St George Margin Lending adds regular gearing service
St George Margin Lending has made another enhancement to its margin lending product, a regular gearing facility, confirming its push to raise the product’s profile in the margin lending market.
The new facility, called Savings Gearing, will open up St George’s margin lending product to a broader range of investors, giving younger investors or those on lower salaries the opportunity to invest with an initial sum of as little as $1000.
“Savings Gearing allows financial planners and advisers to get their clients into the market earlier, and by following a disciplined savings plan that is supplemented by borrowing funds, investors can grow their wealth more quickly,” St George Margin Lending head Andrew Black says.
The addition of the Savings Gearing facility is part of St George’s previously stated ambitions to raise its position in the margin lending market.
Earlier this year, St George Margin Lending also added Internet Account Access to its product, giving financial planners around the clock access to their clients’ portfolios.
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