Young Rich People Are Seeking More Advice on Crypto From Wealth Managers
- Also keen to see technology companies enter wealth business
- Private banks mostly reluctant to advise on crypto investment
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Wealth managers should overcome their reluctance to discuss cryptocurrency investments with their younger rich clients, to prevent them from turning to other specialists for advice, according to consultant Capgemini SE.
More than 70 percent of millionaires below the age of 40 believe it’s important they receive information on cryptocurrencies from their primary wealth managers, according to a Capgemini survey published on Tuesday. Only 13 percent of those aged 60 or above viewed such advice as necessary.