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Opting out of crypto offerings can come at a cost for wealth managers
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2021 has seen crypto adoption skyrocket like never before. But, many might still not engage in the asset class due to several reasons including volatility and environmental concerns. The rest are still learning about the evolving technology.
Some reports point out that just like investors, wealth managers are also in two minds about crypto. However, not choosing crypto might come at a cost for these financial advisors. According to research cited by Barron’s, financial advisors who offer crypto-related money management, can receive up to $4.6 billion in incremental fee revenue.
Further, the upward potential is immense considering the global crypto asset management market size might surge from $0.4 billion in 2021 to $1.2 billion by 2026. It
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