Meanwhile, a bipartisan effort is under way to push forward crypto regulation before year's end in the wake of the FTX collapse.

BlackRock invested some $24 million in the cryptocurrency exchange, Larry Fink said, adding that he still believes in crypto’s underlying technology.

Chair Colm Kelleher says a desire to focus on the ultra-wealthy was the reason the Wealthfront deal was scrapped.

Former regulator staff, banks and trade groups say there’s a lack of clarity from regulators on how traditional financial institutions should engage with digital assets.

The Public Investors Advocate Bar Association contends that a proposal to classify home offices as non-branch locations “leaves considerable opportunity for advisors working from home to skirt the rules.”

Outsourcing investment management offers advisors the opportunity to free up substantial time while providing their clients with best-in-class solutions.

The company has sent emails to several users telling them that “the wait is over,” according to The Block, after rolling out a waiting list for crypto trading for interested investors earlier this month.

A J.D. Power survey of wealth management customers also found that advised investors have greater overall satisfaction with their firm’s website and app than self-directed investors do.

Most cryptocurrency exchange apps were downloaded when Bitcoin was trading at prices well above its current level, meaning that investors who hung around likely lost money.

In a letter to Fidelity CEO Abigail Johnson, Democratic senators says the implosion of the crypto exchange shows the prominence of “wunderkinds, opportunistic fraudsters and self-proclaimed investment advisors” in the crypto space.