Half of UK Wealth Advisers Can't See Clients' Crypto Holdings
A CoinShares survey reveals half of UK wealth advisers have no visibility into clients' crypto assets, exposing a growing blind spot in wealth management.
Half of wealth advisers in the United Kingdom have no way of seeing the cryptocurrency holdings their clients carry, according to a new survey by digital asset investment firm CoinShares — a finding that underscores a widening transparency gap inside the traditional wealth management industry.
The CoinShares research also found that many EU-based wealth management firms have either instituted explicit policies restricting investments in digital assets or simply offer no guidance on the subject at all, leaving advisers without a clear framework for addressing clients who hold crypto independently.
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The disconnect creates practical risk for both sides of the advisory relationship. Advisers who cannot account for a client's full asset picture may build financial plans that misrepresent actual net worth, risk exposure, or tax liability — all without either party realizing it. As crypto adoption continues to grow among retail and high-net-worth individuals alike, that blind spot becomes harder to justify.
The survey points to a broader structural tension: regulated wealth managers operate inside compliance-heavy environments that have been slow to formally accommodate digital assets, while clients have moved ahead and accumulated crypto holdings through exchanges and self-custody wallets that exist entirely outside the adviser's view. Without updated internal policies or cross-platform reporting tools, the gap is unlikely to close on its own.
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