Survey: More advisors recommend increasing their allocation due to increased client confidence in Crypto Assets

Odaily Planet Daily News According to a recent survey released by the Digital Assets Council of Financial Professionals and Franklin Templeton Digital Assets, there are an increasing number of clients who own cryptocurrencies, and advisors are recommending cryptocurrencies to them at a higher rate. In the third quarter of 2024, the Advisor Pulse survey pointed out that advisors are recommending allocating more funds to Crypto Assets, reflecting their increasing confidence in diversifying investment portfolios with this asset class. In addition, 19% of financial advisors found that over half of their clients are investing in digital assets, which is a 4% increase from earlier this year. Additionally, 36% of advisors pointed out that 10% to 49% of their clients own cryptocurrency. The proportion of advisors with no clients owning cryptocurrency has dropped to below 3%, a significant decrease compared to the second quarter of 2024. 70% of financial advisors recommend at least 10% of clients to invest in Crypto Assets. In addition, more than a third of professionals (specifically 36%) recommend Crypto Assets to at least 50% of their clients. Financial advisors who include cryptocurrency in their recommendations typically suggest investing 2%, supported by around 26%. Additionally, 22% support a 5% allocation. The survey included 619 financial professionals, with 61% primarily serving clients with assets between 500,000 and 3,500,000 US dollars. Meanwhile, 11% focus on clients with assets exceeding 3,500,000 US dollars.