Menu

Updated

Can I open multiple Lines of Credit?

Yes. You can have one Portfolio Line of Credit per eligible account type. If you have multiple accounts of the same type, the larger of the two is eligible for a Portfolio Line of Credit.

Only joint and personal accounts are eligible to act as collateral for a Portfolio Line of Credit

Example

Account Name

Account Type

Account Balance

Eligible?

My Personal Account 1

Personal

$120,000

Yes

My Personal Account 2

Personal

$100,000

No

My Joint Account 1

Joint

$150,000

Yes

My Joint Account 2

Joint

$110,000

No

Disclosure

All investing involves risk, including the loss of your principal investment(s), and past performance does not guarantee future results. Margin lending can add to these risks, and investors should carefully review those risks as part of their overall financial strategy. Diversification strategies do not guarantee a profit or protect against loss in declining markets. Learn more about Portfolio Line of Credit in the Margin Handbook.

Financial advisory services are offered by Wealthfront, Inc., an SEC-registered investment adviser. Brokerage products and services are offered by Wealthfront Brokerage Corporation, member FINRA / SIPC, and a wholly-owned subsidiary of Wealthfront, Inc.

Was this article helpful?