Reserve Line of Credit

Edward Jones Reserve Line of Credit will be available to targeted groups in 2023. Check with your financial advisor to see if the loan is available in your state.

When expenses come up, planned or otherwise, it may be tempting to sell investments or tap into your emergency fund to cover them. However, you might want to consider another option – borrowing against certain non-retirement accounts.

This borrowing solution may be appropriate for:

  • Short-term financing (for example, bridge financing for a home loan or a short-term need until a CD or bond matures)
  • Education financing
  • Assisting family members
  • Home renovations or repairs
  • Tax bill

How it works

Instead of borrowing from a bank, you borrow from an affiliated non-bank lender, Edward Jones, SBL, LLC using securities within your eligible Edward Jones accounts as collateral. You can borrow against your Edward Jones Advisory Solutions Fund®, Advisory Solutions UMA® and Guided Solutions Fund® accounts.

The securities within your accounts serve as a source of collateral for the loan. Depending on the eligibility of the account, you may be able to borrow up to 70% of the value of your eligible, non-retirement assets. You may select one or more eligible accounts to pledge as collateral. (You are still able to trade securities and access cash within pledged accounts, so long as minimum maintenance requirements are met.)


You may apply for a Reserve Line of Credit in the minimum amount of $51,000, which will generally require a minimum pledged collateral value of $73,000, actual value will vary depending on underlying collateral.

The Reserve Line of Credit is offered by Edward Jones, SBL, LLC, a non-bank lender. The availability of the Reserve Line is dependent on whether the lender is authorized to extend credit in the state where you reside, the value of the assets, including securities held in the pledged accounts and the eligibility guidelines set forth in the Reserve Line of Credit Agreement.

Why you might use it

A Reserve Line of Credit could help keep your long-term investment strategy intact. It allows you to retain ownership of your investments and potentially avoid tax consequences of selling investments.

This may not be the solution for everyone. As with any loan, there are risks involved. Ask your financial advisor if this might be the right strategy for you.


The Reserve Line of Credit offered by Edward Jones SBL, LLC is an uncommitted demand line of credit secured by eligible securities in select investment account(s). Borrowing against securities has its risks and is not appropriate for everyone. You can lose more funds than you deposit in your account. If the value of your collateral declines, you may be required by Edward Jones SBL, LLC to deposit cash or additional securities, or the securities in your account may be sold to meet the maintenance call without notice to you. You may not be entitled to choose which securities or other assets in your accounts are liquidated or sold to meet a maintenance call. Edward Jones SBL, LLC can increase its maintenance requirements at any time and/or not grant an extension of time. Interest will begin to accrue from the date of the first advance and be charged to your account. Available only on certain types of accounts.

How to apply

The process to apply for a Reserve Line of Credit starts with a conversation between you and your financial advisor to determine if a Reserve Line of Credit is an appropriate solution. If so, you will complete a loan application that will be submitted for underwriting review. Approved clients will have access to their loan within 1 to 3 business days.

Our current rates

Reserve Lines of Credit (securities-based loans) share the same pricing tiers and rates as Personal Line of Credit (margin loans). The interest rate is a variable rate that fluctuates with the base rate. Edward Jones SBL, LLC uses a base rate of 4.00% or the current prime rate, whichever is higher. The prime rate used by Edward Jones to determine the interest rate charged is the prime rate as published in the Wall Street Journal and the amount by which the interest rate charged on each loan account exceeds the prime rate varies according to the size of the client's total assets under care. Visit for current Reserve Line of Credit rates.

Important Information:

The Personal Line of Credit (margin loan) is offered by Edward D. Jones & Co., L.P. ("Edward Jones") which is a SEC dually registered broker-dealer and investment advisor, not a bank. The Reserve Line of Credit is offered by Edward Jones, SBL, LLC, a non-bank affiliate of Edward Jones. Borrowing against securities has its risks and is not appropriate for everyone. Before making the decision to take advantage of a borrowing solution, such as a Personal Line of Credit (margin loan) or Reserve Line of Credit, it is important that you understand the associated terms and conditions; the risks and costs associated with each borrowing solution; and how the performance of your accounts may be negatively affected. For further information, contact your Edward Jones financial advisor.