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Crypto Fever Could Put Financial Advisers in a Bind

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The ecosystem of custodians, brokers and expertise suppliers that helps advisers is relying on it. Final week, Interactive Brokers started providing advisers custody and buying and selling entry to 4 digital cash, together with Bitcoin, warning that, “In case your purchasers haven’t began asking you so as to add cryptocurrencies to their portfolio allocations it’s probably that they are going to quickly.” U.S. Financial institution started providing crypto custody for large cash managers earlier this month. And expertise suppliers that cater to advisers are providing to “educate” them about cryptocurrencies to allow them to promote them crypto-related analytics. The message is obvious: Get hip to cryptos or get left behind.

https://www.washingtonpost.com/enterprise/crypto-fever-couldput-financial-advisers-in-a-bind/2021/10/27/d67f7bd0-3715-11ec-9662-399cfa75efee_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Crypto Fever May Put Monetary Advisers in a Bind

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