This week’s guest is Adam Blumberg. He is Co-Founder of Interaxis, Co-Founder and Lead Curriculum Developer of the CDAA or Certified Digital Asset Advisor designation, and Co-Founder of PlannerDAO.
A certified financial planner who has been in Financial Services for over 12 years, Adam created and launched a company dedicated to educating financial professionals about Digital Assets, Cryptocurrency, Blockchain, and other alternative assets in 2021, a course and Certification to teach Financial Advisors how to make Digital Assets part of their practice, launched a YouTube channel that now has over 10,000 subscribers, and was one of the creators of PlannerDAO, the first decentralized community for advisors, which has grown to over 1,000 members.
It’s safe to say that Adam has been keeping himself busy lately…
He and I come from similar backgrounds of educating the financial advisor community on crypto, and I wanted to dedicate an episode to covering all things registered investment advisors. While it’s not considered to be the “sexiest” profession within financial services, advisors like the ones Adam is working to educate will play a MAJOR role in this space, whether you realize it yet or not.
Why? Crypto investments require financial planning, tax planning, and estate planning functions just like any other asset… and often with more nuance. Which is exactly why most (if not ALL) investors will benefit from having a trusted guide to help them navigate the space in the future.
Not including broker dealer firms that offer wealth management services such as Morgan Stanley, UBS, & Merrill Lynch, the RIA industry makes up over 100 trillion dollars in assets under management. This is a whale of an industry that I’d encourage my listeners to take note of as we see crypto adoption continue to grow.
For more information about Adam Blumberg and Interaxis, please visit: https://www.interaxis.io/
You can Follow Adam Blumberg on Twitter @Interaxis8: https://twitter.com/Interaxis8
Show notes:
[0:06] Introduction to Adam Blumberg
[3:00] Adam's crypto origin story; how he got to where he is today
[6:43] Crypto for financial advisors; why should people care about the way RIA space approaches crypto in the future?
[11:44] Crypto education for advisors; sentiment that investors are going to invest in crypto with or without their advisor
[15:25] What does a financial advisor need in order to incorporate crypto into their practice
[18:51] What should advisors consider first when looking to get informed on crypto?
[24:09] Advisors should have fiduciary responsibility to understand crypto and the importance of education
[35:30] Crypto regulation for advisors
[40:03] Bitcoin and ETFs
[44:47] What it will take for mass adoption of crypto by advisors
[47:20] What crypto financial products are available today for advisors to provide their clients exposure to the space
[50:42] What does the portfolio of the future look like?
[58:00] How does crypto succeed and fail?
All opinions expressed by your hosts and the podcasts guests are solely their own opinions and do not reflect the opinion of the hosts or any of their affiliates. This podcast is for commercial and informational purposes only, is not investment advice, and should not be relied upon for any investment decisions. We are not recommending any securities or cryptocurrencies, nor is this an offer or sale of a security or cryptocurrency.
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