecting investors for 50 years. SIPC protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). You may obtain an explanatory brochure here or by dialing (202)-371-8300.

Privacy Policy

Axos Invest is required to communicate its policies related to the privacy of customer information. We are proud of our privacy practices and procedures and we want you to know how we work with your representative to protect your information and use your information to service your account. For questions on the Privacy Policy, please contact us at privacy@axosinvest.com.

California Consumer Protection Act Disclosure

The California legislature recently enacted the California Consumer Privacy Act of 2018 ("CCPA") — a law that relates to personal information about California residents. This Notice is provided to advise you of types of personal information that Axos Invest and or its affiliates may collect about you that may be covered by the CCPA and the purposes for which we collect such information. For questions on CCPA, please contact us at privacy@axosinvest.com.

Customer Identification Disclaimer

To help the government fight the funding of terrorism and money-laundering activities, federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account. When opening a client account, Axos Invest will ask for the name, address, date of birth and other information that will allow Axos Invest to identify each account holder. Axos Invest may also ask to see driver’s licenses or other Government issued identification documents. Axos Invest may share information obtained from me with third parties to verify my identity, in compliance with this federal law.

Responsibilities of Axos Invest & its Clearing Firms

As a matter of practice, Axos Invest takes the opportunity to communicate its responsibilities as an Introducing broker-dealer for its Managed Account and Self-Directed Account Programs.

Responsibilities of Axos Invest

Axos Invest has the responsibility to:

  • Approve the opening of your account

  • Obtain necessary documentation to help fight the funding of terrorism and money laundering activities

  • Service and supervise your account through its own personnel in accordance with its own policies, procedures, applicable laws, and regulators

  • Know you and your stated investment objectives

  • Provide appropriate investment advice, recommendations, or management services based on your investment objectives

  • Determine whether particular kinds of transactions such as margin, option, and short sale are appropriate for you

  • Obtain the initial margin as required by Regulation T if a margin account is opened for you

  • Accept and, in certain instances, execute securities orders

  • Know the facts about any orders for the purpose or sales of securities in your account

  • Comply with fair pricing and disclosure responsibilities (if your firm is a market maker in any securities or otherwise trades as principal with you)

  • Correctly identify and promptly forward funds or securities intended for your account to The Clearing Firms

  • Supervise the activities of any individual who services your account

  • Resolve any complaints regarding the handling of your account

  • Manage the ongoing relationship that it has with you

Our clearing firms, Apex Clearing Corporation & Axos Clearing LLC ("The Clearing Firms") have no involvement and assumes no responsibility in all of the above matters relating to the servicing of your account.

Responsibilities of our Clearing firms

In general, the Clearing Firms are only responsible for the services within the scope of the Agreement between Axos Invest and the Clearing Firm ("Fully Disclosed Clearing Agreement") that are provided at the request our request and contains specific direction regarding your account. As such, the Clearing Firms may fulfill the following responsibilities on behalf of your account:

  • Create computer based account records

  • Process orders for the purchase, sale or transfer of securities (The Clearing Firms are not obligated to accept orders directly from you and will do so only at The Clearing Firms' discretion in exceptional circumstances)

  • Receive and deliver funds and securities

  • Record such receipts and deliveries according to information provided either by your firm or directly, in writing, by you

  • Hold securities and cash in custody (after it comes into the Clearing Firm's physical possession or control) Collect and disburse dividends and interest

  • Process reorganization and voting instructions with respect to securities held in custody

  • Prepare and transmit confirmations of trades to you with the exception of the following transaction which will alternatively appear on account statements:

    • Systemic investments or withdrawals of investment company products

    • Transactions in money market funds that have no purchase or redemption fees

    • Dividend reinvestments

  • Prepare and transmit periodic account statements summarizing transactions

  • Provide your firm with written reports of all transactions processed for your account to enable your firm to carry out its responsibilities under the Fully Disclosed Clearing Agreement

  • Assist you and your firm with any discrepancies or errors that may occur in the processing of transactions

If at any time, Axos Invest approves a Margin account for you, the Clearing Firms may:

  • Loan you money for the purpose of purchasing or holding securities (subject to the terms of Clearing Firms' margin agreement, margin policies and applicable margin regulations)

  • Calculate the amount of maintenance margin required and advise you of those requirements (usually through your firm)

  • Calculate any interest charged on your debit balance

The Clearing Firms maintain the books and records required by law and business practice. The Fully Disclosed Clearing Agreement does not encompass transactions in investments other than marketable securities, which the Clearing Firms normally process on recognized exchanges and over-the-counter ("OTC") markets. In furnishing the Clearing Firm's services under the Fully Disclosed Clearing Agreement, the Clearing Firms may use and rely upon, not limited to, but including, the services of clearing agencies, automatic data processing vendors, proxy processing, transfer agents, securities pricing services and other similar organizations.

This document addresses the basic allocation of functions regarding the handling of your account. It is not meant as a definite enumeration of every possible circumstance, but only as a general disclosure.

The Clearing Firms do not control, audit, or otherwise supervise the activities of Axos Invest or its employees. The Clearing Firms do not verify information provided by Axos Invest in regards your account or transactions processed for your account. The Clearing Firms do not undertake responsibilities for reviewing the appropriateness of transactions entered by your firm on your behalf.

Axos Invest Managed Account Disclosures

Form ADV

You may review Axos Invest's registration that was filed with the Securities & Exchange Commission, known as Form ADV, through the Investment Adviser Public Disclosure website. Form ADV contains information about an investment adviser and its business operations.

Form ADV Part 2A

You may review Axos Invest's Investment Adviser Brochure, which discloses information about our firm. You will receive a copy of this at the time you open a Managed Portfolio Account with Axos Invest. You may also request a copy of this brochure, free of charge, by contacting us at support@axosinvest.com.

Order Routing Practice Disclosures for Managed Accounts (SEC Rules 606 & 607)

Pursuant to SEC Rule 606, our clearing firm for Managed Accounts, Apex Clearing Corporation is required to make publicly available a quarterly report with regard to its routing of non-directed orders.

Pursuant to SEC Rule 607, Apex Clearing is also required to disclose its payment for Order Flow practices. Apex sends certain equity orders to exchanges, electronic communication networks, or broker‐dealers during normal business hours and during extended trading sessions. Some of those market centers provide payments to Apex, or charge access fees depending upon the characteristics of the order and any subsequent execution. In addition, Apex may execute certain equity orders as principal. The details of these payments and fees are available upon written request. Compensation is generally in the form of a per‐option contract cash payment.

Terms of Use

Axos Invest, Inc. is a registered investment advisor that operates an advisory service, which interacts with Users and Clients through the website www.axosinvest.com and blog. By using the Axos Invest website, blog, and the collection of features, tools, technology, and software operated or offered by Axos Invest (collectively the "Site"), you agree to these Terms of Use.

Apex Clearing Legal Disclosures

Axos Invest Self Directed Accounts

Fee Schedule

Order Routing Practice Disclosures for Managed Accounts (SEC Rules 606 & 607)

Pursuant to SEC Rule 606, our clearing firm for Self-Directed Accounts, Axos Clearing LLC is required to make publicly available a quarterly report with regard to its routing of non-directed orders.

Pursuant to SEC Rule 607, Axos Clearing is also required to disclose its payment for Order Flow practices. Axos Clearing sends certain equity orders to exchanges, electronic communication networks, or broker‐dealers during normal business hours and during extended trading sessions. Some of those market centers provide payments to Axos Clearing, or charge access fees depending upon the characteristics of the order and any subsequent execution. In addition, Axos Clearing may execute certain equity orders as principal. The details of these payments and fees are available upon written request. Compensation is generally in the form of a per‐option contract cash payment.

Axos Clearing Legal Disclosures

Terms of Use

Axos Invest, LLC is a broker dealer that operates an online brokerage service, which interacts with Users and Clients through the website enrollment.axosbank.com and blog. By using the Axos Invest website, blog, and the collection of features, tools, technology, and software operated or offered by Axos Invest (collectively the "Site"), you agree to these Terms of Use.