Advisors' Reputational Concerns are Most Prevalent at Firms Who Lack Clear Guidance Regarding Digital Assets
SAINT HELIER, Jersey, Feb. 11, 2025 /PRNewswire/ -- CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS; USOTCQX: CNSRF), a global investment firm specializing in digital assets, today released a survey showing that financial advisors weigh their professional reputation among colleagues almost as heavily as their fiduciary duty when determining the suitability of digital assets for their clients.
Sixty two percent of advisors believe recommending a speculative asset like Bitcoin does not align with their legal obligation to act in their client's best interest, and more than half of the 250 advisors surveyed worry that recommending digital assets could have a negative impact on their relationships with their colleagues.
The growth of ETFs approved by the Securities and Exchange Commission, the outlook for a potentially more favorable regulatory climate as well as clients' desire to independently invest in crypto, is leading advisors to reassess how they address challenges in navigating the evolving digital asset landscape. At the same time, sentiment within their own organizations has shifted toward crypto and their clients are showing more enthusiasm toward the emerging asset class since the U.S. Presidential election.
Navigating these tensions is leading advisors to seek additional resources to close their own knowledge gaps on digital assets; the survey found that advisors' fears about conflicts with both audiences are amplified when they feel they don't have clear guidance from their own firms regarding digital assets.
Jean-Marie Mognetti, CEO of CoinShares, commented: "Advisors are caught in a challenging position, trying to navigate conflicting positions between their colleagues and clients. Clear guidance, both at a firm level and at a regulatory level, will be essential to navigating this divide in 2025. Since 2014, CoinShares has been committed to educating financial advisors in Europe about this emerging asset class, and we look forward to continuing that mission in the U.S."
Key takeaways from the survey include:
Jean-Marie Mognetti, CEO of CoinShares, commented: "Investor interest in digital assets has been growing for more than a decade, but has been historically niche; we are now at an inflection point where mainstream adoption is a reality. Financial advisors are rapidly developing their expertise in digital assets to address potential knowledge gaps and better align with client needs."
The CoinShares survey polled 250 advisors who work full time and are responsible for providing advice on investments and portfolio management. They hold Series 7, 63, or 65 licenses, work for a wealth or investment management firm or brokerage firm and provide advice on at least three investment types. The survey results are subject to a margin of error of ±6.2%, adhering to rigorous standards of statistical reliability.
For more information about the survey, visit: https://coinshares.com/us/resources/ria-survey/
ABOUT COINSHARES
CoinShares is a leading global investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please visit: https://coinshares.com Company | +44 (0)1534 513 100 | [email protected] Investor Relations | +44 (0)1534 513 100 | [email protected]
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SOURCE CoinShares Group
