There’s a powerful interest in digital assets among investors in Asia, but wealth management firms remain reluctant to aid them, according to a different report from talking to giant Accenture.
The report, entitled The way forward for Asia Wealth Management, mentioned that, although a lot of Asian investors have previously allotted capital to digital assets, and much more want to purchase them this season, couple of advisory firms are willing or capable of supporting clients about this.
Based on the outcomes of market research within the report, over fifty percent of Asian investors now hold digital assets in certain form, whether directly as cryptocurrencies or any other tokenized assets, or not directly by means of crypto-backed investment funds.
Furthermore, an additional 21% of individuals surveyed stated they expect to purchase digital assets through the finish of 2022.
Typically, digital assets now constitute 7% of Asian investors’ portfolios. This will make it a “top-five asset class” among Asian investors, and accepted foreign currency, goods, and collectibles one of the surveyed investors, the report stated.
Regardless of this strong interest in digital asset investments, an astonishing two-thirds from the surveyed wealth management firms stated other product plans whatsoever to provide digital assets to clients, while only 24% stated that they’re thinking about it for future years.
Because of the possible lack of support from professional wealth managers, affluent investors remain with seeking advice “on unregulated forums, including peer-to-peer suggestions about social networking,” the report stated.
Commenting around the findings, Nicole Bodack, Accenture’s group lead for Growth Markets, stated that it’s obvious that investors are searching for brand new products to purchase, which including digital assets.
Bodack added that it’s key that advisory services exist to support investors “as they grapple with market volatility, longer existence expectancies and all the different investment information available on the web.”
The findings within the report were according to two surveys: one about 3,200 investors as participants and the other using more than 500 financial advisors at Asian wealth management firms.