Many advisers lack the knowledge needed to guide their clients successfully in Bitcoin-related investments
Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. David Berger is the founder and CEO of the Digital Currency Council in New York.
Bitcoin is a rapidly emerging asset class, one that people are interested in both because it has the potential to change the world for the better, and to provide a significant return on investments. Yet not many financial advisers have the knowledge base necessary to guide their clients successfully in Bitcoin-related investments.
In my previous capacity as CEO for the Americas at Campden Wealth and the Institute for Private Investors, I observed that high-net-worth investors and their advisers are especially eager to learn more about Bitcoin, but they don’t know where to start.
I founded and now lead the Digital Currency Council, a New York-based organization that offers online and live training, as well as professional certification, in digital currency for financial advisers, attorneys, and accountants. We spoke with hundreds of financial managers from large wirehouses and boutique firms. They helped us to identify the core competencies advisers should have if they want to help clients interested in Bitcoin.