Your investment portfolio can help to
secure your future, but did you know it
can also provide you convenient access
to funds when you need it?
Selling investments is one option to
gain access to cash. Another way is
to tap the equity in your investment
portfolio through a Wealth Line of Credit
(WLOC).
A
WLOC is a convenient funding solution
that is secured by using the nonretirement
portion of your investment
portfolio as collateral for a revolving line
of credit.
Essentially, a WLOC allows you to
leverage the assets in your investment
portfolio to fund non-investment
activities. Once a WLOC is established
with Canandaigua National Bank & Trust,
funds are usually accessible within a few
days and can be used for a variety of
purposes, such as:
- Purchasing real estate
- Making home improvements
- Paying for educational expenses or
other major purchases
- Financing business opportunities
- Consolidating existing debt at a
lower rate
- Bridge financing for an unexpected
expense or opportunity
- Rainy-day fund for emergencies
A WLOC can benefit you as an investor
in a variety of ways:
A WLOC can help
you manage your short-term liquidity
needs, keeping your investment goals
on track while minimizing capital gains
exposure and investment losses that
can result from the selling of securities.
Borrowers typically enjoy
greater repayment flexibility than they
do with other lending options. Lending
rates are generally lower than the
rates associated with credit lines from
home-equity lines of credit (HELOCs),
credit-card advances, and other lending
instruments.
To learn more about a Wealth Line of
Credit, speak with a CNB representative
today or visit CNBank.com/WealthLOC.
©2023 Broadridge Investor Communication Solutions, Inc. All rights reserved. This material provided by Matthew J. Alexander.
*Subject to credit approval. Minimum line amount $75,000.
This material is provided for general information purposes only. Investments and insurance products are not FDIC insured, not bank deposits, not obligations of, or guaranteed by Canandaigua National Bank & Trust or any of its affiliates. Investments are subject to investment risks, including possible loss of principal amount invested. Past performance is not indicative of future investment results. Before making any investment decision, please consult your legal, tax or financial advisor. Investments and services may be offered through affiliate companies.