Banking Services

As a valued Wachovia Securities client, you will receive tremendous benefits from our affiliation with Wachovia Bank, N.A. You can turn to a Wachovia Securities Financial Advisor for assistance with virtually all of your borrowing needs. Our Financial Advisors work with dedicated lenders, who provide a variety of lending products and options that can help you achieve your long-term goals.

Using a consultative approach, dedicated lenders with other Wachovia affiliates and your Financial Advisor can compare strategies that match your individual, including your tax situation, wealth-creation strategy, and time frame.

Consider the possibilities:

  • Mortgages - including 100% financing, construction-permanent loans and other innovative, flexible mortgage solutions
  • Home equity financing
  • LIBOR-based brokerage-secured lines of credit
  • Business equipment, boat and plane financing
  • 1031 exchanges

At Wachovia Securities, we believe the prudent use of debt can be an effective tool when properly aligned with your overall financial strategy. Refinancing high-interest debt can reduce monthly payments, freeing up cash to invest. Borrowing against your securities while staying invested allows you to sell stocks according to your investment plan rather than liquidity needs, and provides avoidance to potential negative tax consequences.

If you would like to review whether refinancing your existing debt could save you money, or if you are in the market for any kind of loan, contact a Wachovia Securities Financial Advisor today and ask for more details about our banking services.

10/07, 0707 - 54936

Wachovia Securities does not provide tax or legal advice. Be sure to consult with your own tax and legal advisors before taking any action that may have tax consequences.

Equal Housing Lender

Lending and other banking services available through the Banking Services Group of Wachovia Securities are offered by banking and non-banking affiliates of Wachovia Corporation, including, but not limited to Wachovia Mortgage, FSB, Wachovia Mortgage Corporation, Wachovia Bank, National Association, Wachovia Bank of Delaware, National Association, or Wachovia Financial Services, Inc. All loans and lines of credit are subject to credit approval, verification and collateral evaluation. Products are not available in all states. Programs, rates, terms and conditions are subject to change without notice. Certain restrictions apply.

There are costs of setting up a home-equity line of credit that may include some or all of the following: home appraisal, application fees and closing costs. Failure to repay the amounts you've borrowed, plus interest, could lead to the loss of your home.

There are risks associated with using brokerage assets as collateral including default; please read your Agreement and Disclosure Statement, which will be included in your application package. Securities held in a retirement account cannot be used as collateral to obtain a loan. If the market value of collateralized securities falls below the minimum requirement, you would be required to deposit additional securities in your pledge account or reduce your loan balance. The proceeds from an asset backed loan may not be used to purchase additional securities or to pay off margin debt.

LIBOR stands for London Interbank Offered Rate. It is the interest rate charged on U.S. dollar loans by participants in London's inter-bank market. All leases are offered by Wachovia Financial Services, Inc., a subsidiary of Wachovia Bank, National Association, and assigned to a third party. Wachovia Bank, N.A. and Wachovia Bank of Delaware, N.A. are Members FDIC and Equal Credit Opportunity Lenders. Aircraft and Big Ticket leasing services are available through Wachovia Equipment Finance Group, a division of Wachovia Capital Markets, LLC. Wachovia Capital Markets, LLC is a non-bank subsidiary of Wachovia Corporation. 1031 exchanges are offered through Wachovia Bank, National Association, separate affiliates of Wachovia Securities, LLC and subsidiaries of Wachovia Corporation.

Securities and Insurance Products: Not Insured by FDIC or any Federal Government Agency; May Lose Value; Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate

Wachovia Securities is the trade name used by three separate, registered broker-dealers and nonbank affiliates of Wachovia Corporation. Retail securities brokerage services offered through Wachovia Securities, LLC, Member NYSE/SIPC and Wachovia Securities Financial Network, LLC, Member FINRA/SIPC. Corporate and Investment Banking services offered through Wachovia Capital Markets, LLC, Member NYSE, FINRA, and SIPC. A.G. Edwards is a division of Wachovia Securities, Member SIPC.