Lending and Cash Management
Many clients do not consider their full range of borrowing options when they are in need of liquidity. Also, clients overlook the benefits of consolidating their cash management needs with their investment accounts. In many cases, we can assist in providing targeted advice on these issues, competitive lending solutions and cash management tools to clients.
CAPITAL ACCESS CASH MANAGEMENT TOOLS Capital Access combines the benefits of a brokerage account with check writing, a Visa® Platinum debit card, rewards program, online bill pay and enhanced reporting. By combining these features, we can provide guidance on spending habits, which is especially important during retirement. |
ATTRACTIVE CASH SWEEP RATES Most investment firms tier the rates they pay clients based on relationship size. Raymond James offers attractive rates on cash balances regardless of a client's relationship size.* We encourage clients to deposit their excess cash in their RJ accounts to take advantage of our attractive rates. *Subject to minimum cash balance in some instances |
READY ACCESS PERSONAL LINE OF CREDIT Clients can access immediate credit against their securities with no additional paperwork, no closing costs and competitive rates if this feature is enabled on their accounts. Clients can tap into the borrowing power of their securities with no regular payment schedules. |
BANK SECURITIES LENDING Some clients require a separate bank line of credit for specific purposes. Raymond James Bank can extend credit to clients who pledge their securities accounts as collateral. |
A Securities Based Line of Credit (SBLC) may not be suitable for all clients. The proceeds from an SBLC cannot be (a) used to purchase or carry securities; (b) deposited into a Raymond James investment or trust account; (c) used to purchase any product issued or brokered through an affiliate of Raymond James, including insurance; or (d) otherwise used for the benefit of, or transferred to, an affiliate of Raymond James. Raymond James Bank does not accept RJF stock or any securities issued by affiliates of Raymond James Financial as pledged securities towards an SBLC. Borrowing on securities based lending products and using securities as collateral may involve a high degree of risk including unintended tax consequences and the possible need to sell your holdings, which may lead to a significant impact on long-term investment goals. Market conditions can magnify any potential for loss. If the market turns against the client, he or she may be required to quickly deposit additional securities and/or cash in the account(s) or pay down the loan to avoid liquidation. The securities in the Pledged Account(s) may be sold to meet the Collateral Call, and the firm can sell the client's securities without contacting them. A client is not entitled to choose which securities or other assets in his or her account are liquidated or sold to meet a Collateral Call. The firm can increase its maintenance requirements at any time and is not required to provide a client advance written notice. A client is not entitled to an extension of time on a Collateral Call. Increased interest rates could also affect LIBOR rates that apply to your SBLC causing the cost of the credit line to increase significantly. The interest rates charged are determined by the market value of pledged assets and the net value of the client's non-pledged Capital Access account. Securities Based Line of Credit provided by Raymond James Bank. Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, a federally chartered national bank.