Determining when to place an order
Your Automated Investing account will be reviewed automatically up to four times per day to determine the level of available cash in your account, overall demand on the platform, and availability of Notes matching your investment criteria. Automated Investing prioritizes accounts with more available cash as a percent of the overall account size and places orders for those accounts first. Automated Investing does NOT prioritize accounts based on overall account size or investment criteria.
Keep in mind that applying restrictive filters or an investment allocation of Notes with limited inventory (e.g., loans with F and G grades) or in high demand (e.g., loans with C, D, and E grades) can reduce available matching inventory and limit the ability of Automated Investing to place orders for your account.* The frequency of orders is based on the cash balance of your account, availability of loan inventory matching your investment criteria, and demand from other investors. The cash in your account may be deployed immediately or over a long period of time, and there may be weeks when many orders are placed and weeks when no orders are placed.
* This information is not intended to be investment advice. You should consult your financial advisor if you have any questions or need additional information.
Determining which orders to place
Before each order, the Automated Investing service reviews the actual, unadjusted outstanding principal balance of Notes in your account as well as your investment criteria. If your investment criteria include an allocation of a certain loan grade or grades, the Automated Investing service will place orders for Notes to move your account toward such allocation. The mix of Notes in a particular order may not match your investment allocation, but over time Automated Investing will attempt to place orders so that the aggregate holdings in your portfolio will approximate the allocation specified in your investment criteria. Please note that if your investment criteria include conflicting filters or an allocation for loan grades that are in high demand or have limited inventory, it may be difficult or impossible for Automated Investing to deploy the capital in your account. Learn more about conflicting filters and allocations by loan grade.
Please note that Automated Investing does not sell Notes to rebalance your portfolio; it only places orders for Notes on the Lending Club platform according to your investment criteria.
Where two or more Notes meet all of your investment criteria, the Automated Investing service will place an order for the Note that has been on the platform for the longest time.
Learn more about why Automated Investing does not place orders for all matching Notes.
Click here to log in to your account and enroll in Automated Investing.
Automated Investing was previously known as “PRIME.”