At A. B. Nicholas we never stay still, and are always looking for new ways to provide value and security to our clients.
Today we are happy to announce that we can provide all of the great features of our LeverageLine that have made it the premier securities-based credit line (SBLOC) for the franchise and commercial real estate industry and allow the client to keep their securities exactly where they are, with a simple background lien providing all the security our licensed SIPC/FINRA lenders require.
This is available at this time only to those with pre-existing TD Ameritrade or Charles Schwab accounts; those with other account will still need our lenders to move the securities to their own new account at their lender’s institution.
In addition, those with account at Schwab or Ameritrade, in addition to loan-to-values of up to 80% for equities, can avail truly institutional interest rates that are up to 2% lower than our already low wholesale LeverageLine rates. Again, this is at present only available to those with pre-existing TD Ameritrade and Schwab accounts.
NOTE to ABN AGENTS ONLY. If you are an ABN agent and have signed your new Agent Agreement but not taken your Compliance Exam, please contact us today to take the exam so you may receive fees on your referrals.
Learn more here.