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Investor Love of Crypto May Push Reluctant FAs to Embrace It  

Monday, Apr 18 2022
Markets & Investments
Written by  PFA News

Many financial advisors have kept crypto at arm’s length, but investor demand may push reluctant FAs to work with the assets, according to a new Cerulli report. So reports CNBC.

cryptocurrency 3409725 640smallAlmost half (45%) of FAs expect to use crypto in the future due to client requests, according to the report. Currently, only 7% are using cypto because they recommended it, while another 10% are using crypto because clients asked for it.

Senior Cerulli analyst Matt Apkarian said that if “advisors aren’t including [crypto] or at least having some sort of stance on it, then they’re placing themselves at a disadvantage and could potentially lose clients over it.”

Read the full article from CNBC.

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