Socium Fund Services and Axos Bank Strategic Parntership

Socium Fund Services Partners with Axos Bank to Fortify Loan Agency Offering

April 30, 2024 – San Diego, CA and Short Hills, NJAxos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX) (Axos) and Socium Fund Services, (Socium) a Suntera Global company, specializing in private equity and private credit fund administration have partnered to bolster Socium’s loan agency offering and overall fund administration services for its private fund clients.

This new strategic alliance between Axos and Socium allows Socium to efficiently manage all loan file management operations for its clients, freeing up their time for other critical work. By adopting Axos’s technology, Socium is now able to provide its clients with a third-party banking solution for consolidation and reporting. Socium’s clients now have access to a seamless loan syndicate management platform.

“Navigating the complex landscape of private credit loan administration requires strategic alliances,” said Jason Meklinsky, Chief Revenue and Strategy Officer at Socium Fund Services. “Axos’ leading banking platform will allow Socium to efficiently perform loan agency and administration services for our clients, providing a comprehensive banking solution for reporting and back-office operations. We are excited to be partnering with Axos to provide our clients with streamlined loan agency services.”

Led by Axos Bank’s Brian Fogel, Senior Vice President and Managing Director of Fund Banking and Trevor Freeman, Senior Vice President and Managing Director of Fund Finance, the dedicated award-winning team provides decades of institutional knowledge in relationship-based competitive rate and fee structure; streamlined account opening process; fraud prevention and risk mitigation tools; and market-leading earnings credit rate (ECR). Mr. Fogel and Mr. Freeman work collectively to meet the needs of fund managers for their deposit and credit needs. Offering FDIC protection up to $240 Million per tax ID on deposit accounts through the Insured Cash Sweep (ICS) product and credit facilities comprised of Capital Call lines, Hybrid facilities, Management company lines, and GP financing.  

To learn more about Axos Fund Finance offering, click here; to learn more about the partnership, click here.

About Axos Bank

Axos Financial, Inc., with approximately $21.6 billion in consolidated assets as of December 31, 2023, is the holding company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos Bank provides consumer and business banking products nationwide through its low-cost distribution channels and affinity partners. Axos Clearing LLC (including its business division Axos Advisor Services), with approximately $34.4 billion of assets under custody and/or administration as of December 31, 2023, and Axos Invest, Inc., provide comprehensive securities clearing services to introducing broker-dealers and registered investment advisor correspondents, and digital investment advisory services to retail investors, respectively. Axos Financial, Inc.’s common stock is listed on the NYSE under the symbol “AX,” and is a component of the Russell 2000® Index, the S&P SmallCap 600® Index, the KBW Nasdaq Financial Technology Index, and the Travillian Tech-Forward Bank Index. For more information regarding Axos Bank, please visit

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