The Evolution Of Money

Most Advisors Report They Lack Confidence On Crypto

New thought-leadership on digital assets targets today’s practitioners

A strategic alliance between Fidelity and the Digital Assets Council Of Financial Professionals (DACFP) aims to inform, educate advisors on the emerging cryptocurrency market.

BOSTON–(BUSINESS WIRE)–Fidelity Institutional®, the division of Fidelity Investments® dedicated to providing technology, solutions, and insights to wealth management firms and institutions, today announced the company’s latest efforts to educate advisors on digital assets, including a new strategic alliance with the Digital Assets Council of Financial Professionals (DACFP) certificate program, founded by Ric Edelman.

Fidelity Institutional clients will receive an exclusive discount toward earning a certificate in Blockchain and Digital Assets and will receive 13 continuing education (CE) credits upon course completion. This certificate program contains 11 self-paced modules, comprised of 13 hours of educational content. Program participants will develop a firm understanding of digital assets and blockchain and receive guidance on how to incorporate digital assets into an investment management strategy.

“We are thrilled to enter into this relationship with DACFP to help drive continued education and awareness for advisors in the digital assets space,” said David Canter, Head of the RIA and Family Office Segment, Fidelity Institutional. “As interest in cryptocurrency accelerates across investor segments, we want to ensure we’re providing advisors with the foundational knowledge necessary to help address investor questions.”

“DACFP is committed to giving financial professionals the knowledge and skills they need to provide their clients accurate, relevant, timely and valuable advice about blockchain and digital assets,” said Ric Edelman, founder of DACFP. “We’re excited to work with Fidelity to drive this mission forward for its clients.”

New Digital Assets Thought Leadership Targets Advisor Audience

In addition to offering access to DACFP’s certificate program, Fidelity Institutional has published robust content on digital assets to help advisors better educate themselves and inform planning discussions with their end-clients. A recently published piece written specifically for an advisor audience, The Intersection of Cryptocurrency and Wealth Management: What Advisors Need to Know Now, provides advisors with foundational knowledge about the numerous ways investors can gain exposure to digital assets, and the important factors to consider in evaluating those options.

The paper is available on Fidelity Institutional’s website, along with additional thought leadership and educational materials from Fidelity Digital AssetsSM, which provides custody and execution services and digital asset management capabilities to institutions, and other Fidelity businesses to help advisors better navigate the evolving digital assets landscape. Topics range from broad digital assets pieces for advisors looking to build a foundational knowledge, as well as pieces on portfolio construction and operationalization considerations for those looking to continue their digital assets education.

Financial advisors’ adoption of digital assets nearly doubled in 2021, according to the Fidelity Digital AssetsSM 2021 Institutional Investor Digital Assets Study,[ii] increasing from 23% in 2020 to 43% in 2021. However, a recent Nasdaq study showed while only 10 percent of advisors report being very knowledgeable about cryptocurrencies, almost all advisors (98 percent) expressed an interest in learning more about cryptocurrencies and digital assets.[iii] With a longstanding commitment to research and development in the digital assets space, Fidelity is able to offer its resources to support advisors in their journey towards understanding the fast-growing emerging asset class.

Exploration Of Digital Assets

DACFP is committed to giving financial professionals the knowledge and skills they need to provide their clients accurate, relevant, timely and valuable advice about blockchain and digital assets...

“Fidelity’s exploration of digital assets began nearly a decade ago, and through continued research and development efforts in the blockchain ecosystem, our commitment to the space has deepened, “ said Peter Jubber, Head of Enterprise Engagement, Fidelity Digital AssetsSM. “Our goal with this thought leadership is to leverage our years of expertise and insights to provide advisors with the education and knowledge they need to engage in meaningful conversations with their end-clients and consider opportunities for their firm.”

Firm-wide, Fidelity believes that blockchain and digital assets will represent a significant part of the financial industry’s future. With an ultimate goal of becoming a holistic solutions provider in digital assets, Fidelity began bitcoin mining more than six years ago out of the Fidelity Center for Applied Technology (FCAT), and launched its institutional custody platform Fidelity Digital AssetsSM in 2018, adding digital asset management capabilities to its offering in 2020.

Fidelity also recently expanded its investing lineup with the launch of a new thematic ETF, Fidelity® Crypto Industry and Digital Payments ETF (FDIG), which is available for individual investors and financial advisors to invest in companies that support the broader digital asset ecosystem.

For advisors interested in learning more about DACFP, please contact your Fidelity relationship manager.

 

 

 

About Fidelity Investments
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $11.3 trillion, including discretionary assets of $4.2 trillion as of March 31, 2022, we focus on meeting the unique needs of a diverse set of customers. Privately held for over 75 years, Fidelity employs more than 57,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about-fidelity/our-company.
About Fidelity Digital AssetsSM
Fidelity Digital Assets offers a full-service enterprise-grade platform for securing, trading and supporting digital assets. A business of Fidelity Investments, one of the world’s largest and most diversified financial services providers, Fidelity Digital Assets combines the operational and technical capabilities of the broader Fidelity organization with dedicated blockchain expertise to deliver a differentiated offering for institutional investors. Learn more at www.fidelitydigitalassets.com.
[i] Nasdaq, Spot Crypto ETF in Demand by Majority of Advisors, April 2022
[ii] The Fidelity Digital Assets’ 2021 Institutional Investor Digital Assets Study, September 2021.
[iii] Nasdaq, Spot Crypto ETF in Demand by Majority of Advisors, April 2022