Financial Advisors may not be giving credence to the crypto currency trend circulating social media, but it is still important to pay attention as Elite Consulting Partners CEO Frank LaRosa and COO Dale Dempsey discuss in this episode. Crypto currency has gained a following with younger people and make no mistake – they are sharing what they are learning with their parents. As a financial advisor, it is important that you protect your flank by staying knowledgeable about all financial trends – good or bad – so you can be of service to your clients.
Key points Frank and Dale cover related to crypto currency include:
1) The important role social media is playing in the perceived validity of crypto currency.
2) Crypto currency as a ‘too good to be true’ scam.
3) Why the crypto currency trend matters – whether you agree with it or not.
The best financial advisors stay up to date on any and all financial services trends that may influence their client’s decision making. By being able to speak to the risk scenarios of crypto currency you prove yourself a resource, which is a vital component of managing your client’s portfolio now and protecting its legacy for generations to come.