How does the program work?

To participate in the FPSL program, you must have a completed financial profile and agree to the terms of the program at opt-in. Once enrolled, Betterment Securities’ clearing partner, Apex, evaluates demand in the lending market. If there is sufficient demand, your eligible shares may be loaned out to Apex, which then lends to other institutional borrowers. Borrowers pay a market-driven lending fee, and Betterment Securities shares a portion of this income with you. Clients access the FPSL ...

Securities Lending Faqs

Basics

To participate in the FPSL program, you must have a completed financial profile and agree to the terms of the program at opt-in. Once enrolled, Betterment Securities’ clearing partner, Apex, evaluates demand in the lending market. If there is sufficient demand, your eligible shares may be loaned out to Apex, which then lends to other institutional borrowers. Borrowers pay a market-driven lending fee, and Betterment Securities shares a portion of this income with you. Clients access the FPSL ...
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