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 Lending - Secured for Managed Accounts |
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Description
If you have a Legg Mason Managed Account(s), you can use the value of these assets to borrow money for a variety of purposes including the purchase of a home, boat or car, college tuition payments, tax payments or debt consolidation. Generally, qualifying clients will be able to borrow up to 35% of the value of their managed assets. In addition, most loan applications can be processed in only one day.
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Benefits
You have the flexibility to finance many types of borrowing needs.
Enjoy a faster alternative to most business, real estate, and personal loans.
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Features
Investors enrolled in the following Legg Mason sponsored management programs are eligible for this new program: Advantage Managers, Investment Consulting Group, Managed Investment Portfolio, and Legg Mason Portfolio Management (assets held in retirement accounts are not eligible).
Legg Mason will extend credit through the use of a traditional margin loan; the only paperwork required is the completion of a margin agreement and a brief secured loan application.
 Secured Line of Credit Agreement/Margin Disclosure
Annual Disclosure Booklet
Understanding Margin (NASD)
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Related Products/Services
Premier Asset Management Account
Private Banking Services
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