Lonsec partners with Monochrome on crypto


A growing interest among advisers in cryptocurrency has led Lonsec to partner with Monochrome Asset Management.
The firm said a recent webinar held by the firms on the topic was attended by over 700 advisers, indicating the interest among advisers and clients and issued a rating to its first crypto-related fund, BetaShares Crypto Innovators ETF.
Common questions included how to access the asset, how to keep it safe and how to integrate it into clients’ existing portfolios. The webinar also covered regulatory considerations when discussing cryptocurrency with clients.
Lukasz de Pourbaix, chief investment officer of Lonsec Investment Solutions, said: “Crypto assets is increasingly becoming one of the most commonly raised topics we get from advisers. We understand that there is a great need for education around the asset class and how advisers can utilise then in their client’s portfolios”.
Monochrome head of distribution, Craig Hobart, added: “We recently surveyed financial advisers and found that 77% had received queries about crypto assets investments from their clients yet only 11% felt equipped to answer these queries.
“By partnering with Lonsec, we were able to reach a wide audience of advisers and help them access information to enable them to better advise their clients on crypto assets”
Recommended for you
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With the election taking place on Saturday (3 May), Adviser Ratings examines how the two major parties could shape the advice industry in the future.