Advisor Group Launches Securities-Based Lending Offering

From WealthManagement.com:

Advisor Group, one of the largest independent broker/dealer networks, is rolling out a securities-based lending offering to its 10,000 advisors, providing them with the ability to source loans for clients without losing touch with the assets.

“In a time of a need, if [clients] have to look for this alternative somewhere else, them securing that somewhere else might include them needing to move the assets,” said Kristen Kimmell, executive vice president, business development, at Advisor Group.

The firm is partnering with Supernova Technology, an automated digital lending solution, to bring the capability, called Personal Credit Line. The offering allows clients to borrow against their investments without affecting the underlying value of their portfolios.