CFA Institute Survey Finds Most Brokers Steer Clear of Crypto

A CFA Institute survey finds that most brokerages prohibit sales of cryptoassets and that two-thirds of financial advisors would not sell such investments even if they could. The survey also reveals a generational divide.


New CFA Institute Survey Finds Most Broker Representatives Steer Clear of Cryptoassets Read the Survey Report

A CFA Institute survey finds that most brokerages prohibit solicited sales  of  cryptoassets.  Moreover,  67%  of  financial  advisors  said they would not sell such investments to clients even if they could. But the survey also reveals a generational divide, with early-career advisors expressing the most openness to cryptoassets and late-career  advisors  expressing  the  least  interest.  The  survey  found only a limited increase in investor interest in crypto over the past 12 months, with 44% of advisors reporting no increase. The survey was  conducted   in   November   2022   among   members   of   the Financial  Services  Institute  and  received  responses  from  340 financial advisors.

Source: CFA Institute