Rich people become cryptocurrency fans, want better advice

in esteem •  6 months ago

imageSource:https://financialtribune.com/articles/world-economy/85873/cryptocurrency-exchanges-fleeing-asia-over-tough-regulations

Simply around partly of millionaires are in song with their wealth managers and the precise annoying are increasingly attracted in cryptocurrency investment.

High net worth individuals (HNWIs)- definite in the Capgemini opinion poll as having at slightest $1 million to invest not including their major homes and gear such as drawing collections and cars -- aphorism investment income above 20 percent in 2017 for the second day in a row.

That helped perceive their collective wealth above $70 trillion for the originator time and put them on trail to be inflicted with comprehensive $100 trillion by 2025, the Capgemini earth Wealth shot 2018 found.

But it did not boost their satisfaction with the inhabit running their fortunes.

Only around 56 percent of millionaires answer they are attached "very well" with their wealth managers, condensed of the 70 percent stage the French establishment consulting categorize calls a superficial grade.

Rich grassroots enthusiasm for digital currencies swelled keep up year, with 29 percent of millionaires expressing a excessive quantity of attraction in import or property cryptocurrencies and not quite 27 percent rather interested, the study found.

Still, merely around a third believed they had got in rank about cryptocurrencies from their wealth managers.

"Although regulatory uncertainty and firm caution have prevented cryptocurrencies from penetrating the wealth management industry, the strong demand for information on cryptocurrencies from younger HNWIs is likely to force wealth management firms to at least develop and offer a point of view during the months ahead," it said.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!