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Leverage Managed Accounts as a Lending Alternative

Issue 10 - October/November 2009

Broaden your lending solutions by providing your clients the ability to use managed account assets as collateral for a LoanAdvance® nonpurpose loan. It can help you attract new business and retain more assets by enabling you to provide the following benefits to clients:

  • Convenience—clients can pledge a broad range of eligible assets in their managed accounts; when managed account assets are used as collateral, there will be no need to transfer assets into a separate collateral account
  • Flexibility—you can rebalance your clients’ existing managed account portfolios even though they have been pledged as collateral; any outstanding loan balances will be held in a LoanAdvance account separate and distinct from the managed account

As always, with LoanAdvance your clients will benefit from competitive interest rates, no preset repayment schedule, and easy access to cash—without the hassles of points, application fees, filing fees or prepayment penalties.

To learn more about LoanAdvance®, contact your home office.

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