Menu

Updated

Can I open multiple Lines of Credit?

Yes. You can have one Portfolio Line of Credit per eligible Automated Index Investing Account or Automated Bond Portfolio Account type. If you have multiple Taxable Automated Index Investing Account or Automated Bond Portfolio Accounts of the same type (Individual, Joint, or Trust), the larger of the two is eligible for a Portfolio Line of Credit.

Only Wealthfront Individual, Joint, or Trust Taxable Automated Index Investing Account or Automated Bond Portfolio Accounts are eligible to act as collateral for 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

Was this article helpful?

Portfolio Line of Credit is a margin lending product offered only to clients of Wealthfront Advisers LLC by Wealthfront Brokerage LLC. You can learn more about Wealthfront Brokerage Corporation on FINRA's BrokerCheck.

Wealthfront prepared this article for informational purposes and not as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront and its affiliates may rely on information from various sources we believe to be reliable (including clients and other third parties), but cannot guarantee its accuracy or completeness. See our Full Disclosure for more important information.

Wealthfront and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisor. Financial advisory and planning services are only provided to investors who become clients by way of a written agreement. 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. Diversification strategies do not guarantee a profit or protect against loss in declining markets. Past performance does not guarantee future performance. Learn more about Portfolio Line of Credit in the Margin Handbook.

Financial advisory, planning, and investment management services are offered by Wealthfront Advisers LLC (“Wealthfront”), an SEC registered investment adviser. Brokerage products and services offered by Wealthfront Brokerage LLC, member FINRA / SIPC, and a wholly-owned subsidiary of Wealthfront Corporation.