Axos Invest, Inc

Axos Invest, Inc. is a registered investment adviser with the SEC, established in 2009 as WiseBanyan, Inc., and acquired by Axos Financial, Inc. in 2019. Specializing in automated investment advisory services, the firm offers tailored portfolios comprised of ETFs across various asset classes. Clients can start investing with a minimum of $500 and access additional asset classes, tax-loss harvesting, and customization features. The firm charges an annual fee of 0.24% of client assets for its automated advisory service, exclusive of other costs. Axos Invest does not charge performance-based fees and primarily serves individual investors. The firm's investment strategy focuses on diversification, asset allocation, and rebalancing to minimize fees and tax consequences. Clients are responsible for voting proxies and receiving shareholder notices. Axos Invest does not vote proxies on behalf of clients. The firm does not have custody of client assets, which are held at Axos Clearing, a qualified custodian. Axos Invest does not require prepayment of fees and has not been involved in bankruptcy petitions in the last ten years.