You’ve been living under a rock if you don’t know that cryptocurrency is a pretty complicated topic right now.
The emotionally-charged asset class has by one estimate lost several trillion dollars in value since Nov. 2021 and is now synonymous with undesirable terms including “bankruptcy,” “collapse” and “crisis.” As the shockwaves of the collapse of FTX, BlockFi and other exchanges play out, the implications for wealth management grow potentially more freighted.
This year’s rollercoaster featured major players in financial services gearing up for a future that very much includes digital assets, and a sea of interested parties waiting for the White House’s directives for the reguation of crypto to evolve from a framework into something real.
And while the market value of individual currencies has dropped, attitudes toward digital assets have remained robust. Just as studies show that high net worth investors who liked bitcoin at roughly $70,000 also love it at $17,000, research from Financial Planning parent company Arizent finds that the current turmoil hasn’t altered advisors’ attitude toward the asset class. While roughly half of advisors view the investment category as legitimate, most advisors say they need to have a solid understanding of it to properly serve their clients and grow.
That’s why Financial Planning is excited for next week’s debut of the free, two-day INVEST Cryptocurrency for Advisors conference. The event focuses on cryptocurrency education and features 10 sessions and 30 speakers tackling the questions about digital assets that matter most to financial advisors. Register for the complimentary digital event today.
Here’s a preview of some of what we have planned:
The free, two-day digital event features 10 sessions and 30 speakers tackling the burning questions about digital assets that matter most to financial advisors.
Financial Planning’s list of movers and shakers in the industry, and what we expect from them in the coming year.
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Planners warn that clients still need financial education to understand the ins-and-outs of new plans.
Independent financial advisors and wealth management firms are finding methods of collaborating more closely with professionals from other fields.
Lacking any formal codification or an accurate count of customers, the planning profession is struggling with some fundamental questions.
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