How to Avoid Wall Street's Latest Attack on Your Wallet

On the surface, it seems great that Wall Street is finally paying real attention to average investors. For years, it was a poorly kept secret that big firms like Goldman Sachs Group (NYSE: GS) focused their efforts on catering to the rich. After all, a commission or advisory fee on a $100,000 portfolio is peanuts compared to that of a $100 million portfolio.

But now, Wall Street is starting to like those peanuts. When you take all individual investors together as a group, they are sitting on $72 trillion in cash. That's enough to make an investment bank or broker drool.

That's why some of the biggest firms on Wall Street are dropping their minimum account requirements. Goldman Sachs used to service accounts with at least $25 million in assets, but it's now adding clients with just $5,000.

So what's up here? We hate to be cynical, but there is a reason why Wall Street is suddenly so interested. After all, that war chest of trillions of dollars has been out there all along. But now, as brokerage commissions disappear and robo-advisors are eating into their fat fees, the gravy train has run off the tracks.

Just look at the rise of technology-based firms, such as Betterment, Wealthfront, Ellevest, and even Charles Schwab Corp. (NYSE: SCHW). All are digital platforms that provide algorithm-driven, automated financial planning services. No humans. No middleman. And no headaches. You just set it and forget it.

And the prestige firms of Wall Street want in on the action.

Here's why you shouldn't be fooled and steer clear of Wall Street's wealth managers welcoming you with open arms...

Wall Street Wants Your Money, Not Your Success

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Once Wall Street realized investors would pay for an algorithm to manage their money, it realized it could offer the same tools with brand-names attached.

It might sound like a chance to get world class wealth management from Wall Street, but don't kid yourself. Average Joes are still not going to get that after-hours phone call telling them to buy or sell something ahead of the crowd. And they are not going to get private meetings with the firm's research department.

Wall Street is merely funneling average investors into robo-accounts.

Sure, robo-investing is headache free, but you still leave it all to an entity that gives the same advice to everyone. And having a bank like Goldman soliciting you sure seems like a dream come true. But it's more interested in charging you management fees than trying to hit a home run with your money.

You're better off managing your own money. Only you know what types of investments make you truly comfortable and able to sleep at night. And only you know when you're ready to take that bigger risk in order to crush the market, not just match it.

Don't worry, though. Managing your own money doesn't mean you're all alone. Far from it. We're here to help control your financial future and reach the retirement of your dreams.

And one way we're doing that is showing investors like you how they can access some of the most powerful opportunities out there. Take investing in startups for example. This used to be reserved for the super wealthy and Wall Street's elite. But we're showing you how anyone can get in on these opportunities for as little as $50...

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Angel investing used to be off limits to the average American... but Shark Tank's Robert Herjavec said it best during this live broadcast: "The walls have finally come down. You no longer have to be rich, famous, or powerful to become an angel investor!"

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For so long, regular folks have been locked out... but not anymore. Click here for details...

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