Franklin Templeton launches online digital
assets education course for financial professionals in partnership
with DACFP
GREAT
FALLS, Va., May 13, 2024
/PRNewswire/ -- More than one-third (35%) of financial advisors
surveyed say they plan to recommend digital assets to their clients
within the next six months, according to a March 2024 survey conducted by the Digital Assets
Council of Financial Professionals (DACFP) and sponsored by
Franklin Templeton Digital Assets. This represents a 70% change
compared to the more than one-fifth (21%) of financial advisors who
said they plan to recommend crypto within six months,
when surveyed in December 2023.
"The availability of new spot bitcoin ETFs,
combined with a roughly 50% increase in bitcoin's
price so far this year, is spurring advisors to get more involved
with crypto than ever," said DACFP Founder
Ric Edelman, CBDA, author of the #1
Amazon best-seller, The Truth About Crypto. "Advisors
are racing to gain the knowledge they need to properly serve their
clients."
Among advisors who recommend an allocation to
crypto, nearly nine in 10 (87%) are recommending that
clients allocate 1% to 5% of their assets. The most recommended
allocation is 2%, indicated by three in 10 survey respondents
(31%). Advisors are also recommending that clients make greater
allocations to crypto following the launch of spot
bitcoin ETFs, with 85% of advisors suggesting
allocations of more than 1% in March
2024 compared to only 74% in December
2023.
"Advisors increasingly express interest in allocating towards
digital assets as a means of better diversifying their clients'
portfolios and capturing the investment opportunity represented by
the growing protocol-based network economy," said Sandy Kaul, Head of Digital Asset & Industry
Advisory Services at Franklin Templeton. "As advisors and their
clients progress through their respective digital assets journeys,
it is important they choose a partner capable of conducting
research, development and education across the entire digital
assets ecosystem."
Educational Resources
Franklin Templeton Digital
Assets recently worked with DACFP to launch a new online
Discovering Digital Assets: Blockchain, Bitcoin and
Beyond course, which provides financial professionals with
practical and actionable advice to effectively incorporate digital
assets into their businesses. The 60-minute course consists of
videos that address various topics including blockchain,
bitcoin, Ethereum, tokenization,
non-fungible tokens (NFTs), decentralized
finance (DeFi), staking, lending, and investing in
cryptocurrencies. The content is CE credit eligible
for the CFP®, CIMA®, RMA® &
CPWA® designations.
Additionally, DACFP reports a sharp increase in the number of
advisors enrolling in its online Certified in Blockchain and
Digital Assets (CBDA) program. The program is available via
the online DACFP Learning Center that hosts CE courses and content
designed to educate financial professionals about blockchain and
digital assets. Participants in the program are eligible to receive
the CBDA designation upon completion.
Methodology
272 financial advisors participated in the
March 2024 iteration of the survey.
Of them, 71% are financial advisors of independent RIA firms and
the remainder work for regional or independent brokerage firms
(19%), wirehouses (2%), or other types of companies in the
financial services industry, such as trust companies and family
offices (8%). This segmentation tracks very closely to the
December 2023 survey released in
early 2024.
To learn more about the survey and its findings, please click
here.
About Franklin Templeton Digital Assets
Franklin
Templeton Digital Assets has been active in the digital asset
ecosystem since 2018, building blockchain-based technology
solutions, developing a range of investment strategies, and running
node validators. Franklin Templeton Digital Assets' dedicated
digital assets research team leverages fundamental "tokenomic"
analysis, insights from an imbedded data science team, and deep
industry connections to help inform product development and
investment decisions. For more information, please visit Franklin
Templeton Digital Assets and follow the team on Twitter.
Franklin Templeton Digital Assets is a part of Franklin
Resources, Inc., a global investment management organization with
subsidiaries operating as Franklin Templeton and serving clients in
over 150 countries. Through its specialist investment managers, the
company offers specialization on a global scale, bringing extensive
capabilities in fixed income, equity, alternatives and multi-asset
solutions. With more than 1,500 investment professionals, and
offices in major financial markets around the world, the
California-based company has over
75 years of investment experience and over $1.6 trillion in assets under management as of
March 31, 2024. For more information,
please visit franklintempleton.com and follow us on LinkedIn,
Twitter and Facebook.
About DACFP
Founded by Ric
Edelman, the Digital Assets Council of Financial
Professionals is the leading provider of crypto
education. DACFP connects the financial services industry and
digital assets communities with leading experts via live and online
events, webinars, blogs and other educational content. Its flagship
program, the Certified in Blockchain and Digital
AssetsSM, is the first and largest certification program
of its kind—an online self-study program featuring a world-class
faculty and 18 Continuing Education credits. Thousands of financial
professionals from 37 countries have enrolled.
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SOURCE Digital Assets Council of Financial Professionals