Nov. 28, 2022
November 28, 2022 Financial advice for low income clients will come from self directed platforms. For clients with under 10k in assets, learning about finance is their job. Finance has received a bad vibe due to american culture and the logic that everyone is entitled to other people's time and talent for free. That is not true. In capital markets everything is earned. You can not buy a house without having the required money. There are no calls for free houses. I grew up in a low income area in charlotte , North carolina. I understand the many issues surrounding the finance industry. One issue comes with public awareness and changing the narrative that it is the finance industry's responsibility to educate the general public. Finance is a transaction like other products and should be treated as such. An alternative the SEC can look at is allowing the creation of Non profit based finance companies to address the needs of the community. Sorry for the long rant. It took a long time to find this website.