Nearly all IFAS refuse to recommend cryptocurrencies

News Team, 16/06/2021

New research has found 93 percent of IFAs wouldn’t recommend cryptocurrencies and 95 percent wouldn’t recommend meme stocks.

The research – conducted by Opinium’s IFA omnibus across 200 UK IFAs – found 91 percent would be concerned if a client was investing in crypto or meme stocks.

The concern only increased with portfolio size.

For portfolios under £100,000, 84 percent of IFAs would be concerned. 90 percent would be concerned for clients with p...

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