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”
AUTHOR
Laura Dew
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
