LPL Financial advisors and their clients are now able to access TriState
Capital Bank’s (TriState) online securities-based lending1
(SBL) platform, AccessTSC. LPL’s industry-leading, 16,000-advisor
network can access the lending platform directly from LPL’s ClientWorks
portal through single-sign on.
“LPL is a longtime TriState partner, and we are excited to launch an
advisor-centric technology solution to further enhance our SBL
offering,” said TriState’s President of Private Banking, Chuck Fawcett.
“This is an extension of our commitment to delivering best-in-class
TriState’s commitment and dedication to securities-based lending is
long-standing. It serves as a large component of TriState’s focus on
solutions that support, but never compete against, financial advisors in
their service to clients.
The platform enables seamless, online collaboration between advisors and
their clients as they progress through the SBL process. The digital loan
application is streamlined from beginning to end and utilizes data
aggregation and e-signature technology to reduce time and maximize
client satisfaction. Advisors and their teams can monitor and manage
client lines of credit in real time with automated loan servicing
“TriState Capital’s success has been built on strong relationships
through exceptionally personalized service,” said President and CEO of
TriState Capital Bank Brian Fetterolf. “Our relationship and direct
technology integration with LPL underscores the bank’s commitment to a
AccessTSC enables continuity of clients’ investment strategies and
objectives such as real estate acquisitions, luxury item purchases,
business investments, debt refinancing, short-term cash needs or bridge
facilities, and general liquidity for personal or business expenses.
The platform’s comprehensive suite of tools provides secure, 24/7 access
and provides loan origination, monitoring and servicing capabilities
that allow users to engage with TriState where they want and how they
“We are committed to providing our advisors the technology and digital
capabilities that create efficiency in their practices and empower them
to be successful. TriState’s enhanced digital platform supports that
commitment, supporting advisors’ ability to deliver a personalized,
digital experience that can increase value with clients,” said Burt
White, LPL Financial managing director.
More information on AccessTSC, as well as other private client and
middle-market business solutions by TriState, can be found at TriStateCapitalBank.com.
ABOUT TRISTATE CAPITAL
TriState Capital Holdings, Inc. (Nasdaq:TSC) is a bank holding company
headquartered in Pittsburgh, Pa., providing commercial banking, private
banking and investment management services to middle-market companies,
institutional clients and high-net-worth individuals. Its TriState
Capital Bank subsidiary had $6.3 billion in assets, as of March 31,
2019, and serves middle-market commercial customers through regional
representative offices in Pittsburgh, Philadelphia, Cleveland, Edison,
N.J., and New York City, as well as high-net-worth individuals
nationwide through its national referral network of financial
intermediaries. Its Chartwell Investment Partners subsidiary had $9.7
billion in assets under management, as of March 31, 2019, and serves
institutional clients and TriState Capital’s financial intermediary
network. For more information, please visit Investors.TriStateCapitalBank.com.
Securities-based lending is non-purpose margin lending secured by
eligible, marketable securities. The proceeds of the line of credit
cannot be used to purchase securities. Securities-based lending has
special risks and is not suitable for all investors. The risks of
securities-based lending include: (i) market fluctuations that may
cause the value of pledged assets to decline, (ii) a decline in the
value of the pledged securities could result in selling the
securities to maintain equity, and (iii) possible adverse tax
consequences as a result of selling securities. TriState Capital
Bank is a member of the FDIC.