{"id":6951,"date":"2026-10-24T18:25:09","date_gmt":"2026-10-24T16:25:09","guid":{"rendered":"https:\/\/balmontconseil.com\/blog\/conseiller-credit-lombard-credit-patrimonial\/"},"modified":"2026-10-24T19:12:31","modified_gmt":"2026-10-24T17:12:31","slug":"conseiller-credit-lombard-credit-patrimonial","status":"publish","type":"post","link":"https:\/\/balmontconseil.com\/en\/blog\/conseiller-credit-lombard-credit-patrimonial\/","title":{"rendered":"Which advisor should I choose for a Lombard or wealth-building loan?"},"content":{"rendered":"
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In summary\u2026<\/h2>\n

For a Lombard or wealth loan, two professionals are involved, not one: the bank<\/b>, which studies the demand, sets the conditions and makes the offer, and the advise<\/b>, This advisor will tell you whether you should borrow or sell, what assets to use as collateral, and what amount to aim for. Choose an advisor who compares borrowing and selling, including taxes, who provides you with the terms in writing before introducing you to a bank, and who explains how they are paid.<\/p>\n

Balmont Conseil is a firm not independent<\/b> In regulatory terms: it receives commissions on the contracts signed. Regarding credit, we don't lend: we connect you with our banking partners, who then make the offer.<\/p>\n<\/div>\n

A Lyon-based executive owns a portfolio of securities and a assurance-vie policy. A business opportunity arises, and selling his investments will trigger a tax. He wonders if he can borrow money using his investments as collateral. This is possible, subject to the conditions set by the bank. The advisor's job is to ensure you review these conditions before signing.<\/p>\n

1. Two loans, one same logic: the guarantee<\/strong><\/h2>\n

Lombard Credit: a loan guaranteed by your securities<\/strong><\/h3>\n

Lombard credit is a loan whose repayment is guaranteed by your financial investments, which you leave in place. This is the logic behind what the Bank of France calls...\u2019advance on securities<\/b> : a loan "guaranteed by the pledge of securities in favour of the creditor". The Bank of France describes it as a loan generally of short duration, from one to three months, granted by a credit institution, most often to a company and sometimes to an individual (fact sheet of May 2022).<\/p>\n

Asset credit: the entire estate as a basis<\/strong><\/h3>\n

\u00ab"Asset-backed loan" is a common term: we use it for a loan whose amount and security are assessed against your entire portfolio (securities, assurance-vie policies, sometimes real estate), to finance a specific project. No official document we consulted defines it; the bank's offer, however, specifies exactly what is being offered as security.<\/p>\n\n\n\n\n\n\n\n
What you are giving as collateral<\/th>\nWhat this changes<\/th>\nWhat official sources are saying<\/th>\n<\/tr>\n<\/thead>\n
Securities account or portfolio<\/td>\nThe account is pledged as collateral for the loan.<\/td>\nThe pledge is secured against a special account; the creditor has a right of retention over the securities and cash in the account (Bank of France).<\/td>\n<\/tr>\n
Assurance-vie contract<\/td>\nYou are using the contract as collateral for a loan.<\/td>\nIn the event of a pledge, you cannot freely make redemptions (ABE-Infoservice)<\/td>\n<\/tr>\n
Advance payment from the insurer on the contract<\/td>\nThis is not a pledge: the insurer lends you the money himself.<\/td>\nThe advance is an interest-bearing loan; when the beneficiary's acceptance is dated after December 18, 2007, it implies their agreement.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Specifically.<\/strong> Pledging a assurance-vie policy means losing the right to make withdrawals freely for the duration of the loan. If this policy also serves as your cash reserve, ask the bank in writing under what circumstances a partial withdrawal is permitted.<\/p>\n

2. Amount, margin call: what the bank can demand<\/strong><\/h2>\n

The amount loaned is not the value of your portfolio. According to the Bank of France, it is "limited to a percentage of the value of the securities taken as collateral." This percentage, the quota<\/b>, is set by the bank and is included in the offer: we do not give an average percentage.<\/p>\n

The risk arises when prices fall. The Bank of France explains that the banker can then request...\u2019extend the pledge to other securities<\/b> This is what the industry calls a margin call. If you do not pay on the due date, the lender sends you a formal notice which must state that the enforcement of the guarantee can take place "within eight days"; it can then transfer the securities into its name or sell them on the market, at its discretion.<\/p>\n

Your securities can therefore be sold at a time that you have not chosen: the threshold and the time limit are the two pieces of information to obtain before signing.<\/p>\n

3. What you can finance, what it costs, what it changes for taxes<\/strong><\/h2>\n

The purpose of the loan is stated in the offer and determines the applicable tax treatment.<\/strong><\/h3>\n

A loan secured against investments finances a project that doesn't require you to sell your securities: an investment, a cash flow need before receiving payment, or a purchase. The stated purpose matters because it determines how interest is treated.<\/p>\n