Canaccord Wealth has made exposure to cryptocurrencies part of its tailored discretionary investment proposition for high-net-worth clients.

The new capability enables eligible clients to access exposure to crypto exchange traded notes (cETNs) within a discretionary portfolio.

In line with FCA guidance, the cETNs only provide access to the returns generated by bitcoin and ethereum.

Due to the volatility of cryptocurrency as an asset class, these will only be available in the firm’s highest risk profile portfolios, and be constrained by each risk profile’s relevant risk budget.

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Duncan Stratford, managing director, said: “As a fully integrated…