Talk:Axos Financial

Proposed edits

Hi. My name is Greg and I work for Axos Bank, a subsidiary of Axos Financial. The current page relies almost exclusively on press releases, investor presentations, uncited content, and content not supported by the citation. In compliance with WP:COI, I wanted to share a draft of proposed changes in hopes that an impartial editor may review them. Some of these changes are mundane, while others address BLP issues, but in general they would make more of the page have proper independent citations.

If there's anything I can do to be of assistance, please let me know. Gfrostaxos (talk) 19:41, 29 October 2021 (UTC)

@Gfrostaxos: I think the edit generally look good; had I more time, I'd make all of them now. i do think the history section also needs a rewrite or some copyediting, so it has better flow instead of choppy single-sentence paragraphs. —C.Fred (talk) 20:41, 25 January 2022 (UTC)

List of subsidiaries

Are any of the subsidiaries of Axos themselves notable companies? —C.Fred (talk) 20:37, 25 January 2022 (UTC)

Hi @C.Fred:. Axos has two main divisions: Axos Bank and Axos Securities. Axos Securities includes the subsidiaries Axos Clearing and Axos Invest. There's also Axos Advisor Services (which used to be ETrade Advisor Services until Axos purchased it last year). Axos Bank is probably the most well-known. However, to be honest, I'm not sure any of them are really famous enough to qualify for separate pages under Wikipedia's criteria. My thinking was more that they warrant being mentioned here instead of having a page on them. Gfrostaxos (talk) 21:44, 27 January 2022 (UTC)

Smaller requested changes

I'd like to request the following phrase be removed:

and as of early 2020 is keeping the "free" business model originally designed by the start-up's founders. According to the investor presentation, Axos plans to use WiseBanyan to mine more personal data about its client base.

The first portion merely states that Axos continued using the same business model it always had. It's like saying "In 2018, the company kept the same business model. In 2019, the company kept the same business model. In 2020..." In that context, the second sentence appears to be intended as a criticism of WiseBanyan's privacy policy and use of customer data. However, this criticism is cited to an Axos investor presentation. I am not aware of any journalists or other secondary sources that have found anything significant worth writing about regarding our privacy policy. This seems undue and reflects the author's own original research/opinion more than that of any proper secondary source.

Pinging @C.Fred:, who asked that I break my requested changes into smaller requests. Gfrostaxos (talk) 20:02, 3 March 2022 (UTC)

References

Reorganized, citations, additional material

I made some edits to this article today because the company asked me to review the article. I am not affiliated in any way with Axos or its predecessor Bank of the Internet. For the most part this has been an exercise in copy editing. I haven't done the research needed to ensure that this is a balanced account of material events in Axos' history. But I did make a good-faith effort to polish the article. In that regard, I thought it best to add some content about 1) the company's recent loan to The Trump Organization, and 2) the CEO's former company IndyMac. In particular, #2 is warranted because IndyMac was one of the biggest bank failures is U.S. history (albeit a year after the CEO left), according to the Reuters source I cited. Cordially, BuzzWeiser196 (talk) 12:14, 18 March 2022 (UTC)

@BuzzWeiser196: Do you have an opinion on my comments above under the "Smaller requested changes" section of this Talk page? Regarding the failure of IndyMac, please see user Zaereth's comments/edit [1]. I understand editors may have different views – just want to bring it to your attention. Gfrostaxos (talk) 16:18, 18 March 2022 (UTC)

@Gfrostaxos: @Zaereth: If I understand this correctly, @Zaereth objection #1 was that the language about IndyMac's failure was unsourced. That has been laid to rest by the citations to two reliable secondary sources I added. As for Zaereth's objection #2, that the IndyMac failure is irrelevant: that's a matter of opinion. One could argue that it's the sort of thing a person would want to know about if they were considering an investment in Axos, or a job at Axos. A CEO's past business experience is always fair game for those audiences. But if we're going to mention the IndyMac failure, we ought to do it in the right way: back it up with a citation to a reliable source (which we do), note that it happened a year or so after Garrabrants left (which we do), and don't blame Garrabrants for the failure (which we don't). Since we're talking about a living person, if anyone wants to submit this to a higher Wikipedia authority I have no objection. I have no axe to grind here. I don't know the man, never worked for either company and never worked in the banking industry. Cordially, BuzzWeiser196 (talk) 03:40, 19 March 2022 (UTC)