FINANCIAL SERVICES

PH   ENIX

FORM CRS

Use this summary to understand the key differences between our Alternative Investment Services and Broker Dealer Services so you can choose which service is best for you.


 

 

 

WHAT KIND OF BASIC SERVICES DO WE PROVIDE?

HOW DOES OUR RELATIONSHIP WORK?


  

 

 

 

 

 

 

 

HOW DO YOU PAY FOR YOUR SERVICES?

 

 

 

 

 

 

 

 

 

WHAT IS OUR LEGAL

OBLIGATION TO YOU?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

WHAT IS A

FINANCIAL
CONFLICT

OF INTEREST?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HOW DO WE

HANDLE A

FINANCIAL

CONFLICT OF

INTEREST?

HOW

CAN YOU

RESEARCH

OUR FIRM?

ALERT

Alternative Investment (AI) Services

ALTERNATIVE INVESTMENT ADVICE

This Is a sales relationship.

 

We offer investment advice by:

  • working with you to identify your investment goals,

  •  selecting investment products to meet your objectives,

 

____________________________________________

We have a sales-based alternative product relationship with you. For investments, we

  • make alternative investment recommendations

  •  consider your investment goals and profile, including factors like your age and how much time you have to meet your goals; and,

 

For monitoring and oversight, we

  • provide initial investments confirmations; and

  • provide you with annual K1’s and/or statements.

 

Other options

You may choose how much you want to be involved in overseeing your investments. You may request online access your account at Axos Clearing LLC


 

 

 

 

 

 

 

______________________________________________

ALTERNATIVE INVESTMENT FEES

 

You pay different fees depending on the AI product.

  • You may pay a placement agent fee.

  • You may pay a management fee

  • You may pay additional fees.

  • You will pay fees and costs whether you make or lose money on your investments.

  • Fees and costs will reduce any amount of money you make on your investments over time.

 

Visit www.phoenixinc.com/client-fees or request a paper copy for a Summarized list of client fees and costs that may apply to your situation.

________________________________________________

By law, as part of our legal obligation we must follow a client’s best interest standard. We must act in your best interest and not place our interests ahead of yours when we recommend an investment or investment strategy involving securities.

We are required to

  • Analyze your financial situation, investment profile, and the investments we have available to meet your needs

  • Disclose material information about the investments we recommend including costs and conflict of interest obligations (see below).
     

We are required to follow these legal obligations

  • for all recommendations we provide to you,

 We are not required to:

  • follow this legal obligation for any other advice we may provide to you beyond sales recommendations,

  • monitor your account unless you contract separately for that service

  • choose the lowest cost, least risky, or best performing product.

 

____________________________________________

 

When our interests’ conflict with yours, we must identify, disclose and in some cases mitigate that conflict

 

Sometimes our Interests conflict with yours. This means advice that results in extra income for us is not the best for you. For example:

 

  • Because we receive payments from third parties, we have an incentive to-   recommend investments that have these payments, even if other options have lower costs or better performance.

       

 

 

 

 

______________________________________________

When our interests conflict with yours, we must identify, disclose and in some cases mitigate that conflict.

 

 

________________________________________________

 

Visit www.investor.gov for a free, simple search tool to research our firm and our financial

professionals.

  • You may also Visit FINRA for a free, simple search tool to research our firm and our financial professionals

  • PHX DIRECT – go to the following link www.phoenixinc.com/crd for a review of your financial professional.

Your primary contact person is your RR

 

 If you have concerns about how this person is treating you or require additional information please contact PHX’s Compliance Department at (212) 514-5399.   

 

Broker Dealer Services

SALES RECOMMENDATIONS AND TRADING

 

This is a sales relationship.

 

We offer brokerage services, by:

  •  recommending investments for you to buy and sell based on an assessment of your financial situation and investment goals, and

  •  executing trades for you based on your investment decisions.

______________________________________________

We have a sales-based transactional relationship with you.For investments, we

  • make buy and sell recommendations to you,

  • consider your investment goals and profile, including factors like your age and how much time you have to meet your goals.

  • We then execute the transactions you decide to make based on our recommendations.

  • YOU have the responsibility to make the final investment decision on the transaction.

  •  

  • For monitoring and oversight, we

  • do provide trade confirmations

  • we provide monthly or quarterly account statements

  • You may choose how much you want to be involved in overseeing your investments. You may request online access your account at Axos Clearing LLC

 

  • we DO NOT monitor your account after the transaction

  • YOU are responsible for monitoring your transactions and portfolio; and

 

______________________________________________

COMMISSIONS AND OTHER FEES

 

You pay a commission or other sales fee for each transaction in your account.

  • Commissions and fees will vary depending on the size of the transaction and the investment

  • product purchased.

  • You may pay additional fees.

 

  • You will pay fees and costs whether you make or lose money on your investments.

  • Fees and costs will reduce' any amount of money you make on your investments over time.

 

Visit www.phoenixinc.com/client-fees  or request a paper copy for a Summarized list of client fees and costs that may apply to your situation.

______________________________________________

By law. As part of our legal obligation we must follow a client’s best interest standard. We must act in your best interest and not place our interests ahead of yours when we recommend an investment or investment strategy involving securities.

 

We are required to

  • Analyze your financial situation, investment profile, and the investments we have available to meet your needs

  • satisfy certain disclosure. care, and conflict of interest obligations (see below).

 

 

We are required to follow these legal obligations

when making recommendations to you.

 

We are not required to:

  • follow this legal obligation for any other advice we may provide to you beyond sales recommendations,

  • monitor your account unless you contract separately for that service

  • choose the lowest cost, least risky, or best performing product.

 

______________________________________________

When our interests’ conflict with yours, we must identify, disclose and in some cases mitigate that conflict

 

Sometimes our interests’ conflict with yours. This means a sales recommendation that results in extra income for us may not be the best for you. For example:

  • Because we get paid only when you complete a transaction, we may have an incentive to­ encourage you to trade more often.

  • Because we get higher commissions from some products, then we may have an incentive to-­ encourage you to buy those products that pay us more, even if other options are better for you.

 

 

______________________________________________

 

When our interests conflict with yours, we must identify, disclose and in some cases mitigate that conflict.

 

______________________________________________

Visit www.investor.gov for a free, simple search tool to research our firm and our financial

professionals.

  • You may also Visit FINRA for a free, simple search tool to research our firm and our financial professionals

  • PHX DIRECT – go to the following link www.phoenixinc.com/crd for a review of your financial professional.

Your primary contact person is your RR

 

 If you have concerns about how this person is treating you or require additional information please contact PHX’s Compliance Department at (212) 514-5399.

     

Many financial professionals use titles. such as Private client group, Financial Consultant, Wealth Manager. Investment Banking, or variations of that title. A firm or individual’s title does NOT mean that they are acting in an advisory capacity.

To download a copy of this CRS form Click Here


 

RETURN TO HOMEPAGE