How Lena used a securities-based line of credit to fund assisted living for her aging parents
While managing the demands of her career, Lena also sought to financially support her aging parents as they transitioned to assisted living. Uncertain how she would fund the sizable monthly care costs—with most of her wealth tied up in long-term investments—Lena turned to her advisor.
Together, they explored a securities-based line of credit (SBLOC), which offered a flexible way to meet expenses now without having to sell assets.
