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Captial Available at Attractive Rates (as low as 2.5%) with Securities
Based Line of Credit Available Through Raymond Jame

by Steven D. Brett, President of Marcum Financial Services LLC

Recognizing that having access to cash is important for countless reasons, especially in a difficult lending environment, Raymond James recently established the SECURITIES BASED LINE OF CREDIT (the "SBLC").

The SBLC is a flexible line of credit that can be collateralized by aggregating multiple Raymond James accounts (i.e. individual, joint, trust, entity, etc) to create borrowing power with very attractive pricing using the one month LIBOR rate plus a spread based on the collective value of pledged assets. The spread ranges from 2.25% for pledged accounts over $10 million to 4.0% for accounts of $250,000. This results in current borrowing rates ranging from approximately 2.50% (LIBOR of approximately .25% + 2.25% spread) to 4.25%. Line availability or borrowing power varies by security, but may be up to 65% on equities and up to 90% for fixed income. The result is more availability at lower rates than margin based loans. There is NO COST related to establishing the SBLC and the process is simple. Loan payments are interest only and may be paid or rolled into the loan. The minimum initial draw is $55,000.

The use of proceeds can be for virtually anything other than the purchase of securities or the payoff of a margin loan. Possible uses might include:

  • Repayment or consolidation of higher rate debt
  • Pay down of a mortgage to allow for refinance of 1st mortgage at current rates
  • Renovation of home
  • Purchase of real estate
  • Purchase of luxury items
  • Supporting business needs
  • Paying taxes
  • Establishing emergency availability with no present need
  • And the list goes on

For example, we recently established SBLC for clients for the purchase of a third home, the renovation of a vacation home and working capital for a business.

This can be a perfect source of capital for a client with mutual fund positions held directly at one or more mutual fund companies or with securities at various brokerage firms. By transferring those assets to a newly established Raymond James account, without sale of the underlying position, capital can be made available.

If you have a particular situation you would like to discuss, general interest in learning more about the flexibility of the SBLC and how it may be of benefit, or would like information sent to a client, please contact either Jerry Shantzer, Investment Management Consultant and Registered Principal at or 484.270.2570 (ext 22570) or Steve Brett, Branch Manager, at or 631.414.4020.


Check the background of this firm on FINRA's BrokerCheck

Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

Marcum Financial Services, An Independent Firm

Securities offered through Raymond James Financial Services, Inc. Member FINRA / SIPC

Investment advisory services at the New Haven, CT office are offered through Raymond James Financial Services Advisors, Inc.

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