RIA custodian continues to diversify and expand MMX program for financial advisors
DENVER and MIAMI, April 04, 2023 /PRNewswire-PRWeb/ -- Axos Advisor Services ("Axos"), a hybrid custodian and financial services company with powerful, integrated custodial and banking solutions, has added Potomac Fund Management, Inc.'s ("Potomac") model strategies, further diversifying its investment management offerings through the Money Manager X-Change (MMX) program. Potomac will cover the client's program fee on MMX, which will save clients' from paying an additional overlay fee.
Axos' MMX program provides financial advisors access to high-quality investment management, while helping to make their business more efficient. Advisors can delegate all or a portion of their money management to MMX partners while retaining control over which managers to use and what strategies they want to have traded for them within a UMA structure.
"Axos Advisor Services' partnership with Potomac will be impactful for advisors for a few reasons," said Jonathan Bui, Senior Product Manager at Axos Advisor Services. "Because Potomac is absorbing the MMX program fee on behalf of the client, our advisors will have access to traded models without an additional overlay fee. This helps our advisors continue to differentiate themselves and provide ongoing value to their clients.
"Potomac develops tactical investment strategies designed to "win by losing less," supporting financial advisors who seek to build portfolios that help protect against market risk. The goal is to deliver competitive returns with less downside risk. Potomac's risk management models seek to help advisors build and preserve wealth — by matching the right strategy or combination of strategies to each investor's needs.
"Every client is unique, but they all want to avoid major losses," says Manish Khatta, CEO and CIO of Potomac. "That's why our mission, 'Built to Conquer Risk,' is more than a slogan–we aim to sidestep major market losses. Our investment approach places odds in favor of success through being flexible with portfolio allocations and trading based on time-tested, quantitative model of indicators. Potomac works with advisors every day to help their clients win by losing less."
Earlier this year, Axos Advisor Services announced it added the Forum Real Estate Income Fund to the MMX platform.
For more information, please call Axos Advisor Services 866-776-0218 or visit http://www.axosadvisorservices.com.
About Axos Advisor Services
At Axos Advisor Services our focus is solely on RIAs. As a hybrid custodian and financial services company, our powerful, integrated custodial and banking solutions enable RIAs to offer a wider range of services to their clients. And advisors have access to our intuitive Liberty Platform, designed and built specifically for RIAs. Axos Advisor services is offered by Axos Clearing LLC, a
licensed broker-dealer.
About Potomac Fund Management
Headquartered in Miami, Florida, Potomac Fund Management ("Potomac") is an investment strategist firm for financial advisors. With strategies available on numerous platforms, including Axos Advisor Services, and the Union TAMP platform, Potomac supports advisors with the resources best suited for their individual businesses. Each avenue is built on Potomac's core belief that financial success is about more than hitting a number twenty years into the future; it is about feeling confident as you get there.
Media Contact
Abbie Sheridan, Axos Advisor Services, 1 516-286-7056, [email protected]
Christopher Norton, Potomac Fund Management, (510) 850-4602, [email protected]
SOURCE Axos Advisor Services
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