Liabilities Management Services

From our perspective, successful financial planning should address both sides of an investor’s balance sheet: assets and liabilities. Through our relationship with Wells Fargo & Company, First Clearing can provide access to dedicated lending specialists to help your clients select from short term borrowing options based on their financial goals.

These dedicated affiliated lenders provide a broad range of lending options that may help your clients with liquidity and maximize potential tax benefits:1

  • Securities-backed lines of credit — Your clients can apply for a line of credit backed by the value of their investment portfolio to use for virtually any need. Securities-backed lines of credit enable them to have money available without disrupting their long-term investment strategy.2
  • Home mortgages — Access to a comprehensive range of products for both new mortgage and refinance needs through Wells Fargo Home Mortgage. Your clients have access to one of the nation’s leading residential mortgage lenders.3
  • Home equity loans and lines of credit — Home equity financing may be a sensible choice for home improvements, paying for education expenses, financing major purchases or life events such as a wedding, or as an emergency fund to meet unexpected large expenses. Home equity accounts typically have lower rates than many other types of credit, plus the interest paid on the home equity account may be tax-deductible.4

1 Consult your tax and/or legal advisor to determine tax deductibility.
2 Securities-based lending has special risks and is not suitable for all investors. If the market value of your pledged securities declines below required levels, you may be required to pay down your line of credit or pledge additional eligible securities in order to maintain it, or the lender may require the sale of some or all of your pledged securities. The sale of your pledged securities may cause you to suffer adverse tax consequences. You should discuss the tax implications of pledging securities as collateral with your tax advisor. Wells Fargo is not a tax or legal advisor. Please read all line of credit documents carefully.
3 Based on 2010 year-end statistics by Inside Mortgage Finance 1/28/11.
4 Consult your tax and/or legal advisor to determine tax deductibility.

All loans and lines of credit are subject to credit approval, verification and collateral evaluation. Products are not available in all states. Certain restrictions apply. Programs, rates, terms and conditions are subject to change without notice. Initial decision is subject to your meeting specific underwriting requirements and final approval will be based upon your satisfying those requirements. Contact one of our Financial Advisors for details. The proceeds from an asset backed loan may not be used to purchase additional securities. Securities held in a retirement account cannot be used as collateral to obtain a loan. Securities purchased in the pledged account must meet collateral eligibility requirements.

Lending and other banking services available through the Lending & Banking Services Group of Wells Fargo Advisors (NMLS UI 2234) are offered by banking and non-banking affiliates of Wells Fargo & Company, including, but not limited to Wells Fargo Bank, N.A. (NMLSR ID 399801); (Wells Fargo Home Mortgage and Wells Fargo Home Equity Group are divisions of Wells Fargo Bank, N.A); and Wells Fargo Equipment Finance, Inc. All loans and lines of credit are subject to credit approval, verification and collateral evaluation. Products are not available in all states. Certain restrictions apply. Programs, rates, terms and conditions are subject to change without notice.

Investment and Insurance Products

NOT FDIC-Insured

NO Bank Guarantee

MAY Lose Value

Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company. ©2011 Wells Fargo Advisors, LLC. All rights reserved.