Crypto for Advisors: Advisors and Crypto

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Adam Blumberg, CFP ®, is also co-founder and chief educator for Interaxis, a company trying to bridge the education gap between digital assets and traditional finance. He is a contributing writer for CoinDesk’s Crypto for Advisors newsletter.

At Consensus 2024, held in Austin, there was an exclusive RIA & FA Day session. Approximately 120 financial advisors spent the day learning about digital assets, engaging with industry thought leaders and networking with peers.

The recent ETF approvals and bullish price trends have piqued the interest of more advisors and investors, creating a fertile ground for knowledge-sharing and growth.The primary objective of FA/RIA Day was to provide actionable insights on incorporating crypto into financial practices. Instead of delving into the technical intricacies of blockchain and price movements, the focus was on practical application within a financial advisory context.A recurring theme was the crucial role of education.

ETFs provide price exposure to the underlying asset without the complexities of custody and reporting, making it easier for advisors to allocate within any account type, integrate investments into AUM and reporting, and facilitate rebalancing, as do public company investments.Understanding crypto is one thing; fitting it into a portfolio is another. Advisors shared their experiences in client conversations and their strategies for crypto allocation.

 

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