Linking or removing a margin loan

To link a margin loan to an existing Wrap Investment account or standalone Cash Management Account (CMA):

• complete the Security Interest Pledge Form, available on Adviser Tools
• ensure the form is signed by both the margin lender and investor(s)
• upload the signed form via Request Centre

Margin loans can only be linked to new Wrap Investment accounts and must be applied for directly with the margin lender. Once successful, the margin loan details can be entered into the new Wrap Investment account application in stage 1.

To link a margin loan upon account opening:

1. Log in to Adviser Online and select Applications and click Open an account and then Open Wrap
2. Select Create a new application
3. In stage 1 enter your adviser details and the application type (Email your client/s or Print, sign and upload)
4. Enter the product details and select yes to Linked to a margin loan?
5. Enter the margin loan details including the margin lender, client margin loan number, margin loan open date, link the account as and the margin lender nominated account details.

Not all lenders have provided straight through processing via the online application. If the lender you’re looking for isn’t available to select in the online application, you’ll need to complete a paper application form.

For margin lender accounts, the margin lender is the signatory and the client has enquiry authority only, so all account requests that are signed by the client must also be signed by the margin lender. 

This includes but is not limited to:

• periodic payments from the Cash Management Account (CMA), Cash Account or Wrap Cash Account
• direct debits