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Borrowing Products and Solutions

See how to make your borrowing more strategic. Talk to an advisor today.

Have you considered how a large purchase, necessary cash flow, or an unexpected expense might affect your long-term financial plans? At Wells Fargo Advisors, there is someone you can talk to. Your financial advisor is here to help you navigate your full financial picture.

If you need funds but don’t want to disrupt your investment plan, securities-based borrowing may be a solution for you.1

Securities-Based Borrowing

Thinking about buying a home or refinancing a mortgage? Your financial advisor can connect you with a dedicated Wells Fargo home lending specialist, who will personally guide you from start to finish.2

Home Financing

Looking for a credit card that offers rich rewards, travel benefits, convenience and more?3

Credit Card

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Wells Fargo Advisors offers a full range of services to help you build and preserve your wealth, as well as manage your borrowing needs. We know seeing the whole financial picture includes thinking about both your assets and liabilities, including investments and loans.

1Clients should read all lines of credit documents carefully.
2All home financing services provided through Wells Fargo Bank, N.A.
3Credit cards subject to credit qualification.

Securities-based lending has special risks and is not appropriate for everyone. If the market value of a client’s pledged securities declines below required levels, the client may be required to pay down the line of credit or pledge additional eligible securities in order to maintain it, or the lender may require the sale of some or all of the client’s securities. Wells Fargo Advisors (WFA) will attempt to notify clients of maintenance calls but is not required to do so. Clients are not entitled to choose which securities in their accounts are sold. The sale of their securities may cause clients to suffer adverse tax consequences. Clients should discuss the tax implications of pledging securities as collateral with their tax advisors. WFA is not a legal or tax advisor. An increase in interest rates will affect the overall cost of borrowing. All securities and accounts are subject to eligibility requirements. Clients should read all lines of credit documents carefully. The proceeds from the Priority Credit Line may not be used to purchase additional securities, pay down a margin account debit, or for insurance products offered by Wells Fargo affiliates. Securities held in a retirement account cannot be used as collateral to obtain a securities-based loan. Securities in a pledged collateral account must meet collateral eligibility requirements.

There are conflicts of interest when WFA recommends that you use a loan secured by your WFA account assets as collateral. WFA and its financial advisors have a financial incentive to recommend the use of securities-based lending (SBL) products rather than selling securities to meet client liquidity needs. Financial advisors will receive compensation on the outstanding loan balance in your Priority Credit Line account. In addition, your financial advisor’s compensation will be reduced if your interest rate is discounted below a certain level. This creates an incentive for financial advisors to recommend Priority Credit Line and other SBL products, such as Margin, as well as an incentive to encourage you to maintain a larger loan balance and to discourage interest rate discounts below a certain level. The interest you pay for the loan is separate from, and in addition to, other fees you may pay related to the investments used to secure the loan; such as ongoing investment advisory fees (wrap fees) and fees for investments such as mutual funds and ETFs, for which WFA and/or our affiliates receive administrative or management fees or other compensation. Specifically, Wells Fargo benefits if you draw down on your loan to meet liquidity needs rather than sell securities or other investments, which would reduce our compensation. When assets are liquidated pursuant to a maintenance call or demands for repayment, WFA and your financial advisor also will benefit if assets that do not have ongoing fees (such as securities in brokerage accounts) are liquidated prior to, or instead of, assets that provide additional fees or revenues to us (such as assets in an investment advisory account). Further, different types of securities have higher release rates than others, which can create a financial incentive for your financial advisor to recommend products, or manage the account, in order to maximize the amount of the loan.

WFA has a lien on the account assets that are used as collateral for the Priority Credit Line accounts. We will act to protect ourselves as lender in connection with the loan and this may be contrary to your interests and/or investment objectives. This lien also creates a conflict of interest with respect to the recommendations your financial advisor makes to you. For example, your financial advisor may recommend that you allocate your investments to your account with a lien rather than to another account without such a lien. Also, your financial advisor may recommend an investment solely to minimize the risk of loss with respect to the collateral.

Priority Credit Lines and margin are provided by Wells Fargo Advisors and carried by Wells Fargo Clearing Services, LLC, as the lender. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.

Lines of credit are subject to credit approval, verification and collateral evaluation. Initial decision is subject to your meeting specific underwriting requirements, and final approval will be based upon your satisfying these requirements. Programs, rates, terms and conditions are subject to change without notice. Other restrictions may apply.

Lending and other banking services available through Wells Fargo Advisors (NMLS UI 2234) are offered by banking and non-banking subsidiaries of Wells Fargo & Company, including, but not limited to Wells Fargo Bank, N.A. (NMLSR ID 399801), Member FDIC, and Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. Certain restrictions apply. Programs, rates, terms, and conditions are subject to change without advance notice. Products are not available in all states. Wells Fargo Advisors is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the Arizona Department of Financial Institutions (NMLS ID 0906158). Wells Fargo Clearing Services, LLC, holds a residential mortgage broker license in Georgia and is licensed as a residential mortgage broker (license number MB2234) in Massachusetts.

Equal Housing Lender