Billionaire-backed discounter shuts brokerage offices

After shuttering offices in Honolulu, San Diego and Phoenix, the firm now plans to deploy a franchise-like brokerage model while focusing on funding mortgages

SRE Matrix, a low-fee, tech-focused brokerage that launched in 2014, recently closed its Honolulu office, completing a wind-down of the firm’s company-owned brokerage offices.