Share lending, also known as security lending, is a way to earn income by lending out shares of stock or ETFs in your investment portfolio to other investors and financial institutions.
With SoFi Invest, share lending is optional—but if you choose to remain enrolled in the program, we’ll work with Apex (our clearing firm) to find borrowers for your stocks and ETFs. When and if we do, you will receive a monthly payment which is based on market demand. When your shares are loaned out, you won’t see any changes to your investment, and you’ll still be able to trade just like you normally would.
For more information, including other risks and benefits, check out our Guide to Share Lending on SoFi Learn.