Borrowing against securities may not be appropriate for everyone. Clients must be aware that there are risks associated with a securities based loan, including possible maintenance calls on short notice, and that market conditions can magnify any potential for loss. For details, please see the important disclosures at the bottom of this page.
Wealth Management
Financing Made Easy With Liquidity Access Line*
Rates as low as 4.65%* on new advances of $50,000 or more. On new advances, the offer expires on April 17, 2026. On existing maturing advances, the offer expires on April 30, 2026. Liquidity Access Line is a securities based loan that uses the eligible securities in your brokerage account as collateral for a line of credit.
For a Limited Time Only, Take Advantage of Promotional Fixed Rates*
With a fixed interest rate on Liquidity Access Line, your rate will remain constant over the life of the advance, even in a changing interest rate environment. Please contact your Morgan Stanley team** to help you lock in your rate.
4.65%
For a 1 Year Term
4.90%
For a 3 Year Term
Use for a Wide Range of Needs: Everyday or Large Purchases
A Liquidity Access Line can be used for most personal and business purposes, helping to preserve your portfolio and investment strategy***
Real Estate
Business Opportunities
Tax Obligations
Get Access to Liquidity with:
A Simple Application Process
Fast Access to Funds Once Approved
Flexible Repayment Options
Want to Learn More?
Talk to your Morgan Stanley team about how Liquidity Access Line fits into your long-term financial goals and investment strategy.
Important Considerations
- For clients that have an existing Liquidity Access Line, the promotional rate will apply to new eligible advances that are an increase over the closing balance on 2/13/2026. Any Liquidity Access Line balance paid down after 2/13/2026 will reduce the eligible amount of new advances for the promotional rate. Promotional rates may not be applied to advances used to pay down another Morgan Stanley loan product.
- A prepayment fee will apply if the client pays off any portion of the principal of a Fixed Rate Advance prior to the payment date, including if the loan is demanded. For greater clarity, this means that the fee can apply in the event of a demand of your LAL, in the event that all or a portion of any Fixed Rate Advance needs to be repaid in order to satisfy a maintenance call, or in the event that you choose to prepay any Fixed Rate Advance in an effort to take advantage of changing market conditions. The prepayment fee can vary widely based on, among other things, prevailing rates at the time of the prepayment and the remaining time left on the Fixed Rate Advance.
- Rates are subject to change during the promotional period, but once you take a Fixed Rate Advance your rate will not change for the time period you selected.
- Principal payments made during the promotional period will reduce the eligible amount of new advances for the promotional rate.
- When the term of the Fixed Rate Advance ends, any remaining balance will be added to the balance of the Liquidity Access Line at the variable rate effective as of that date.
- Additional Fixed Rate Advance terms are available at non-promotional rates. Talk to your Morgan Stanley Team for more information.
* Displayed rate effective as of 2/17/2026. On new advances, the offer expires on April 17, 2026. On existing maturing advances, the offer expires on April 30, 2026. Rates and promotion dates subject to change. Fixed Rate Advances are subject to prepayment fees. See below for more details.
** Morgan Stanley Virtual Advisor Clients Call 888-454-0555
*** A non-purpose securities based loan/line of credit cannot be used to purchase, trade or carry securities or margin stock, as applicable.
Check the background of Our Firm and Investment Professionals on FINRA’s BrokerCheck
Important Risk Information for Securities Based Lending: Clients must be aware that: (1) Sufficient collateral must be maintained to support the loan and to take future advances; (2) Clients may have to deposit additional cash or eligible securities on short notice; (3) Some or all of the pledged securities may be sold without prior notice in order to maintain account equity at required collateral maintenance levels. Clients will not be entitled to choose the securities that will be sold. These actions may interrupt long-term investment strategy and may result in adverse tax consequences or in additional fees being assessed; (4) Morgan Stanley Bank, N.A., Morgan Stanley Private Bank, National Association or Morgan Stanley Smith Barney LLC (collectively referred to as "Morgan Stanley") reserve the right not to fund any advance request due to insufficient collateral or for any other reason except for any portion of a securities based loan that is identified as a committed facility; (5) Morgan Stanley reserves the right to increase the collateral maintenance requirements at any time without notice; and (6) Morgan Stanley reserves the right to call securities based loans at any time and for any reason.
Liquidity Access Line (LAL) is a securities based loan/line of credit product, the lender of which is either Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A., as applicable, each an affiliate of Morgan Stanley Smith Barney LLC. All LAL loans/lines of credit are subject to the underwriting standards and independent approval of Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A., as applicable. LAL loans/lines of credit may not be available in all locations. Rates, terms and conditions are subject to change without notice. To be eligible for an LAL loan/line of credit, a client must have a brokerage account at Morgan Stanley Smith Barney LLC that contains eligible securities, which shall serve as collateral for the LAL. In conjunction with establishing an LAL loan/line of credit, an LAL facilitation account will also be opened in the client's name at Morgan Stanley Smith Barney LLC at no charge. Other restrictions may apply. The information contained herein should not be construed as a commitment to lend. Morgan Stanley Private Bank, National Association and Morgan Stanley Bank, N.A. are Members FDIC that are primarily regulated by the Office of the Comptroller of the Currency. The proceeds from a non-purpose LAL loan/line of credit (including draws and other advances) may not be used to purchase, trade or carry margin stock; repay margin debt that was used to purchase, trade or carry margin stock; and cannot be deposited into a Morgan Stanley Smith Barney LLC or other brokerage account.
Borrower shall pay Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A. ("Bank"), as applicable, a prepayment fee if any portion of the principal on a Fixed Rate Advance is prepaid prior to the applicable Scheduled Payment Date(s), regardless of the reason that the Fixed Rate Advance is prepaid, and including, without limitation, as a result of a demand by the Bank or liquidation of collateral by the Bank. The Bank, in its sole discretion, can make a Variable Rate Advance and apply the proceeds to such prepayment fee. Interest will accrue on the unpaid portion of the debited amount at a variable interest rate until the amount is paid in full. show less
Prepayment Fee: Borrower shall pay Morgan Stanley Private Bank, National Association or Morgan Stanley Bank, N.A. (“Bank”), as applicable, a prepayment fee is any portion of the principal on a Fixed Rate Advance is prepaid prior to the applicable Schedule Payment Date(s), regardless of the reason that the Fixed Rate Advance is prepaid, and including, without limitation, as a result of a demand by the Bank or liquidation of collateral by the Bank. The Bank, in its sole discretion, can make a Variable Rate Advance and apply the proceeds to such prepayment fee. Interest will accrue on the unpaid portion of the debited amount at a variable interest rate until the amount is paid in full.
Morgan Stanley Smith Barney LLC and its affiliates and their employees (including Financial Advisors and Private Wealth Advisors) are not in the business of providing tax or legal advice. These materials and any statements contained herein should not be construed as tax or legal advice. Individuals should consult their personal tax advisor or attorney for matters involving taxation and tax planning and their attorney for matters involving personal trusts and estate planning.
Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.
Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Morgan Stanley Private Bank, National Association and Morgan Stanley Bank, N.A. are primarily regulated by the Office of the Comptroller of the Currency.
© 2026 Morgan Stanley Smith Barney LLC, Member SIPC.
CRC#5141738 (02/2026)
