The firm launched by former financial advisor Ric Edelman has rolled out a new online course aimed at educating financial advisors about non-fungible tokens, or NFTs, while letting them earn continuing education credit.
The Digital Assets Council of Financial Professionals says it has launched "Understanding NFTs," a self-study course taught by DACFP faculty member Jacki Roach, chief NFT specialist at consultancy My Crypto Advisor.
In the one-hour program, which allows participants to earn one CE credit, Roach explains what NFTs are, how they work, why they’re attracting attention and how clients are investing in them, as well as NFTs’ potential use “in business and society” — and how advisors can include the product in their clients' portfolios, according to the announcement.
Advisors enrolled in DACFP’s certificate program on blockchain and digital assets can take the NFT course for free, the company says.
The new course is the third of seven self-study CE-credit classes DACFP's Education Center is adding this year, according to the announcement. Other courses cover crypto taxation and generating income via crypto staking, lending and borrowing.
"We are committed to continuously providing advisors with the crypto content they need, so they can serve more clients and generate more [assets under management]," Edelman said in the announcement. "NFTs are both popular and controversial, and our new course gives financial professionals the information they need to serve and protect their clients."
Edelman, who has been at the forefront of promoting cryptocurrencies, launched DACFP to educate the financial services industry about what he says is "the first major new asset class in 150 years,” CNBC quoted him as saying last month
Edelman has also given up all of his securities licenses and last year stepped down from his role as chairman at financial planning firm Edelman Financial Engines, where he remains the largest individual shareholder.
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