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Can I open multiple Lines of Credit?

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

Any Wealthfront client with at least $25,000 invested in a Taxable Automated Index Investing Account, Automated Bond Portfolio, or S&P 500 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

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Portfolio Line of Credit is a margin lending product offered exclusively to clients of Wealthfront Advisers by Wealthfront Brokerage LLC. You should consider the risks and benefits specific to margin when evaluating your options. Learn more about these risks in the Margin Handbook. PLOC eligibility is subject to a minimum account balance which is subject to change.

Investment management and advisory services are offered by Wealthfront Advisers LLC, an SEC registered investment adviser. Brokerage products and services offered by Wealthfront Brokerage LLC, member FINRA / SIPC.

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