You may think that your online stock brokerage is a wonderful, convenient place from which to get a margin loan.
You’re right. It IS convenient. But did you know you are almost certainly getting far less cash and paying out a very large amount in interest? On top of that, your brokerage will bring the ‘axe down’ and issue an immediate, discussion margin call the minute your portfolio falls in any major way.
All your risk is on your one stock, with a normal margin loan. If that stock falls, sorry, you’re out of luck. You’ve got less in cash, you’ve already paid out a lot in interest, and now you had better come up with the difference instantly or your brokerage will start selling your stock whether you like it or not. It’s called a margin call and nobody wants one.
Here at A. B. Nicholas we took a look at this problem over a decade ago. Nobody can remove all the risk of any stock purchase ever — don’t let anyone tell you it is possible. But, that said, you CAN get much more in loan or credit line cash, and pay up to 75% less in interest by using the sophisticated referral program that A. B. Nicholas has created in tandem with several major stock brokerages – at this time, UBS, TD Ameritrade, and Schwab Bank.
You pay nothing for a quote, and there is no credit inquiry for a pre-approved loan offer on your portfolio. You risk nothing by applying at www.abnicholas.com/quote. But you WILL see what we can offer you, through the same top licensed FINRA-member outstanding institutions you may currently broker with.
We’re not brokers, but rather referral agents. We don’t receive a single penny from any lender, ever. But we DO send an enormous number of referrals to our carefully selected stock loan partners, and as a result, our stock loans and credit lines get our client on average a savings over $20,000 on the average stock portfolio deal, while getting up to 30-40% more cash to you, depending on the quality of your stock portfolio.
Check us out. You’ll be glad you did. We’re small… but very good at what we do!