A recent survey reveals a significant uptick in financial advisors planning to recommend digital assets to their clients. The survey, conducted in March by the Digital Assets Council of Financial Professionals (DACFP) and sponsored by Franklin Templeton Digital Assets, shows that 35 percent of financial advisors intend to recommend digital assets within the next six months. This marks a notable increase from 21 percent in December.

According to ThinkAdvisor, the survey polled 272 financial professionals, with 71 percent working at independent Registered Investment Advisors (RIAs), 19 percent at regional or independent brokerages, and 2 percent at wirehouses or other financial services firms.

Despite the growing interest, only 30 percent of advisors have inquired whether their clients own crypto. Of those, 92 percent reported that some clients do own crypto assets. Additionally, 39 percent of advisors indicated that up to half of their clients own digital assets, while 10 percent reported that more than half of their clients are invested in crypto.

The survey also highlighted that 87 percent of advisors recommend clients allocate 1 percent to 5 percent of their assets to crypto, with 31 percent suggesting a 2 percent allocation. A smaller segment, 8 percent, recommends allocating 10 percent to 14 percent, and 1 percent advise allocating more than 20 percent.

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