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Stock impact report

Why dodging crypto conversations could cost advisors [Wealth Professional (Canada)]

Broadridge Financial Solutions, Inc. (BR) 
Last broadridge financial solutions, inc. earnings: 1/31 07:00 am Check Earnings Report
US:NYSE Investor Relations: broadridge-ir.com
New research suggests advisors who let cryptocurrency fears get the better of them will miss a multibillion-dollar opportunityByLeo AlmazoraNov 23, 2021ShareWhile advisors may be inclined todismiss cryptocurrencies as nothing more than speculationUsing a five-year model, new research from Broadridge Financial Solutions has found that financial advisors and wealth managers are set to receive up to US$4.6 billion in incremental fee revenue through cryptocurrency. And while interest in crypto is commonly ascribed to younger investors, research from Gemini pegs the average age of crypto investors at 38, while the average “crypt-curious” individual is 44.“[M]anagers and advisors may lose existing clients and assets if investors do not view them as having a viable cryptocurrency solution,” said Uday Singh, managing director and head of Broadridge Consulting Services, and Mike Tropeano, senior director and engagement manager for the Broadridge Wealth Consulting Practice, in a piece published Show less Read more
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