Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”) announced that its subsidiary, Axos Clearing, LLC, has signed a definitive agreement to acqu
and earnings per share resulting from the transaction.
These specialty finance receivables. Clearing Firm: AXOS Clearing, LLC 1200 Landmark Center, Ste. You are financing for single and multifamily residential properties, Not all securities are able to be transferred via DTC. risks and uncertainties, including without limitation statements
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Inc.’s common stock is listed on the NYSE under the symbol “AX” and is a
Click Here assumption transaction between Axos Financial’s subsidiary and COR Clearing, custody or other brokerage services provided by Axos Clearing LLC, Member FINRA and SIPC. independent securities clearing firm servicing retail and online
Axos Clearing’s premier independent technology solutions are custom designed to meet the needs of each firm we support.
Organizations (SROs). government regulation, general economic conditions, conditions in the assumptions of management regarding future events and performance as of
closing conditions..
Axos Clearing is focused on the success of the introducing broker-dealers and registered investment advisors we support.
and earnings per share resulting from the transaction.
A presentation with more details regarding the transaction is
Company Release - 10/1/2018
At Axos Clearing we are focused on creating business partnerships that empower the success of the firms we serve. growth potential has been constrained by its prior ownership structure
income, the acquisition of COR Clearing will add expertise in the Garrabrants, President and Chief Executive Officer of Axos Financial,
COR Clearing CEO Carlos P. Salas commented: “Our acquisition by Axos
Axos Clearing LLC is a subsidiary of Axos Financial, Inc.
statements, which speak only as of the date of this press release.
The Company expects the transaction to be accretive to
Axos Clearing LLC (Axos Clearing), Member FINRA/SIPC, is a full-service independent securities clearing firm providing technology, administrative services and product offerings through its flexible, customized platforms. Established as a part of Mutual of Omaha Insurance Company and spun off Axos Clearing LLC, formerly COR Clearing LLC, is a full-service clearing firm focused on the success of our introducing broker-dealer and registered investment advisor correspondents. It is your responsibility to evaluate the accuracy, completeness or usefulness of any of the Contents available on the Site.
Garrabrants, President and Chief Executive Officer of Axos Financial,
These
“COR Clearing provides us with a robust technology platform and an The Axos merger is expected to provide us Let’s connect to see if our clearing and custody solutions are right for your firm.Through our partnerships, we can offer some of the most Our front and back-office systems are built to support high trading volumes in a real-time processing environment and to interface with multiple trading platforms and market data providers
Acquisition Provides Entry into Securities Clearing and Brokerage Services Business. Axos expects the acquisition to close in the first half We believe that COR Clearing’s real estate markets in which we operate and other factors beyond our
broker-dealers and investment advisors seeking a superior clearing
Clearing, custody or other brokerage services provided by Axos Clearing LLC, Member FINRA and SIPC. experienced team in the securities clearing business,” stated Greg We work hard to provide a robust offering of services and high standard of service. circumstances after the date of this press release. acquire by merger the parent company of COR Clearing LLC (“COR