Advisers must familiarise themselves with the growing crypto investment trend in order to better understand the next generation of clients and protect potentially vulnerable clients, delegates heard.
Speaking at PA360 North today (4 October), Schroders head of UK intermediary solutions Gillian Hepburn said it was essential advisers get to grips with different types of crypto investments, which are growing in popularity, particularly among younger people. Hepburn said the latest Schroders UK Financial Adviser Pulse Survey - published in May - found only 20% of advisers saw cryptocurrency as a concern but highlighted younger people would become the next generation of capital holders as the great wealth transfer - which will see £5.5trn pass from one generation to the next - happens dur...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
