2024-11-15 –, Finney Stage
My presentation explains how financial planners and advisors can help clients adopt Bitcoin by educating them on its benefits, risks, and security measures, while assessing their clients' financial goals and risk tolerance to determine appropriate portfolio allocation. Clients expect their advisors to assist with technical questions and tax implications, integrating Bitcoin into a broader financial strategy.
Financial planners and advisors can play a crucial role in helping clients adopt Bitcoin by incorporating it into their comprehensive financial strategies. I explain practically how to educate clients on the fundamentals of Bitcoin, including its benefits as a long term savings technology, risks, volatility, tax considerations, and security measures.
Financial planners can adopt bitcoin in their practice by assessing the client’s financial goals, risk tolerance, and investment horizon to determine the appropriate allocation to BTC within their portfolio. Financial planners also assist with the technical aspects, such as setting up and managing wallets and selecting reputable exchanges or brokerages for converting between fiat and bitcoin.
Additionally, planners keep clients informed about the tax implications of using bitcoin. By integrating bitcoin into a broader financial plan, they help clients navigate the complexities of electronic cash, while striving to achieve their long-term financial goals with sound money.
Morgen Rochard is the founder and lead financial planner of Origin Wealth Advisers LLC, where she has advised clients on Bitcoin since 2016. Morgen is a fee-only financial planner, Chartered Financial Analyst, and Registered Life Planner dedicated to providing timeless advice to bitcoin families. She is also a Bitcoin Financial Consultant at her firm Money Owners LLC. Morgen co-hosts the Bitcoin for Advisors podcast and is the author of The Personal Finance Quickstart Guide book sold Amazon.