BrokerHunter Weekly Update 6/15/2021
June 15th, 2021
Advisors Face Client Confusion About Crypto, Meme Stocks
by Michael Fischer
What You Need to Know
- Eighty-nine percent of advisors said clients don't understand the volatility of cryptocurrencies, hot ETFs and meme stocks.
- The popularity of such investments reveals a generational divide.
- Fifty-four percent of advisors “refuse” to let their clients invest in these speculative sectors.
Two-thirds of financial advisors in a recent survey from Incapital said clients were confused by their adult children’s encouragement to invest in cryptocurrencies, meme stocks and hot ETFs. And 89% of advisors said clients do not understand the volatility of those sectors.
Click here to read the full article!
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