Live Oak Bank’s Investment Advisory Lending division has reached a new milestone: $500 million in loans extended to independent investment advisors. With these loans, advisors nationwide have been empowered to initiate, expand and transition their businesses.
Live Oak made its first investment advisor loan in 2013. Since then, increased access to capital has transformed the independent advice industry, enabling a move toward more sustainable firms.
Advisors have taken advantage of the Bank’s lending programs to acquire other firms, purchase books of business, finance succession plans, tuck-in advisors to their platforms, gain access to working capital and buy their corporate real estate.