Tradier Brokerage allows customers to earn additional income in their accounts on their long Equity and ETF positions by participating in Fully Paid Securities Lending program.
Once a customer agrees to participate in FPSL, the broker is given permission to lend out shares that are fully paid in excess of margin securities. The demand for shares increases as traders look to short stock that are in high demand. As a result, fees to borrow may occur for the customer shorting the stock. Those fees can result in revenue for the broker and the customer who is lending out the shares. When you are signed up for the FPSL program, Tradier receives 50% of the revenue earned by the clearing firm and will share 15% of the revenue received to you, generating additional income in your account. Securities in high demand to short known as “hard to borrow” securities usually pay higher borrow fees to the broker. The interest rates paid are subject to change and are based on the value of the individual securities, borrowing demands, and changes in the lending market conditions. Before participating in the program, please read the Master Securities Lending Agreement and disclosure and consider your investment objectives. Consult your tax or financial advisor.
Please consider your financial condition, investment objectives, risk tolerance, time horizon and expenses before making any investment decisions.