I created Digital Assets Council of Financial Professionals to answer questions just like this one. The DACFP Certificate in Blockchain and Digital Assets course provides allows advisors to demonstrate to their clients that they have attained the education and can provide advice that is in the client’s best interest.
This is an online class with 13 CE credits, taken at your own pace. The 11 modules are split into two camps. The first five modules are on blockchain and digital assets. This is the fundamental knowledge and education needed to understand digital assets and explain it to clients. The second five modules are centric to financial advisors. This half focuses on practice management elements so that advisors can actually put all of these methods to use. The certificate covers questions such as these:
- How do you integrate this into asset allocation?
- How do you diversify?
- And what are the reasons for doing so?
- How do you create the asset allocation models?
- Where do you buy it?
- What exchanges what?
- What custodians do you use?
- What are the funds that are available for purchase?
- How do you store it and safeguard it?
- Do you do that through hot or cold wallets?
- How do you track it?
- How do you provide the record keeping?
- How do you rebalance it?
- How do you do the tax reporting?
- How to integrate it into rebalancing with the rest of your portfolio and as a financial advisor?
- How do you provide or receive compensation along with the rest of your asset management services?
- What are the tax reporting obligations?
- The regulatory requirements?
- What are all the issues associated to allow the advisor to do their job as an advisor while serving the client in their best interests?
Please visit our Certification in Blockchain and Digital Assets page for further details and to register.
Ric responded, February 1, 2021