SECURITIES FINANCING
Stock loan program offers the intelligent investor a third option. That investor can hold the majority or all of his or her assets in high-yield equity securities. When the need for liquidity arises, the investor can then use those securities as collateral for a loan without forfeiting any price growth and other value increases in those securities. During the term of the loan, the collateral securities are held in a custodial account and the investor can use the loan cash principal balance for any purpose, including further diversification and growth of the investor's portfolio.