Cetera Introduces Bitcoin ETF Coverage and Steering for Monetary Professionals

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Cetera among the many first wealth administration companies to ship complete schooling, coaching and sources addressing quickly rising funding merchandise

Coverage represents a “prudent embrace” of bitcoin ETFs and the newest Cetera providing to assist monetary professionals greatest serve their shoppers and strategically develop their enterprise

SAN DIEGO, March 14, 2024 /PRNewswire/ — Cetera Financial Group (Cetera), the premier monetary advisor Wealth Hub, introduced as we speak that it has launched a brand new coverage concerning the utilization of bitcoin ETFs in brokerage accounts. The coverage contains schooling and sources designed to assist affiliated monetary professionals information their shoppers in incorporating bitcoin ETFs into their funding portfolios. Cetera is among the many first wealth administration companies to roll out a proper coverage on bitcoin ETFs as exponentially extra buyers are exploring the merchandise and investing in bitcoin.

“As anticipated, we’re prudently embracing bitcoin ETFs and we prioritized creating this vital steering to assist our monetary professionals implement these merchandise in consumer portfolios,” mentioned Matt Fries, head of funding merchandise and companion options at Cetera. “As we speak’s buyers have more and more complicated wants, and our funding merchandise workforce is right here to assist our monetary professionals throughout the funding spectrum. We’ll proceed to proactively consider the implications of bitcoin ETFs and associated merchandise and modify our insurance policies accordingly, and we stay up for partnering with our monetary professionals to undertake bitcoin ETFs when applicable with their shoppers.”

Cetera has authorised utilization of the next spot bitcoin ETFs: Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), Constancy Clever Origin Bitcoin Fund (FBTC), and Blackrock iShares Bitcoin Belief (IBIT). The chosen funds are sponsored by main ETF suppliers with monitor information of efficiently launching new product methods, and are nicely positioned with established sources, instruments and information. Coaching might be out there for monetary professionals on Cetera’s award-winning AdviceWorks portal beginning on March 25.

Cetera’s new program follows exponential development of bitcoin ETFs amongst buyers. Roughly 50 million folks personal bitcoin, as of February 2024, in accordance with the number of unique addresses with non-zero balances of bitcoin. This represents a rise of 20 million customers in comparison with 2023.

Go to www.cetera.com for extra info.

About Cetera

Cetera Monetary Group, which is owned by Cetera Holdings (collectively, Cetera), is the premier monetary advisor Wealth Hub the place monetary advisors and establishments optimize their management and worth creation. Breaking away from a commoditized and homogenous IBD mannequin, Cetera provides monetary professionals and establishments the newest options, assist, and providers to develop, scale, or transition with a merger, sale, funding, or succession plan. Cetera proudly serves unbiased monetary advisors, tax professionals, licensed directors, massive enterprises, in addition to establishments, equivalent to banks and credit score unions, offering a longtime and repeatable blueprint for scalable development.

Residence to greater than 12,000 monetary professionals and their groups, Cetera oversees greater than $475 billion in belongings below administration and $190 billion in belongings below administration, as of December 20, 2023. In a current advisor satisfaction survey of greater than 32,000 critiques, Cetera’s Voice of Buyer (VoC) program vigorously measures advisor expertise and satisfaction 24/7. At present, it’s ranked 4.8 out of 5 stars.

Go to www.cetera.com, and observe Cetera on LinkedIn, YouTube, Twitter and Facebook.

“Cetera Monetary Group” refers back to the community of unbiased retail companies encompassing, amongst others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Funding Providers LLC (marketed as Cetera Monetary Establishments or Cetera Buyers), and Cetera Monetary Specialists LLC. All companies are FINRA/SIPC members. Situated at: 655 W. Broadway, eleventh Flooring, San Diego, CA 92101.

Vital Disclosure Info

Cetera doesn’t supply any direct investments, endorsements, or recommendation because it pertains to Bitcoin or any crypto forex.

Buyers ought to fastidiously think about funding aims, dangers, costs and bills. This and different vital info is contained within the prospectus and abstract prospectus, which could be obtained from a monetary skilled and ought to be learn fastidiously earlier than investing.

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