Episode 30 of Wealth Distribution with Fexingo examines a hidden driver of inequality: access to professional financial advice. Lucas and Luna break down the 2025 Federal Reserve survey showing that only 28% of middle-income families use a financial advisor, compared to 72% of top-decile households. They discuss how advisors push strategies like tax-loss harvesting, direct indexing, and asset location that are simply unavailable to DIY investors. The hosts also explore the rise of 'advisor-only' private credit and structured note products that middle-class investors never see. Finally, they look at how the SEC's Regulation Best Interest and new fiduciary rules are reshaping the advice market—but mostly for clients who already have advisors. Specific numbers and a concrete SEC case make this episode a clear-eyed look at an overlooked wealth gap.

#FinancialAdvisors #WealthGap #MiddleClass #FexingoBusiness #BusinessPodcast #Economics #WealthDistribution #SEC #RegBI #TaxLossHarvesting #DirectIndexing #PrivateCredit #StructuredNotes #FederalReserve #DIYInvesting #FiduciaryRule #AssetLocation #AdvisorAccess

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