The 申博菲律宾app|ONE Cash Management Account gives you the tools you need to organize your day-to-day finances.

An alternative to traditional checking and savings accounts, the 申博菲律宾app|ONE Cash Management Account makes it easy to address your short- and long-term cash needs, fund investments, make payments and transfers, access liquidity, and more – seamlessly integrated with your 申博菲律宾app investment account.

Ask your 申慱sunbet手机版 Advisor about how the 申博菲律宾app|ONE Cash Management Account can help you manage your cash assets.

¹Has the cash value protection of a traditional bank account with up to $1 million in FDIC insurance through the 申博菲律宾app Insured Bank Deposit Programs ($2 million for Joint Accounts). It is important to note that with the exception of bank products, such as 申博菲律宾app Smart Rate, FDIC-insured CDs, and the 申博菲律宾app Insured Bank Deposit Programs, investment products offered through 申博菲律宾app are not FDIC-insured, not bank guaranteed, and may lose value.

²申博菲律宾app does not issue a charge for cash withdrawals made at ATMs. We will rebate all reasonable cash withdrawal fees applied to your account by an ATM. We reserve the right to terminate or limit reimbursements if we observe a pattern of fraud or abusive overuse, and to modify or discontinue the ATM rebate program at any time.

³Credit cards are subject to application and credit approval. Contact your Financial Advisor for more information.

⁴Credit and lending services are offered to clients of 申博菲律宾app through our affiliated banks, 申博菲律宾app Bank & Trust and 申博菲律宾app Bank. Credit is subject to approval, and additional information will be provided by 申博菲律宾app Bank & Trust.

申博菲律宾app’s banking and lending services are provided by 申博菲律宾app Bank, Member FDIC, and 申博菲律宾app Bank & Trust, Member FDIC, Equal Housing Lender, NMLS# 375103 (collectively, “申博菲律宾app Banks”). Trust and fiduciary services are provided by 申博菲律宾app Trust Company, N.A., Member FDIC, and 申博菲律宾app Trust Company Delaware, N.A., Member FDIC (collectively, “申博菲律宾app Trust Companies”). 申博菲律宾app Banks and 申博菲律宾app Trust Companies are affiliated with 申博菲律宾app, Nicolaus & Company, Incorporated, Member SIPC & NYSE, each a wholly owned subsidiary of 申慱sunbet手机版 Corp. Unless otherwise specified, references to “申博菲律宾app” may mean 申慱sunbet手机版 Corp. and/or any of its subsidiaries. Unless otherwise specified, products purchased from or held by 申博菲律宾app, 申博菲律宾app Banks, and/or 申博菲律宾app Trust Companies are not deposits or other obligations of 申博菲律宾app, 申博菲律宾app Banks, or 申博菲律宾app Trust Companies, are not guaranteed by 申博菲律宾app, 申博菲律宾app Banks, and/or 申博菲律宾app Trust Companies, and are subject to investment risks, including possible loss of the principal invested. None of 申博菲律宾app, 申博菲律宾app Banks, or 申博菲律宾app Trust Companies provide legal or tax advice.

Residential mortgage lending services for clients of 申博菲律宾app, Nicolaus & Company, Incorporated are performed exclusively by 申博菲律宾app Bank and 申博菲律宾app Bank & Trust (申博菲律宾app Banks). The financial advisors of 申博菲律宾app, Nicolaus & Company, Incorporated do not offer mortgage loans, provide mortgage loan information, or accept residential mortgage loan applications.

Understanding the potential risks of a 申博菲律宾app Pledged Asset (SPA) Line of Credit

Speak with your Financial Advisor about your risk tolerance level, market fluctuations, and specifically the potential risks associated with a 申博菲律宾app SPA Line of Credit.

Securities-based lines of credit involve risk and is not appropriate for all borrowers. The SPA Line of Credit is a full recourse, demand loan using the assets in a brokerage account as collateral and can be called at any time. An increase in interest rates will affect the overall cost of borrowing. The return on your securities must be higher than your financing cost in order for you generate a positive return in your securities account. The market value of your securities may decline, which may result in the value of that collateral no longer covering the outstanding loan amount. In either event, the borrower may be required to post additional collateral and/or repay part or all of any outstanding loan, and 申博菲律宾app Bank & Trust may call the loan and sell or force the sale of the assets in the collateral account, or any other collateral, without contacting the borrower. The borrower can lose more assets than the borrower is required to deposit in the collateral account. The borrower is responsible for satisfying any amount not covered by the collateral.

申博菲律宾app Bank & Trust can increase its collateral maintenance requirements at any time. 申博菲律宾app Bank & Trust may, in its sole and absolute discretion, demand full or partial payment of the SPA Line of Credit at any time, without notice to cover the loan balance and any interest. The borrower is not entitled to an extension of time to meet a collateral maintenance call.

If pledged securities need to be sold, they may be sold without notice, the borrower may not be offered a chance to deposit cash or additional collateral, and the borrower may not be able to pick which securities will be sold, which can interrupt the borrower’s long-term investment strategy. If pledged securities are sold, this could trigger an unfavorable taxable event for the borrower. Neither 申博菲律宾app Bank & Trust nor our affiliates provide tax or legal advice. Borrower should consult with a tax professional.

The borrower is entitled to draw against their SPA Line of Credit only if loan terms and collateral requirements are met and the draw request is approved by 申博菲律宾app Bank & Trust.

There may be alternative ways of borrowing funds that are less expensive and involve less risk. Your Financial Advisor may receive compensation for balances on SPA loans. Your Financial Advisor benefits when the borrower uses the available balance on his or her loan to meet liquidity needs in lieu of selling securities or other investments.