No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 16, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Financial Planning

Few clients hold cryptocurrency, advisors say

by TheAdviserMagazine
3 weeks ago
in Financial Planning
Reading Time: 4 mins read
A A
Few clients hold cryptocurrency, advisors say
Share on FacebookShare on TwitterShare on LInkedIn


Roughly half of financial advisors hold personal investments in cryptocurrency, though in general they continue to steer their clients away from the assets. 

Half of advisors say 5% or fewer of their clients hold any cryptocurrency. Of advisors with clients who hold crypto, about half say at least some have experienced notable losses. But 70%  say at least some have experienced notable gains.

Of the advisors who personally own crypto, their holdings are likely to be between $1,000 and $50,000.

Those were among the findings in Financial Planning’s September Financial Advisor Confidence Outlook (FACO), a survey of financial advisors and planners that measures confidence in the economy and other factors.

How invested are clients in crypto?

Most advisors report that crypto remains a relatively small slice of client portfolios. However, a minority of advisors note larger allocations among select clients.

Chris Diodato, founder of WELLth Financial Planning in Palm Beach Gardens, Florida, said in an interview outside the survey that up to 40% of his clients own some amount of crypto.

“If that percentage seems high, it’s probably because my client base is primarily the Financial Independence, Retire Early community and tilts younger,” he said.

READ MORE: How teaming with relatives gives advisors an edge

Similarly, Ramiro Marmolejo, founder of Financial Rubrics in San Antonio, Texas, said in an interview that around 30% of his clients hold some positions in crypto. He said his approach to crypto is to present it as its own asset class.

“I emphasize to my clients that they should not consider it as a real currency,” he said. “I suggest they hold it as an aggressive growth asset.”

Marmolejo said he also suggests clients treat crypto as any other investment type and not be overweighted in it.

“If they consider how it best fits into their financial plan and continue to monitor, then they should be OK, regardless of what happens in that asset class,” he said.

Kevin Newbert, a financial advisor with Ausperity Private Wealth in Moorestown, New Jersey, estimated in an interview that fewer than 10% of his clients hold crypto.

“Our largest client segment is high-income millennials that are largely in tech, consumer packaged goods and health care who have a larger interest in the asset class,” he said.

At the opposite end of the spectrum from Diodato and Marmolejo is Vincent D’Eletto, an advisor and operating manager at Investment Insight Wealth Management in South Farmingdale, New York, who said in an interview that of the over 160 households at his firm, he is the only one holding crypto in his portfolio.

“The average age of our client roster is 66 years old, so crypto isn’t exactly suitable for most of them,” he said. “For our retiree-heavy client base, we prioritize planning, liquidity and risk management over speculative growth assets. For younger investors or founders with longer horizons, crypto may be an educational topic we discuss, but it’s not a default allocation in our portfolios.”

Mixed returns highlight crypto volatility

Crypto is a particularly volatile asset, as investors have learned. Advisors in the FACO survey reported a mix of outcomes, with some experiencing notable gains, while others suffered losses.

chart visualization

For many, results have been relatively modest or stable.

chart visualization

For his clients invested in crypto, Marmolejo said it’s a “mixed bag” for returns. He said at least three of his clients lost a substantial amount due to panicking-selling in 2022.

“However, the majority of my clients who hold positions are up,” he said. “My firm did not offer any crypto options until very recently. My clients whom I recommended and who bought these offerings are up.”

READ MORE: How advisors could use agentic AI to deepen client engagement

The losses have been particularly acute for Diodato’s client base, especially with early adopters who were buying NFTs and so-called memecoins back in 2020 and 2021.

“In many cases, these losses drove folks to focus their investments on the most ‘blue chip’ currencies, such as bitcoin and ethereum, which have both done well since,” he said.

Similarly, Newbert said his firm has seen situations where clients invested in alternative coins in an attempt to get rich quickly.

“This has led to some significant losses,” he said. “We have worked these into the overall plan to take profits from other concentrated positions to be proactive with the losses that were taken and actively communicate with the client’s accountant.”

Financial advisors who invest in crypto

Slightly more than half of the advisors in the FACO survey said they have personal investments in cryptocurrency. Those who do have crypto holdings range from modest stakes of less than $1,000 (14%) to more than $100,000 (4%).

chart visualization

Most began investing in crypto recently, but 4% reported they’ve been involved for 10 years or longer.

chart visualization

Diodato said he personally has around $10,000 invested in bitcoin ETFs. He said he started investing in crypto last summer.

“It’s enough to participate in potential upside but not enough to steer the performance of an entire portfolio,” he said. “Yep, I was late, but the story behind bitcoin is compelling to me, especially in a world where governments don’t seem to care about budget deficits.”

D’Eletto said he made his first crypto purchase in late 2017, and today his personal allocation is approximately $60,000.

“I’ve experienced significant volatility over the last four years, which tracks with crypto’s risk profile,” he said.



Source link

Tags: advisorsClientsCryptocurrencyhold
ShareTweetShare
Previous Post

10 American Cities You Might Want to Avoid This Thanksgiving

Next Post

Y Combinator launches ‘Early Decision’ for students who want to graduate first, build later

Related Posts

edit post
How many clients should an RIA have

How many clients should an RIA have

by TheAdviserMagazine
October 15, 2025
0

This is the 22nd installment in a Financial Planning series by Chief Correspondent Tobias Salinger on how to build a...

edit post
Swiss Miss Hot Cocoa Mix Packets (50 count) only .82 shipped!

Swiss Miss Hot Cocoa Mix Packets (50 count) only $7.82 shipped!

by TheAdviserMagazine
October 15, 2025
0

Wow! Here’s a great stock up deal on Swiss Miss Hot Cocoa! Amazon has this Swiss Miss Milk Chocolate Hot...

edit post
Merrill, BofA Private Bank lean on lending for revenue high

Merrill, BofA Private Bank lean on lending for revenue high

by TheAdviserMagazine
October 15, 2025
0

Merrill and other parts of Bank of America's wealth management business rode a surge in lending and other services provided...

edit post
Medicare Costs Are Rising in 2026. Here’s How to Save During Open Enrollment

Medicare Costs Are Rising in 2026. Here’s How to Save During Open Enrollment

by TheAdviserMagazine
October 15, 2025
0

Nearly two-thirds of Americans (64%) believe Medicare benefits will be reduced under the current administration, according to a recent NerdWallet...

edit post
Mortgage Rates Today, Wednesday, October 15: Noticeably Lower

Mortgage Rates Today, Wednesday, October 15: Noticeably Lower

by TheAdviserMagazine
October 15, 2025
0

If you've been waiting for lower mortgage rates, today just might be your day.The average interest rate on a 30-year,...

edit post
Alternative Investment Due Diligence For RIAs: A Framework For Compliantly Evaluating Private Funds

Alternative Investment Due Diligence For RIAs: A Framework For Compliantly Evaluating Private Funds

by TheAdviserMagazine
October 15, 2025
0

For financial advisors bound by a fiduciary duty, acting in the client's best interest goes beyond avoiding conflicts of interest:...

Next Post
edit post
Y Combinator launches ‘Early Decision’ for students who want to graduate first, build later

Y Combinator launches 'Early Decision' for students who want to graduate first, build later

edit post
What Will Movers Not Move? What Items Are Not Worth Moving

What Will Movers Not Move? What Items Are Not Worth Moving

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Massachusetts Treasury Check Fraud: .8 Million Scheme Leads to Federal Charges 

Massachusetts Treasury Check Fraud: $8.8 Million Scheme Leads to Federal Charges 

September 22, 2025
edit post
Foreclosure Starts Are Up in Key States—What Do Early-Stage Filings Mean For Investors?

Foreclosure Starts Are Up in Key States—What Do Early-Stage Filings Mean For Investors?

0
edit post
Drug Price Wars: What Can Really Tame Big Pharma?

Drug Price Wars: What Can Really Tame Big Pharma?

0
edit post
Mortgage Rates Today, Wednesday, October 15: Noticeably Lower

Mortgage Rates Today, Wednesday, October 15: Noticeably Lower

0
edit post
Binance Unleashes 0M Market Rescue With Instant Relief for Liquidated Traders

Binance Unleashes $400M Market Rescue With Instant Relief for Liquidated Traders

0
edit post
Electric aircraft startup Beta Technologies seeks to raise 5M in IPO

Electric aircraft startup Beta Technologies seeks to raise $825M in IPO

0
edit post
Bunge surges to lead S&P 500 after better-than-expected earnings revision lifts overhang (BG:NYSE)

Bunge surges to lead S&P 500 after better-than-expected earnings revision lifts overhang (BG:NYSE)

0
edit post
Drug Price Wars: What Can Really Tame Big Pharma?

Drug Price Wars: What Can Really Tame Big Pharma?

October 16, 2025
edit post
Binance Unleashes 0M Market Rescue With Instant Relief for Liquidated Traders

Binance Unleashes $400M Market Rescue With Instant Relief for Liquidated Traders

October 15, 2025
edit post
MacKenzie Scott triples down on DEI with  million donation to African American Cultural Heritage Action Fund

MacKenzie Scott triples down on DEI with $40 million donation to African American Cultural Heritage Action Fund

October 15, 2025
edit post
Electric aircraft startup Beta Technologies seeks to raise 5M in IPO

Electric aircraft startup Beta Technologies seeks to raise $825M in IPO

October 15, 2025
edit post
Bunge surges to lead S&P 500 after better-than-expected earnings revision lifts overhang (BG:NYSE)

Bunge surges to lead S&P 500 after better-than-expected earnings revision lifts overhang (BG:NYSE)

October 15, 2025
edit post
US President Trump Confirms Trade War With China

US President Trump Confirms Trade War With China

October 15, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Drug Price Wars: What Can Really Tame Big Pharma?
  • Binance Unleashes $400M Market Rescue With Instant Relief for Liquidated Traders
  • MacKenzie Scott triples down on DEI with $40 million donation to African American Cultural Heritage Action Fund
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.