AccessTSC’s technology solution simplifies securities-based loan process
LPL Financial advisors and their clients are now able to access TriState Capital Bank’s (TriState) online securities-based lending1 (SBL) platform, AccessTSC. LPL’s industry-leading, 16,000-advisor network can access the lending platform directly from LPL’s ClientWorks portal through single-sign on.
“LPL is a longtime TriState partner, and we are excited to launch an advisor-centric technology solution to further enhance our SBL offering,” said TriState’s President of Private Banking, Chuck Fawcett. “This is an extension of our commitment to delivering best-in-class advisor solutions.”
TriState’s commitment and dedication to securities-based lending is long-standing. It serves as a large component of TriState’s focus on solutions that support, but never compete against, financial advisors in their service to clients.
The platform enables seamless, online collaboration between advisors and their clients as they progress through the SBL process. The digital loan application is streamlined from beginning to end and utilizes data aggregation and e-signature technology to reduce time and maximize client satisfaction. Advisors and their teams can monitor and manage client lines of credit in real time with automated loan servicing functionality.
“TriState Capital’s success has been built on strong relationships through exceptionally personalized service,” said President and CEO of TriState Capital Bank Brian Fetterolf. “Our relationship and direct technology integration with LPL underscores the bank’s commitment to a true partnership.”
AccessTSC enables continuity of clients’ investment strategies and objectives such as real estate acquisitions, luxury item purchases, business investments, debt refinancing, short-term cash needs or bridge facilities, and general liquidity for personal or business expenses.
The platform’s comprehensive suite of tools provides secure, 24/7 access and provides loan origination, monitoring and servicing capabilities that allow users to engage with TriState where they want and how they want.
“We are committed to providing our advisors the technology and digital capabilities that create efficiency in their practices and empower them to be successful. TriState’s enhanced digital platform supports that commitment, supporting advisors’ ability to deliver a personalized, digital experience that can increase value with clients,” said Burt White, LPL Financial managing director.
More information on AccessTSC, as well as other private client and middle-market business solutions by TriState, can be found at TriStateCapitalBank.com.
ABOUT TRISTATE CAPITAL
TriState Capital Holdings, Inc. (TSC) is a bank holding company headquartered in Pittsburgh, Pa., providing commercial banking, private banking and investment management services to middle-market companies, institutional clients and high-net-worth individuals. Its TriState Capital Bank subsidiary had $6.3 billion in assets, as of March 31, 2019, and serves middle-market commercial customers through regional representative offices in Pittsburgh, Philadelphia, Cleveland, Edison, N.J., and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. Its Chartwell Investment Partners subsidiary had $9.7 billion in assets under management, as of March 31, 2019, and serves institutional clients and TriState Capital’s financial intermediary network. For more information, please visit Investors.TriStateCapitalBank.com.
|1||Securities-based lending is non-purpose margin lending secured by eligible, marketable securities. The proceeds of the line of credit cannot be used to purchase securities. Securities-based lending has special risks and is not suitable for all investors. The risks of securities-based lending include: (i) market fluctuations that may cause the value of pledged assets to decline, (ii) a decline in the value of the pledged securities could result in selling the securities to maintain equity, and (iii) possible adverse tax consequences as a result of selling securities. TriState Capital Bank is a member of the FDIC.|