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Securities-based lending

Key Points

  • Securities-based lending can provide a flexible lending solution at competitive interest rates using eligible non-retirement investments as collateral.
  • Access liquidity while keeping your investment portfolio and strategy intact.
  • Borrowers should consider the risks unique to securities-based lending.

Access cash without selling investments at inopportune times

Your Ameriprise financial advisor helps you achieve your financial goals by understanding your goals and priorities. They also realize that life can present you with opportunities or challenges that may cause you to adapt. By considering your unique needs and situation, your Ameriprise financial advisor can help you respond when you have a short-term liquidity need. 

Through an Ameriprise® Preferred Line of Credit, Offered through Goldman Sachs Select, or a margin loan, you can use a portion of your non-retirement investment portfolio as collateral for cost-effective liquidity. Your Ameriprise financial advisor will help you understand the advantages, limitations and risks of securities-based lending.

Ways that securities-based lending might work for you

Whether you’re in need of bridge financing, expanding your small business or covering the expenses of an unexpected emergency, securities-based lending can be a powerful tool for managing short-term liquidity needs.

Use securities-based lending for:

  • Real estate or construction bridge financing
  • Short-term financing of home improvements and other major life expenses (tuition, wedding, etc.)
  • Cash flow to cover small business or short-term living expenses
  • Managing capital gains taxes
  • An unexpected emergency

Securities-based lending options:

Ameriprise® Preferred Line of Credit


  • Available on a variety of discretionary and nondiscretionary non-retirement accounts
  • Competitive, adjustable interest rates
  • Interest only payments, payable monthly. No maturity date and principal can be repaid at any time without penalty
  • Proceeds cannot be used to purchase or carry margin stock.
  • Minimum credit line size is $75,000; with advances starting at $2,500.
  • No closing costs or application fees; credit check required during underwriting


An Ameriprise Preferred Line of Credit carries certain risk. They include, but are not limited to:

  • Interest rates may rise, increasing the cost of borrowing
  • Market downturns or possible tax implications
  • Securities can be sold (with or without advance notice to the client) to meet maintenance calls at the lenders' discretion
  • You are not entitled to an extension of time to meet maintenance calls
  • The lenders reserve the right to change maintenance requirements and can demand principal repayment at any time
  • Please contact your advisor to receive a copy of the Product Guide and FAQ.

Additional information

  • Ameriprise Preferred Line of Credit lending requirements are set by the lender.
  • An Ameriprise Preferred Line of Credit can be supported by multiple accounts and/or borrowers.
  • Ameriprise Preferred Line of Credit terms and policies are subject to change.

Margin lending


  • Available on non-retirement Ameriprise Brokerage or SPS Advantage Accounts
  • Convenient, easily accessible lending solution at competitive interest rates
  • Proceeds can be used to buy additional securities (i.e. stocks, bonds, etc.) or as a source of cash
  • No closing costs or application fees and no set repayment schedule
  • Not reflected on credit reports
  • Margin interest can be tax deductible, but may be limited to your net investment income (consult your tax advisor)


Margin loans through Ameriprise Financial carry certain risk. They include, but are not limited to:

  • Interest rates may rise, increasing the cost of borrowing
  • You can lose more money than you deposit in a margin account
  • Ameriprise can sell securities (with or without advance notice to the client) to meet margin calls at our discretion
  • You are not entitled to an extension of time to meet any margin calls
  • Ameriprise reserves the right to change margin maintenance requirements at any time
  • Please review Important information about borrowing on margin (Form 200252) for more information about the risks.

Additional information

  • Margin lending requirements are set by Ameriprise Financial in accordance with guidance from The Federal Reserve and FINRA.
  • The minimum equity required to open a margin account is $2,000.
  • Margin loan terms and policies are subject to change.

Flexible liquidity options at competitive rates that keep your investment strategies intact.

Learn More

Take the next step

To find out more about the Ameriprise Preferred Line of Credit or margin lending, contact your Ameriprise financial advisor or locate an advisor near you.

Our advisors know that trust is a matter of work, not words.

Or, request an appointment online to speak with an advisor.


At Ameriprise, the financial advice we give each of our clients is personalized, based on your goals and no one else's. 

If you know someone who could benefit from a conversation, please refer me.

Background and qualification information is available at FINRA's BrokerCheck website.

Margin Lending
Margin accounts offered through Ameriprise Financial Services, LLC (AFS) carry certain risks. They include, but are not limited to: potential to increase investment losses, clients can lose more money than they deposit in a margin account, risk that clients could be forced to sell investments if maintenance requirements are not met, we can sell securities (with or without advance notice to the client) to meet margin calls at our discretion, and clients are not entitled to an extension of time to meet any margin calls. AFS reserves the right to change margin maintenance requirements at any time.
Negotiated margin interest rates are subject to review and approval and are based on the Broker Call rate as published in The Wall Street Journal. Rates are set at the discretion of AFS, with reference to commercially recognized interest rates, industry conditions regarding the extension of margin credit and general credit conditions.
Ameriprise® Preferred Line of Credit, offered through Goldman Sachs Select
Securities-based lines of credit may not be appropriate for all parties (e.g., borrowers, pledgors, and guarantors) and carry a number of risks, including but not limited to the risk of a market downturn, tax implications if pledged securities are liquidated, and the potential increase in interest rates. If the value of pledged securities drops below certain levels, parties may be required to pay down the line of credit and/or pledge additional securities. The risks are described in the Product Guide and FAQs available upon request. These risks and whether a securities-based line of credit is appropriate should be considered before proceeding.
Please review the Loan and Security Agreement and all Ameriprise Preferred Line of Credit documents for the terms and conditions governing your line of credit.
Ameriprise Preferred Line of Credit is offered by Ameriprise Bank, FSB and the Salt Lake City branch of Goldman Sachs Bank USA (GS Bank) as co-lenders or sole lender, as applicable. Ameriprise Bank, FSB and GS Bank are not affiliated. 
GS Bank is a New York State–chartered bank and a wholly-owned subsidiary of The Goldman Sachs Group, Inc. GS Bank is a member of the Federal Reserve System and Member FDIC. Goldman Sachs Private Bank Select® is a business of GS Bank. Goldman Sachs Private Bank Select and GS Select are registered trademarks of Goldman Sachs & Co. LLC. 
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Please refer to Ameriprise Managed Accounts Client Disclosure Brochure and Appendix to Other Important Brokerage Disclosures for more information on pledging your Ameriprise managed account(s) and Ameriprise brokerage account(s).
Investment products are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Ameriprise Financial, Inc. and its affiliates do not offer tax or legal advice. Consumers should consult with their tax advisor or attorney regarding their specific situation.
Goldman Sachs does not provide legal, tax or accounting advice. Any statement concerning U.S. tax matters is not intended or written to be used and cannot be used for the purpose of avoiding penalties imposed on the relevant taxpayer. The taxpayer should obtain their own independent tax advice based on their particular circumstances.
This is not a commitment to lend. Credit qualification and collateral are subject to approval. Additional terms and conditions would apply.  Products, rates, qualifications, and terms and conditions are subject to change without notice.
The proceeds from Ameriprise Preferred Line of Credit may not be used to purchase, carry or trade margin stock, or to pay down any existing margin loan balance and cannot be deposited with Ameriprise Financial, Inc. or any of its subsidiaries, either directly or indirectly, under any circumstances. The proceeds from Ameriprise Preferred Line of Credit may be deposited into bank accounts held at GS Bank or other depository institutions.
Ameriprise Bank, FSB provides deposit, lending, and personal trust products and services to its customers, including clients of Ameriprise Financial Services, LLC. (AFS). Ameriprise Bank, FSB and AFS are subsidiaries of Ameriprise Financial, Inc. AFS financial advisors may receive compensation for selling bank products.  
Only the following companies are affiliated with Ameriprise Financial, Inc.
Ameriprise Bank, FSB.  Member FDIC.
Margin lending and brokerage clearing services provided by American Enterprise Investment Services, Inc. (AEIS). Member FINRA and SIPC.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.  
Ameriprise Financial Services, LLC. Member FINRA and SIPC.