Firenze partners with independent wealth management business, Lincoln Private Investment Office, citing the ability for clients to borrow against their investment portfolios, including offshore bonds, as a key differentiator versus private banks.
A client of Multrees Investment Services, with whom we announced our partnership with earlier this month, Lincoln joins our growing number of partners who are offering their clients a more holistic approach to their investment management.
Lincoln pride themselves on making wealth management work for their clients, and this now includes Lombard lending (also known as portfolio lending) with Firenze.
Giving their clients the ability to borrow against their investments, releasing liquidity without selling assets, is now a key lever in Lincoln’s tool set.
From satisfying short term liquidity needs, such as bridging finance to purchase a property or financing school fees, to more long-term strategic uses, such as estate planning, the options now available to Lincoln’s clients suit a wide range of requirements.
An early example of Lincoln tailoring their offering to meet a client’s individual requirements was when a client wanted to release funds for a new investment opportunity without liquidating their offshore bond portfolio. Using Firenze’s solution, the client was able to use their portfolio as security against the facility, keeping their investments in place without using any of their 5%, tax-free, offshore bond withdrawal allowance.
The application itself was submitted within 15 minutes, and the whole process was completed in under 2 weeks, enabling the client to access funds in plenty of time before making their investment.
The solution becomes even more appealing when the client is only required to pay back the interest on the funds drawn, giving them time to reap the rewards from the investment opportunity before repaying the loan in full.
This offers a more flexible and efficient approach than if the client had sold their investments, benefitting from both the returns of the assets that remain invested, as well as the returns from their new investment opportunity.
It was a win-win situation. The ability to offer a flexible, quick and accessible solution enabled Lincoln’s client to take advantage of the opportunities they were presented with.
Being able to act fast, while keeping assets invested, ensured that the client felt supported and equipped to make a clear decision about their long-term investment strategy.
If you have clients that would benefit from a similar solution, or if you would like to understand more about how Firenze can support you in adding Lombard lending to your client proposition, please reach out to our team here