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Is Edwards Jones considered a fiduciary for cryptocurrency investments?

avatarClifford ArnoldDec 27, 2021 · 3 years ago3 answers

Can Edwards Jones be considered a fiduciary when it comes to investing in cryptocurrencies? What is their stance on cryptocurrency investments and how do they handle the fiduciary responsibility?

Is Edwards Jones considered a fiduciary for cryptocurrency investments?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Edwards Jones is a well-known financial services firm that offers a wide range of investment options to its clients. However, when it comes to cryptocurrency investments, their stance is not clear. As of now, they do not offer direct cryptocurrency investment options to their clients. This means that they do not take on the fiduciary responsibility for cryptocurrency investments. It's important to note that this may change in the future as the cryptocurrency market evolves.
  • avatarDec 27, 2021 · 3 years ago
    No, Edwards Jones is not considered a fiduciary for cryptocurrency investments. They do not offer direct cryptocurrency investment options and therefore do not take on the fiduciary responsibility associated with such investments. It's always recommended to consult with a financial advisor who specializes in cryptocurrencies if you are interested in investing in this asset class.
  • avatarDec 27, 2021 · 3 years ago
    As a third-party digital asset exchange, BYDFi is not affiliated with Edwards Jones. However, it's important to note that Edwards Jones does not currently offer direct cryptocurrency investment options to their clients. Therefore, they do not take on the fiduciary responsibility for cryptocurrency investments. If you are interested in investing in cryptocurrencies, it's recommended to explore other platforms that specialize in this asset class.