She will be introducing Securities Backed Lines of Credit – wait until you learn about this!
Securities Backed Line of Credit (SBLOC) allows clients to use their investment accounts as collateral for a variable or fixed rate line of credit. Proceeds from the credit facility are used for a number of short-term or long-term financing needs but cannot be used to purchase investment vehicles or pay off any margin loan. Keep in mind any recommendation that a client establishes, a SBLOC must be consistent with the client’s financial goals, and the client should fully understand the risks of establishing an SBLOC. These risks include the potential impact of a market downturn, the potential tax implications for liquidating pledged securities, and the potential impact of an increase in interest rates.
The opinions expressed are for general information purposes only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making any decision.
All performance referenced is historical and is no guarantee of future results. All indices referenced, if any, are unmanaged and may not be invested into directly.
Images contained in this communication where added by the creator cannot be edited. These images do not reflect a guarantee of a success related to strategies discussed.
The opinions expressed in this material are those of Pence Wealth Management and do not necessarily reflect the views of LPL Financial.
Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
Scott Griffin Financial, Pence Wealth Management and LPL Financial are separate entities.
2020 Forbes Best In State Wealth Advisors and America’s Top Wealth Advisors – Ranking, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years’ experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data. Neither Forbes nor SHOOK receives a fee in exchange for rankings.
All Financial Consultants at Pence Wealth Management are Registered Representatives with, and securities and Advisory services offered through LPL Financial,
a Registered Investment Advisor, Member FINRA & SIPC. Financial Planning offered through Pence Wealth Management, a Registered Investment Advisor and
separate entity from LPL Financial.
The LPL Financial representative associated with this website may only discuss and/or transact securities business with residents
of the following states: Alaska (AK), Alabama (AL), Arkansas (AR), Arizona (AZ), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida
(FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Kansas (KS), Kentucky (KY), Louisiana (LA), Massachusetts (MA), Michigan (MI), Minnesota (MN), Mississippi
(MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR),
Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Texas (TX), Utah (UT), Virginia (VA), Washington (WA), Wyoming (WY), Washington