“The future of wealth management is a non-custodial plus discretion relationship.”Host of “On Purpose” Tyrone Ross recaps his lessons learned from spending the past few weeks travelling and speaking with bank executives, RIAs, broker dealers and financial advisers across the country.Those who are already sold on crypto will resonate with Ross’ sentiment that many of the largest institutions are reluctant to embrace crypto in any capacity. Regardless of their reluctance, clients will search for and invest in products with asymmetric returns. Clients will have a portfolio of non-fungible tokens (NFTs), they will be staking at Coinbase and they will have a MetaMask wallet.Even if the clients are self-custodying crypto assets such as these, they will still search for advice on what to do with their wealth. Recognizing this future and preparing for it is the best an adviser can do for themselves and their firm.This episode has been produced, announced and edited by Michele Musso with additional production support from Eleanor Pahl. Our theme song is Walk with Swag. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.