Ready Access

Your Personal Line of Credit

Smart Borrowing Means Choices

In a well-structured portfolio, cash is as important as stocks and bonds. Yet we find that many investors do not spend as much time researching their cash alternatives – including borrowing options – as they do other investments.

High interest loans can be devastating to your overall return. The impact is often sufficient to substantially reduce or even negate the positive effect of interest earned on your investments. And as loan rates rise, the result can prove even more expensive. That’s why it’s important to understand your options. Selecting Ready Access® – a personal line of credit that enables you to take advantage of our low borrowing rates and use eligible securities as collateral – may enhance overall profitability.

The Choice to Access Your Money When You Need It

Securities – including stocks, bonds, and mutual funds – held at Raymond James may be a source of immediate cash at highly competitive loan rates, with no restrictions on how loan proceeds are used. Our personal line of credit allows clients to take advantage of this borrowing power.

Once approved for Ready Access – in most cases within 24 hours after we receive the proper paperwork – you are able to borrow against the value of your eligible securities.

• Lets you borrow against your eligible securities,
• Offers competitive interest rates – at, near or below prime– based on the amount borrowed,
• Saves you time by eliminating delays associated with loan committee reviews,
• Usually provides cash the day of your request,
• Eliminates loan applications and closing costs,
• Lets you set a convenient repayment schedule, and
• Enables you to continue collecting dividends and interest on your margined securities.

What’s more, you will continue to receive dividends and interest from those investments, provided that sufficient equity is maintained in the account.

With Ready Access, your securities continue to work for you – just the way they should. Best of all, they are based on The Wall Street Journal’s published prime rate ... a guarantee that our rates are competitive – always at, near or below prime, based on the amount you borrow.

The Choice to Use Your Loan Proceeds However You Wish

Thanks to the flexibility of Ready Access, your personal line of credit is there when you need it, with virtually no restrictions on how the loan is used.

Consider the possibilities:

• Your child or grandchild is in college. Tuition is due but you do not have enough cash on hand and prefer not to liquidate assets. With your personal line of credit, you can borrow what is needed and leave your investments intact.
• You have just begun searching for a new home. Before considering financing, you find the perfect place. Ready Access can provide a bridge loan to purchase your new home.
• Your business continues to grow. You have just secured a major account and need to add additional staff, furniture and office equipment. With Ready Access, you have immediate access to the necessary funds.
• You can also use Ready Access to take that dream vacation, consolidate debt or take advantage of potential investment opportunities – the possibilities are endless and the choice is yours.

The Choice to Repay Your Loan When You Want

You can establish a repayment schedule convenient for you, as long as the equity in your Raymond James account is sufficient to support your debit. You determine when to make payments as well as the amounts. Although it would not be prudent to maintain an outstanding debit balance for an indefinite period of time, this type of flexibility allows you to adjust payment amounts to accommodate unexpected events without having to contact us.

It’s your personal line of credit ... it’s your choice.

Ready Access interest rates are often substantially lower than those available from other lenders. These competitive rates, along with no points or closing costs, can mean more cash for you – and the larger the loan, the lower the interest rate. Investors may even benefit from tax deductions if the loan is used for certain investments. Please consult your tax advisor to discuss potential opportunities for your specific circumstances.

Borrowing Power

Your particular rate will vary with the size of your average debit balance according to the following schedule:

*Base rate is currently equal to the prime rate, which for this purpose is defined as the base rate of interest on corporate loans posted by at least 75% of the nation’s 30 largest banks, as published in the “Money Rates” section of The Wall Street Journal.

Ready Access is a margin account and may not be suitable for all investors. Borrowing on margin and using securities as collateral may involve a high degree of risk. Market conditions can magnify any potential for loss. If the market turns against the investor, he or she may be required to deposit additional securities and/or cash in the account. The securities in the account may be sold to meet the margin call, and the firm can sell the investor’s securities without contacting them. The interest rates charged are determined by the amount borrowed. Please visit sec.gov/investor/pubs/margin.htm for additional information.

Please contact your financial advisor today for complete details on the Ready Access account.

The Raymond James Ready Access Account provides flexible support when you need it most. For complete details, please contact your financial advisor or use the convenient Office Locator to find our office(s) nearest you today.

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