Pledged Asset Loan

Portfolio Preserved. AUM Retained.

How a pledged asset structure kept $780K invested and earning instead of liquidated.

Robert Boladian, CMPS® CLA® · Mission Pacific Mortgage · For advisor use · Confidential

Client Situation

A retired executive with $2.4M in managed investments purchased a $1.95M primary residence in San Diego. His initial plan was to liquidate $780K from his portfolio for the down payment, creating capital gains exposure and permanently removing those assets from the market. His financial advisor was brought in 48 hours before the wire transfer was scheduled.

$780KPortfolio PreservedStayed invested and tradeable

$94KCapital Gains AvoidedEstimated tax liability avoided

$7,800/yrFA Revenue RetainedAt a 1% advisory fee on preserved AUM

How It Worked

The Problem

$780K liquidation would trigger capital gains on appreciated positions.
Assets would leave the market permanently.
The FA learned about the plan only 48 hours before the wire.
Standard lenders had already based pre-approval on liquidation.

The Structure

The investment portfolio was used as collateral instead of being liquidated.
The portfolio stayed invested and tradeable throughout the loan term.
No liquidation was required.
Robert coordinated with the FA and custodian before assets moved.

The Result

$780K remained under management and fully invested at closing.
The client avoided about $94K in estimated capital gains exposure.
The FA retained the AUM and the client relationship.
The loan closed on schedule without disrupting the financial plan.

What This Means for the Advisor

→ The portfolio stayed intact, invested, and under the advisor’s management. Nothing was liquidated.

→ The FA retained $7,800 per year in advisory revenue that would have left with the wire transfer.

→ The client credited the FA for making the introduction before the decision became irreversible.

“I had no idea this structure existed. My client was 48 hours from wiring $780K out of the account. Now that portfolio is still working for him, and for me.”

Financial advisor · Independent RIA · San Diego

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Outcomes anonymized. Results may vary. Figures reflect the facts of a single transaction and should not be relied upon as a projection for any other. Pledged asset structures carry risk. The pledged securities secure the loan, a decline in portfolio value may require additional collateral or repayment, and the lender may liquidate pledged assets to satisfy a shortfall. Availability and terms depend on the custodian, portfolio, and borrower-specific facts. Not tax advice. Consult a CPA.

Robert Boladian, CMPS®, CLA® · NMLS #14241 · (760) 828-7444 · [email protected]
Mission Pacific Mortgage · EAB Holdings, Inc. NMLS #1786785 · DFPI Licensed · San Diego, CA