My friend is a financial advisor with 500 clients, and a book of business of $100,000,000.
I orange pilled him in 2016, and he’s been a Bitcoiner since 2018, he left the financial advisor business 2 years ago.
He’s at the point where he wants to help these 500 families get 1-5% of their net worth allocated to BTC.
Most of these families are asking him questions about Bitcoin already, and a lot of them are ready to buy BTC once he has the conversation with them.
The problem is that most of them are not ready to take custody of their own coins, they want him to help them acquire the BTC and hold it for him.
Are there any practical solutions for this where he can help onboard people to bitcoin without being “in custody” of their coins?
There are probably hundreds or thousands of RIAs in this position.
How can we help them onboard clients that trust them already, and make some money for their efforts, without taking on the liability of being custodians?
