Updated
Can I open multiple Lines of Credit?
Any Wealthfront client with at least $25,000 invested in a Taxable Automated Index Investing Account, Automated Bond Portfolio, S&P 500 Direct Portfolio, or Nasdaq-100 Direct Portfolio is eligible to borrow money using a Portfolio Line of Credit. You are unable to borrow from a Cash Account, IRA account, 529 Plan, Automated Bond Ladder or a Stock Investing Account.
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 |
Portfolio Line of Credit (PLOC) is a margin lending product offered exclusively to clients of Wealthfront Advisers LLC by Wealthfront Brokerage LLC. You should consider the risks and benefits specific to margin when evaluating your options. All investing involves risk, including the possible loss of money you invest. Margin lending can add to these risks, and investors should carefully review those risks as part of their overall financial strategy. Learn more about these risks in the Margin Handbook. PLOC eligibility is subject to a minimum account balance which is subject to change.
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