Half Of Young Wealthy Investors Are Firing Their Advisors Over Crypto
American couple talking to a financial advisor about an investment – home finances concepts
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Public’s $65 million acquisition of Alto’s CryptoIRA business last week confirms a trend the wealth management industry barely saw coming. More than half of high-net-worth investors under 40 have moved assets away from financial advisors who don’t offer cryptocurrency access, according to new research commissioned by payments infrastructure firm Zerohash and conducted by research firm Centiment.
The survey of 500 affluent U.S. investors aged 18 to 40 with incomes between $100,000 and over $1 million reveals a generational divide that’s reshaping how Americans build long-term wealth. While 61% of these investors already hold crypto, 76% are…
