Issue link: https://info.seic.com/i/1472215
A Securities-Backed Line of Credit (SBLOC) gives your clients the freedom to access the value of their investment portfolio without disrupting any of the investments within it. Your clients can use an SBLOC for almost anything: a real estate purchase, a tax bill, a tuition payment — anything except the purchase of securities. An SBLOC will give your clients the liquidity they want — quickly, easily and seamlessly — for the opportunities life presents. The portfolio remains intact Put simply, an SBLOC allows a client to borrow against the value of the securities in their portfolio — the individual investments they made will remain untouched. This new liquidity comes without disrupting a carefully crafted investment strategy or creating any unwanted tax consequences. Convenient access Your client may access their new SBLOC with personalized checks or free domestic wire transfers anytime they need funds. Information about your client's SBLOC is available on our website, 24 hours a day, 7 days a week. For more detailed information, our expert SBLOC team is available to assist you and your clients by phone, Monday through Friday, 8 a.m. to 6 p.m. Eastern time. * Please tell your client to consult with their financial professional as liquidating assets may result in tax implications for them. An SBLOC at a glance › › An interest-only revolving credit line backed by securities held in your client's investment portfolio › › Provides access to funds while you and your client's investment strategy remains untouched › › Similar in structure to a margin loan › › Available to individuals, trusts and entities (entity process/pricing may differ) › › No income verification for individuals. › › Minimum line of credit of $75,000 › › No application fee, annual or monthly fees, or charge for portion of line not in use › › May eliminate the potential tax consequences of liquidating assets* › › Convenient and fast access to liquidity through check or wire › › Simple application and underwriting process › › May be used for multiple purposes › – Real estate investment › – Loan payoff › – Business investments/costs › – Large expenses › – Taxes › – Tuition for financial professional use only. SECURITIES-BACKED LINE OF CREDIT (SBLOC)