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Family offices cautiously joining the crypto party

March 28, 2022
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Family offices cautiously joining the crypto party

 

More family offices are increasing crypto exposure to diversify their investment portfolios, but they are taking steps slowly and indirectly amid regulation uncertainties and market volatility Financial Planning reported.

Next-generation wealth managers are paying attention to potential family successors driving their interest in cryptocurrency investments.  Foreside’s Aman Ahluwalia, managing director spoke with Financial Planning on the topic.

Aman shared, “Younger demographics are usually early adopters to technology and newer asset classes. They also have longer-term investment horizons to build portfolios and are looking for things they will not necessarily get through the stock and bonds markets.”

Foreside continues to see an increased interest in cryptocurrencies by family offices, through wealth management relationships, or private fund manager relationships. As younger demographics continue to drive newer asset classes, family offices will have to learn to adapt compliantly.  Click here to read the full article in Financial Planning.