BTC on your APL? Licensees air views on crypto
Despite nearly four in 10 investors holding cryptocurrency, three of Australia’s largest financial advice groups do not offer advice on such products.
Findings from CoreData recently uncovered that just 11 per cent of advice practices include crypto products on their approved product lists (APLs), while the majority (74 per cent) do not include them or advise on them.
This is alongside 38 per cent of Australian investors saying they currently hold crypto investments.
Money Management reached out to the three largest licensee owners in terms of adviser numbers to understand their stance on the evolving asset class.
According to Centrepoint Alliance’s chief investment officer, Daniel Stojanovski, the advice firm does not currently…
