The Loan Management AccountВ®В (LMA В® account) offered through Bank of America is really a flexible credit line that may be used for every function. An LMA accountВ can help whether you’re looking to help a family member, remodel your kitchen, pay taxes or cover education costs. With an LMA account, you will get cash, combine just about any outstanding loans if desired and gain a better image of your balance sheet.
You should use the LMA account as a way that is convenient pursueВ a number of personal and company funding requirements, including:
An LMA accountВ is just a secured credit line that utilizes your current securities, such as for instance stocks and bonds, as collateral. There are not any costs to ascertain, no balance that is minimum yearly fee, to help you access funds as you need to. You have access to funds, generally within one of approval day. You have access to your credit by means of both fixed price and rate that is variable. Your advisor that is financial can you decide on the loan terms that really work best for the specific situation.
Speak to your Merrill Lynch advisor that is financial whether an LMA accountВ may be right for you.
Securities-based funding involves risks that are special. You should review the LMA Loan Agreement and associated papers and disclosures very carefully and consult your very own independent income tax and legal advisors.
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Mon-Thur 8:30 a.m. – 5:30 p.m. 8:30 a.m. – 6:00 p. M friday.
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