LIBERTY - NOW AVAILABLE: Enhancements to Receipts Report for Increased Trade Event Visibility10/25/2024
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?
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. 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 |
Please contact your Client Service Advocate if you have any questions or concerns about these posts.
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