He will take $50,000 of the $100,000 as long as he can get it back when he makes trades for you. Your broker says that he wants $50,000 of that $100,000 in your account. For example, let’s say you have $50,000 in your brokerage account with your broker and it is earning 5% interest. What Does Access Mean?Īccess is a term that is used by both financial advisors and their clients. This article explains what access a financial advisor has and how you can keep that from happening. You are the one who gives them permission to use your money and it is up to you to decide how much access they have. As we explain in our article about understanding financial advisors, most financial advisors do not have access to your money. If you have an account with a financial advisor, you may wonder if the advisor has access to your money.
#MYMONEY ACCESS COM PROFESSIONAL#
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