The new LGT Crestone Lombard Loan
Designed to provide you with greater financial flexibility, consolidated reporting with the convenience of dealing with a single provider.
Designed to provide you with greater financial flexibility, consolidated reporting with the convenience of dealing with a single provider.
In the coming weeks we will be introducing a new margin lending service to help streamline your portfolio gearing. We will be looking to transition you from your margin loan to a new LGT Crestone Lombard Facility. Importantly, your existing provider has provided notice that from 16 November 2022, it will no longer administer the current margin lending services for LGT Crestone clients.
Your adviser will be in touch with documentation required to move your current loan, along with the terms and conditions of the new LGT Crestone Lombard Facility. Provided you accept the new LGT Crestone terms and provide us with your authorisation we will be able to establish your new Lombard Facility account.
If you don't want to open a new LGT Crestone Lombard Facility, please let your adviser know as soon as possible. We will then consider the available options with you and make the agreed arrangements with your existing lender.
Internationally, LGT provides lending services to many high net worth families and family offices.
Now that LGT Crestone is introducing this capability in Australia, it means you can take advantage of the balance sheet strength of the world's largest privately owned wealth and asset management group for your portfolio's investment lending needs.
By moving your lending to us you could benefit from:
A ’Lombard’ loan is a term used for lending secured by an asset, typically against an investment asset like equities, bonds or an investment fund. The lender typically lends against a percentage of the assets, known as a loan to value ratio. The term is derived from European private banking, and is synonymous with margin loans in Australia.
The LGT Crestone Lombard Facility will provide similar features and benefits to your existing margin loan.
Depending on the securities you hold in your portfolio there may be differences in the Loan to Value Ratio (LVR). The applicable interest rates may also change. Your adviser will provide further information on the new LVR and interest rates.
If you don't want to open a new LGT Crestone Lombard Facility, please let your adviser know as soon as possible. We will then consider the available options with you and make the agreed arrangements with your existing lender.
Your interest rate may change with market conditions and the level of utilisation of your loan. Your adviser will provide you with further information regarding pricing.
Depending on the securities you hold in your portfolio, the LVRs may differ from your existing loan provider. Your adviser will provide you with further information regarding these changes.