[traceroute66]

> The framing is deceptive.

Indeed the framing is very deceptive.

Yes, it helps to have a relationship with a private bank. But as pointed out, some brokerages will let you do it too if you are too poor to be allowed to enter through the door of a private bank.

BUT

The main thing that is skirted around in the article is that it still needs to go through the financial institution's credit committee.

So, for example, you cannot just rock-up with a million in Tesla shares and expect a loan against them, or at least not at a sensible LTV ratio.

The financial institution will want a boring portfolio with government bonds and low-risk corporate shares.

Any bank that would be willing to lend against a high-risk portfolio is probably not the sort of bank you want to do business with anyway.