THE ROLE OF YOUR CUSTODIAN
A custodian is a specialized financial institution that holds investors’ securities to minimize the risk of their theft or loss.
Custodians also offer other services including settling purchases and sales, reporting the status of assets, account administration, collection of dividends and interest payments, and tax compliance and reporting.
Financial Consultants Group uses Axos Advisor Services as custodian for your assets. Axos Advisor Services is an independent custodian and has been protecting the assets of investors since 1972. By using Axos’ technology platform, Financial Consultants Group provides the access, transparency and security you need to monitor your investments and feel confident in their safekeeping.
THE BENEFITS OF YOUR CUSTODIAN
At Financial Consultants Group, we understand your needs and offer technology and services designed to improve your investment experience. Using Axos’ technology, we offer you:
Access
Axos’ state-of-the-art account management tool, Liberty, marries power with convenience. Liberty delivers a robust variety of features without ever sacrificing ease-of-use. Your account portal grants you instant access to everything you need to know.
You’ll be able to:
Access all of your account information—including positions, transactions, gains and losses—in real time, all in a single, inviting, user-friendly interface.
Monitor your investment strategies, objectives and custom wealth plan.
Get the information you need, even on the go—your online portal is optimized for mobile devices and available 24/7, so you can securely access your information anytime from anywhere in the world.
Transparency
With our online account portal, you’re always able to see what you own, what you’re paying for it and how your investments are performing. We provide you with reliable access to your account information from any device, whenever you need it, enabling you to:
- Monitor performance, holdings, transaction history and more with complete transparency and real-time online access.
- Access quarterly statements.
- View of all your essential account information at a glance, including what you own and how it’s allocated.
- Download a wide variety of statements and reports, including a full year of account statements, four years of tax forms, long-term and short-term gain information, historical snapshots of your account balance and account data for import into third-party applications.
Account protection coverage
We understand how important your investments are and we are committed to the principle of safety and soundness. We believe protecting your account is the foundation of providing you value.
As your custodian, Axos is a member of the Securities Investor Protection Corporation (SIPC). Account protection coverage applies when an SIPC member firm fails financially and is unable to meet its obligations to securities clients. It does not protect against losses from the rise and fall in the market value of investments and it does not cover all assets. Individual investor accounts have $500,000 of coverage (including up to $250,000 for cash balances) provided by SIPC as defined by SIPC Rules (www.sipc.org).
Axos also has a policy with Lloyd’s of London (www.lloyds.com) that provides account coverage up to $99.5 million in the aggregate for all customer assets introduced to and held by Axos Clearing. With the combination of SIPC coverage and Lloyd’s of London insurance, accounts held by Axos Clearing are protected up to a total of $100 million in the aggregate, including up to $1.15 million for cash balances.
Axos Clearing also offers an FDIC-insured sweep account with asset protection up to $2.5 million.
