We have introduced enhancements to the Receipts Report, giving you more visibility into redemptions, and making it easier for you to identify and invest cash.
 
What’s New?

• Activity code 526 added: Activity code “526 Full or Partial Call” has been added to the Receipts Report, found in Liberty under Standard Reports.

Activity code 526 is triggered by Liberty when a bond or preferred stock is redeemed. Although this is reported as a Sell, with a realized gain or loss, the timing of this event can be different than the original maturity date and is not triggered by the advisor. 
With these changes, you gain enhanced visibility into redemptions not initiated by you, ensuring cash is invested promptly. As a reminder, the receipts report includes the following activity codes in addition to all cash receipts and transfers in:
 
314    Advisor Fee Reimbursement
321    Custodial Fee Reimbursement
402    Dividend Cash
404    Interest
436    Maturities, Redemption
438    Principal Payment
902    Reimburse Fee
506    Payoff
526    Full or Partial Call

​Questions? Please reach out to your Client Service Advocate.

Initiation of Fed Rate Cuts May Be Good Timing for Client Engagement on Potential Liquidity Needs 
by Jeff Holmes, Director of Consumer Lending & Advisor Banking 

With the recent initiation of Fed rate cuts, now might be a good time for discussions with clients about establishing a Securities-Backed Credit Line (SBLOC), a no-fee, variable rate product with total flexibility on borrowing and repayment. 

An SBLOC conversation could lead to a broader and deeper client relationship, and provide a valuable option when short-term liquidity needs might otherwise disrupt a carefully planned investment strategy.
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With a couple of clicks on the Liberty Portal, advisors can see the borrowing power and interest rate for any qualified client prior to initiating an application. 

SBLOCs are currently available for taxable individual and joint accounts over $150,000, and Trust accounts will be eligible in the next few months. 

See Quick Links to the SBLOC Liberty User Guide and FAQs. 

​Questions? 
Please reach out to our Premier Banking and Lending Solutions team at 877-887-3030 for more information, or contact Jeff Holmes directly at [email protected] | 847-609-1415 ​