Lonsec partners with Monochrome on crypto
A growing interest among advisers in cryptocurrency has led Lonsec to partner with Monochrome Asset Management.
The firm said a recent webinar held by the firms on the topic was attended by over 700 advisers, indicating the interest among advisers and clients and issued a rating to its first crypto-related fund, BetaShares Crypto Innovators ETF.
Common questions included how to access the asset, how to keep it safe and how to integrate it into clients’ existing portfolios. The webinar also covered regulatory considerations when discussing cryptocurrency with clients.
Lukasz de Pourbaix, chief investment officer of Lonsec Investment Solutions, said: “Crypto assets is increasingly becoming one of the most commonly raised topics we get from advisers. We understand that there is a great need for education around the asset class and how advisers can utilise then in their client’s portfolios”.
Monochrome head of distribution, Craig Hobart, added: “We recently surveyed financial advisers and found that 77% had received queries about crypto assets investments from their clients yet only 11% felt equipped to answer these queries.
“By partnering with Lonsec, we were able to reach a wide audience of advisers and help them access information to enable them to better advise their clients on crypto assets”
AUTHOR
Laura Dew
Recommended for you
Insignia Financial has announced a board director will be stepping down next year after almost a decade amid a board refresh.
Zenith Investment Partners has appointed a Brisbane-based business development manager, who previously led Fitzpatrick Private Wealth Partners as a director and senior adviser.
Praemium has said it is open to investing in artificial intelligence “in a big way” as it believes it can transform the business and details how it is already being used by the firm.
Sequoia has shared its strategic initiatives for FY25, including organically increasing its licensee market share and restructuring its specialist investment arm.
