July 20, 2016

Clearing Firm

The assets in our client’s accounts are protected in a number of important ways, starting with our custodial and clearing firm, AXOS Clearing, LLC.

AXOS Clearing, LLC began as part of the Mutual of Omaha and evolved into the independent execution, clearing, settlement and custody platform known as Legent Clearing. Initially serving clients principally located in the Midwest, the firm expanded and developed its services to support a wide range of broker dealer clients in the USA and abroad. In 2011, Legent was acquired by COR Securities Holdings Inc. and in 2012 became AXOS Clearing, LLC.
As a member of many national security exchanges, AXOS Clearing, LLC has execution and clearance capabilities for all domestic and foreign securities including multi-currency settlement and reporting.

AXOS Clearing, LLC maintains memberships or participates with the following organizations:

SIPC protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

AXOS Clearing, LLC’s policy through Lloyd’s of London provides additional account coverage up to $24.5 million (including up to $1,150,000 in cash) per client as defined by SIPC rules. With both SIPC and Lloyd’s of London coverage, accounts are protected up to a total of $25 million per client (as defined by SIPC rules) including up to $1,150,000 for cash balances, with an aggregate limit of $100 million.

This coverage does not protect against the loss of the market value of securities.

For more information visit sipc.org or lloyds.com