Big Bank Financial Inclusion Myth

Big banks jump on the latest trends with the term “financial inclusion” for the masses. But, is financial inclusion from big banks a myth?

Recent news from Wells Fargo shows quite the opposite of inclusion from Wells Fargo by eliminating revolving lines of credit of users borrowing $3,000 to $100,000. Although this is financial exclusion, can this be seen as a form of “financial empowerment”? Elimination of debt is good but sometimes debt is used to create more wealth and savings which is “financial empowerment“.

What most people forget about is investment advisor accounts and/or brokerage accounts offer margin which can be used as a line of credit. Contact your investment planner today!

Information contained herein is for informational purposes only and should not be construed as an offer, solicitation, or recommendation to buy or sell securities, or personalized investment, tax or legal advice. The information has been obtained from sources believed to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the stocks they discuss. The information and content are subject to change without notice. Treveri Capital LLC is a California registered investment advisor. For information about Treveri Capital LLC’s, please consult the Firm’s Form ADV available at www.adviserinfo.sec.gov.


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