Advisers say peers are not aware enough of client crypto use

Over 70% believe advisers are not aware enough client crypto use   

Isabel Baxter
clock • 2 min read

The majority believe the advice space is not aware enough about client use of cryptocurrency use, results from the first PA Asks survey found.

When asked ‘do you think the advice space is aware enough about client use of cryptocurrency?': 71.4% of respondents answered ‘no', 20.4% answered ‘I don't know' and only 8.2% answered ‘yes'. "There needs to be greater action," one respondent argued. Another said: "You cannot tell people not to do or do something if you do not understand it. You have to learn about it". One respondent said that none of their clients have told them that they invest cryptocurrency and judging by the risk profiles, "none of them would/should be sufficiently high risk to invest in it". "The use of c...

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