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Best Securities-Based Lending or Portfolio Loan Account Providers?

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Does anyone know which bank gives the best rates for securities-based lending or portfolio loan accounts? I know both Wells Fargo and Morgan Stanley do it. Preferably I'd like to use my assets currently in Vanguard as collateral.

I've had some friends do this and they were able to get extremely low rates (e.g. <2%). For the next couple years, I'll be in an artificially high tax bracket that'll incur significant capital gains hits if I liquidate my positions now. I'd prefer to take small loans (<10% of my portfolio) against those assets and pick a better time to sell in the future.

I'm open to other ideas too. I've considered a HELOC but those are much more expensive (~4%).

P.S. I posted previously about a similar idea but have yet to see a comprehensive list of providers w/ rates (https://www.fatwallet.com/forums/finance/1514066)

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Fixed link from OP to prior discussion (no parenthesis)

https://www.fatwallet.com/forums/finance/1514066
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rated:
Consider a low balance transfer credit card from BankAmerica 0% APR / no fee
or Slate from Chase. 0% / fee varies

By doing so, you leave the securities alone until you decide to sell them. Capital gains defers until you sell the securities.

rated:
I have looked at many and used several of these products.  Some discussion older threads:

https://www.fatwallet.com/forums/arcmessageview.php?catid=52&threadid=1268393 
https://www.fatwallet.com/forums/finance/1514066 

Here's the Schwab one:
http://www.schwab.com/public/schwab/banking_lending/pledged_asse... 

here's the new E-trade one:
https://us.etrade.com/bank/line-of-credit 

E-trade's seems strictly worse btw, only 50% CL vs 70% for Schwab, and worse interest rates too.  

however, basically none of these are as good as a straight margin loan at Interactive Brokers.  Their interest rates are much lower and you can borrow at least as much, maybe more.  

https://www.interactivebrokers.com/en/index.php?f=1595 

There are some minor differences in what assets qualify for margin between brokers, but for most people this won't matter.  The Vanguard funds/ETFs OP holds should be fine anywhere, and they should be transferred to the new broker directly without being sold (for tax reasons).  

The reason OP is having trouble finding rates is that many of these are only told to you if you call, not always online (ie Schwab). To give an example about what you'd be charged for interest, if you borrowed $1M your rates would be tied to short term floating rate index in all cases and currently would be:

Broker Rate Max_Leverage
IB 2.2% 2-6x
Schwab 3% 3x
E-trade 4% 2x

Rates will fall generally the more you borrow, but from what I understand of their rate schedules the above order will not change.  IB will still be better, and even lower with larger borrowing.  Other brokers offer margin financing as well (rather than through a pledged asset product), but unless you are an active trader and big margin user, you're unlikely to negotiate rates as good as IB's (which don't require negotiation either). 

you don't need to use the full leverage afforded by these products (most people shouldn't**), but the higher the allowed leverage, the less likely you are to have a margin call for any given level of debt.  For IB, you'd want a Portfolio Margin account to get the higher leverage, which will typically be in the 4-6x range depending on the assets you hold.

https://www.interactivebrokers.com/en/index.php?f=1451 

** if you aren't getting margin calls, you're not leveraged enough. What's wrong, you want to get rich slowly?

rated:
JW10 said:   Consider a low balance transfer credit card from BankAmerica 0% APR / no fee
or Slate from Chase. 0% / fee varies

By doing so, you leave the securities alone until you decide to sell them. Capital gains defers until you sell the securities.

Fwiw if you don't want the balances to show on your credit report, get a chase small biz card that allows bt

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