Thank you, Financial Advisor, for quoting me in this article about peer-to-peer lending!
Peer-to-peer lending may serve advisors’ clients on two fronts, experts say. Wealthy clients looking for a high-yield alternative to traditional bonds can invest in funds that pool loans to small-business owners. Meanwhile, business-owner clients who might be having trouble getting a bank loan can secure financing from online marketplaces that connect borrowers and lenders.
Advisors with small practices, though, are likely to continue avoiding the peer-to-peer space. A prospect recently asked Kristi Sullivan of Sullivan Financial Planning in Denver whether he should invest in peer-to-peer lending.
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