This informative webinar provides an overview of how today’s most successful advisors are leveraging best practices in strategic borrowing to deepen client relationships and build strong, holistic wealth management practices.
As one of the most flexible lending options available to you and your clients, borrowing base strategies executed through SBLOCs (securities-based lines of credit) offer access to a liquidity strategy that over time has the potential to generate and create additional wealth. With both fixed- and floating-rate options available, SBLOCs are an ideal solution for both short- and long-term borrowing needs for all of life’s milestones.
Please join us for a comprehensive view of this client perspective, that will include best practices regarding use strategies as well as a review of use cases.
Accepted for 1 CFP® / IWI / CFA CE Credit
Speaker:
Chuck FawcettChief Banking OfficerTriState Capital Bank
Chuck Fawcett, Chief Banking Officer of TriState Capital Bank, is responsible for leading the Commercial Banking and Private Banking teams. In this role, Chuck oversees the Bank’s commercial & industrial lending, commercial real estate lending, equipment finance, fund finance, and treasury management across TriState Capital’s five regional offices. He also oversees our private banking business, which serves high-net-worth individuals, trusts, and businesses nationwide. Chuck has been with the bank since its inception, having served in various leadership roles over the years. Prior to joining TriState Capital, Chuck served as director of alliances trust sales/special projects consultant and vice president and director, marketing, and product development, for nearly two decades for a Pittsburgh-based asset manager. He holds a bachelor’s degree in business and economics and a master’s degree in finance from the University of Pittsburgh.
TriState Capital Bank is a Pennsylvania chartered bank. Securities-based lending is a non-purpose margin loan secured by eligible, marketable securities. It is non-purpose because the proceeds of the line of credit cannot be used to purchase or carry securities. Securities-based lending has special risks and is not suitable for all investors. The risk of securities-based lending include: (i) market fluctuations that may cause the value of pledged assets to decline, (ii) a decline in the value of the pledged securities that could result in selling the securities to maintain equity, and (iii) possible adverse tax consequences as a result of selling securities. Fluctuations in market interest rates could also affect the applicable index rate that applies to your line of credit causing the cost of the credit line to increase significantly. The interest rates charged on lines of credit backed by securities are determined in part by the line of credit amount as outlined in the loan documents.
