Investing used to be exclusive to the wealthy. It’s taken the private industry decades to democratize investing.
Money expert Clark Howard likes to mention Charles Schwab, the first discount broker, and the impact that’s had on market accessibility for the average retail investor. Robinhood became the first to offer free trades on stocks and ETFs.
The next bastion, and one that has slowly fallen in the last decade, has been financial advice. Long limited to those with significant wealth — often $500,000 or more in investable assets — fintech companies and innovators have introduced new options.
It’s still a question many people have: Where can I turn for financial and investing advice with limited capital? But the possible answers now include robo-advisors, hybrid advisors and flat fee financial advisors, not just full-fledged, traditional 1% financial advisors.
Can I hire a financial advisor without much investable money?
That’s what a Clark Howard …