Advisers search for ways to help low-income people

At many financial advisory firms, a low-income, or even middle-income, investor with a few thousand dollars in the bank, a little (gasp!) credit card debt and big dreams of attaining financial security would likely be shown the door.

In recent years, increasing demand for financial advice has forced many advisers to raise their investment minimums to allow them to focus on their richest, and therefore most profitable, clients.

Advisers search for ways to help low-income people
Source: Investment News (subscription required)