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Until custody risk is virtually eliminated, advisors won’t buy and sell crypto assets on behalf of clients. But they still need to be well-versed in the new asset class.
Finalists don’t seem to mind stipulations like the right of first refusal, which are said to be expected when working with a large custodian or other similar institutions.
Emigrant Bank’s acquisition of Fiduciary Network could signal a new way for banks to play in the wealth management space, without some of the marital problems.