About Our Firm

We’re a comprehensive financial services firm committed to helping our clients improve their long-term financial success. Our customized programs are designed to grow, protect, and conserve our clients’ wealth by delivering an unprecedented level of personalized service and expertise.

Who We Are

Worden Capital Business Principles:

  • Our investors come first. The best decisions for our investors are the best decisions for Worden Capital.
  • Ethics and integrity are central to our value system. We seek employees and business partners who share this view.
  • We hire exceptional people who share our passion, core values, and inspiration.
  • In considering potential investments, we do not follow conventional wisdom. We encourage creativity, open debate, and independent thinking.
  • The dynamic nature of our business requires that we have flexibility and foresight, particularly in the face of uncertainty and change.
  • We are a firm that values relationships.
  • Our partners, investors, and employees should feel that we are fair. We hold ourselves to a high standard, and we expect the same of others.
  • While much of our work is of a highly confidential nature, we seek openness in our relationship with investors and partners.
  • Personal and team reward are earned on merit. We work hard, we work for results, and we work together.

Clearing Firm

Account Protection Coverage FAQs

Account Protection Coverage Provided by AXOS Clearing

AXOS Clearing is a member of the Securities Investor Protection Corporation (SIPC), and provides account protection up to $25 million for correspondent customer assets held by AXOS.

The first $500,000 of coverage (including up to $100,000 for cash balances) per client is provided by SIPC as defined by SIPC rules (https://sipc.org). AXOS’s policy with Lloyd’s of London1 (www.lloyds.com) provides additional “excess SIPC” account coverage up to $24.5 million (including up to $900,000 for cash balances) per client as defined by SIPC rules.

With the combination of SIPC coverage and Lloyd’s of London insurance, accounts held by AXOS Clearing are protected up to a total of $25 million per client (including up to $1 million for cash balances.)

Account protection coverage applies when a 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.

Q: What is SIPC?
A: SIPC—Securities Investor Protection Corporation—is a nonprofit corporation, established by Congress under the Securities Investor Protection Act of 1970, that insures the securities and cash in the customer accounts of member brokerage firms against the failure of those firms. All brokers and dealers registered with the Securities and Exchange Commission and with the national stock exchanges are required to be members of SIPC.
Q: How does standard SIPC coverage differ from ‘Excess SIPC”?
A: If a brokerage firm should fail, SIPC will first try to merge it into another brokerage firm. If that fails, SIPC will liquidate the firm’s assets and pay off account holders up to an overall maximum of $500,000. This is considered standard SIPC coverage.
In an effort to offer an added measure of protection, especially for larger accounts, many firms offer supplemental coverage over and above the standard SIPC coverage. Since this supplemental coverage protects the same types of accounts and assets (although at different levels) as SIPC, it has come to be known as “excess SIPC.” 1 Lloyd’s is the world’s leading insurance market providing specialist insurance services to businesses in over 200 countries and territories
Q: Is ‘Excess SIPC” coverage available for accounts larger than $25 million?
A Yes, coverage is available through Lloyd’s of London for accounts larger than $25 million. Due to fluctuations in insurance rates, the cost for additional coverage will be determined on a case by case basis.
Q: Where can I/my customers learn more about SIPC coverage?
A: Visit the SIPC web site athttps://sipc.org
Formerly known as Legent, COR Clearing began as part of the Mutual of Omaha and evolved into the independent execution, clearing, settlement and custody platform known as Legent Clearing. Inititally serving clients principally located in the Midwest, the firm expanded and developed its services to support a wide range of broker dealer clients in the USA and abroad. In 2011, Legent was acquired by COR Securities Holdings Inc. and in 2012 became COR Clearing LLC.

How We Protect Your Information

We maintain physical, electronic and procedural safeguards in accordance with legal standards, established security standards and procedures to guard your personal information from unauthorized disclosure.

Trading and Settlement

As a member of major leading exchanges, COR has execution and clearance capabilities for virtually all domestic and foreign securities including multi-currency settlement and reporting. We support straight through processing of equities, options, mutual funds and fixed income products complemented by a fully automated back office staffed with responsive professionals.

Our trading technology integrates information and analytics from a variety of data providers, sophisticated order execution functionality and post trade processing applications to ensure timely and accurate trade execution and settlement.

Our Team

Our firm has made a consciences effort to build a carefully selected team of uniquely talented individuals, each among the very best in his or her profession, rather than a larger group of highly competent but less remarkable personnel.

Long Island

100 Ring Road West, Suite 210
Garden City, NY 11530
Phone: (516) 439-4192

New York City

40 Wall Street, Floor 7
New York, NY 10005
Phone: (646) 968-8000

Midwest

1001 W. Glen Oaks Lane Suite 223
Mequon, WI 53092
Phone: (262) 241.8377

Southeast

1213 Culbreth Dr Suite 211
Wilmington, NC 28405
Phone: (910) 509-7242

Contact Us

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information.