GENERAL – DACFP Advisor Directory

I’ve had a hard time adding a beneficiary to my digital assets account at Coinbase. Their customer service messaging app is not easy to navigate, and I can’t get anyone in customer service to answer the phone. I know I can move the assets to a different platform. Who offers the best customer service? I’m also considering a cold wallet. Any suggestions?
Timothy Reid Bolinger, Financial Advisor, Fisher Wealth Management | Ric Responded November 18, 2021

fryoneusa2021-11-18T13:45:10-05:00

I’m not aware that you can name a beneficiary to accounts at Coinbase. This is not uncommon, as many institutions don’t allow you to name beneficiaries on taxable accounts. Traditionally, beneficiary designations are set for retirement accounts, wills & trusts, and annuities. So, if your financial institution doesn’t allow you to name a beneficiary on [...]

I’ve had a hard time adding a beneficiary to my digital assets account at Coinbase. Their customer service messaging app is not easy to navigate, and I can’t get anyone in customer service to answer the phone. I know I can move the assets to a different platform. Who offers the best customer service? I’m also considering a cold wallet. Any suggestions?
Timothy Reid Bolinger, Financial Advisor, Fisher Wealth Management | Ric Responded November 18, 2021fryoneusa2021-11-18T13:45:10-05:00

What would you do to get in front of this seismic shift of DeFi/Blockchain?
Alex Smith, Managing Director, Individual IRA | Ric responded November 17, 2021

fryoneusa2021-11-18T13:53:03-05:00

For sure, our Certificate in Blockchain and Digital Assets program is a great way to start. Beyond that, read as much as you can and attend as many events as you can. We list great news services at the DACFP Yellow Pages. And when you become fully immersed and are ready to devote full-time effort [...]

What would you do to get in front of this seismic shift of DeFi/Blockchain?
Alex Smith, Managing Director, Individual IRA | Ric responded November 17, 2021fryoneusa2021-11-18T13:53:03-05:00

Would you please enumerate what would be the likely investment options for a typical RIA client brokerage account?
James Pazderak, President, Covenant Wealth Advisors | Ric responded, November 18, 2021

fryoneusa2021-11-18T13:42:11-05:00

That’s a big question. We cover it in detail in our DACFP Certificate in Blockchain and Digital Assets program – and we’re creating a new 1-hour presentation to address this specifically. Visit our Events page to register for our upcoming webinars and to watch replays of our past events. Also, you can find all the [...]

Would you please enumerate what would be the likely investment options for a typical RIA client brokerage account?
James Pazderak, President, Covenant Wealth Advisors | Ric responded, November 18, 2021fryoneusa2021-11-18T13:42:11-05:00

How can I find a digital asset savvy estate planning attorney for my clients who own and want to pass on their digital assets?
Cody Murray, Financial Planner, Bivin & Associates | Ric responded, November 9, 2021

fryoneusa2021-11-09T13:03:04-05:00

We offer a list of estate planning attorneys with expertise in digital assets in our Yellow Pages directory.

How can I find a digital asset savvy estate planning attorney for my clients who own and want to pass on their digital assets?
Cody Murray, Financial Planner, Bivin & Associates | Ric responded, November 9, 2021fryoneusa2021-11-09T13:03:04-05:00

Are you finding that RIA’s that offer digital assets to their clients are investing directly in Coins (Bitcoin/Ethereum etc.) using institutional accounts with Gemini/Coinbase, etc., through assets like Grayscale Bitcoin Trust hedge funds or some other way?
Michael Eastham, President, Fellowship Financial Group | Ric responded, October 19, 2021

fryoneusa2021-11-01T17:54:39-04:00

It’s all over the map. RIAs are a diverse group of professionals – and as a result, their approaches to digital assets vary greatly. Thus, every company offering access to the marketplace is gaining assets. Don’t worry about what others are doing. Explore each option that’s available. Then, using your knowledge about your clients and [...]

Are you finding that RIA’s that offer digital assets to their clients are investing directly in Coins (Bitcoin/Ethereum etc.) using institutional accounts with Gemini/Coinbase, etc., through assets like Grayscale Bitcoin Trust hedge funds or some other way?
Michael Eastham, President, Fellowship Financial Group | Ric responded, October 19, 2021fryoneusa2021-11-01T17:54:39-04:00

What about using a self-directed Roth IRA?
H. William Wolfson, Wolfson Financial Advisors| Ric responded, October 19, 2021

fryoneusa2021-11-01T17:53:21-04:00

Great idea! If gains occur as many project, placing those gains into a tax-free account is a great idea. Several firms, including Choice by Kingdom Trust, allow you to buy digital assets in IRAs and Roth IRAs.

What about using a self-directed Roth IRA?
H. William Wolfson, Wolfson Financial Advisors| Ric responded, October 19, 2021fryoneusa2021-11-01T17:53:21-04:00

Is there an ability to place good-til-cancelled, stop or stop-limit orders?
Zachary Hoyer, CIO, Financial Services | Ric responded, October 19, 2021

fryoneusa2021-11-01T17:52:32-04:00

With many exchanges, yes.

Is there an ability to place good-til-cancelled, stop or stop-limit orders?
Zachary Hoyer, CIO, Financial Services | Ric responded, October 19, 2021fryoneusa2021-11-01T17:52:32-04:00

Is direct asset investing available for non-qualified advisor managed accounts?
Daniel Hart, RIA, APS Management Group, Inc | Ric responded, October 19, 2021

fryoneusa2021-11-01T17:51:50-04:00

Yes. Several firms facilitate this.

Is direct asset investing available for non-qualified advisor managed accounts?
Daniel Hart, RIA, APS Management Group, Inc | Ric responded, October 19, 2021fryoneusa2021-11-01T17:51:50-04:00

How do SEPs and Solo Ks work?
Ted Krammer, Principal, Krammer Financial | Ric responded, October 19, 2021

fryoneusa2021-11-01T17:51:01-04:00

Same as IRAs. The paperwork is mildly different but no big deal.

How do SEPs and Solo Ks work?
Ted Krammer, Principal, Krammer Financial | Ric responded, October 19, 2021fryoneusa2021-11-01T17:51:01-04:00

Would a U.S. based CBDC be built on a public blockchain?
Karen Flynn, Retired, RIA | Ric responded, October 19, 2021

fryoneusa2021-11-18T15:28:53-05:00

I have certainly felt that this is a given. However, Sunayna Tuteja, Chief Innovation Officer at the Federal Reserve, said at October’s DACFP VISION conference that use of a blockchain to create and operation a US CBDC is not a given. Other technology, she speculated, could be used, although she did not elaborate. My bet [...]

Would a U.S. based CBDC be built on a public blockchain?
Karen Flynn, Retired, RIA | Ric responded, October 19, 2021fryoneusa2021-11-18T15:28:53-05:00