Wealth management

Charles Schwa

2026-10-07 19:38:16

Charles Schwab survey says U.S. crypto investors plan to add to holdings over the next year

A new survey from Charles Schwab found that existing cryptocurrency investors in the U.S. are more inclined to increase their positions over the next 12 months than holders of any other major investment type tracked in the study. The firm’s 2026 Modern Wealth Survey, released Wednesday, showed that 60% of current crypto investors expect to invest more, compared with 56% for ETF investors, 52% for stock investors, 42% for bond investors, and 41% for mutual fund investors. Joe Vietri, Charles Schwab’s head of digital assets, said younger investors are driving much of the interest and momentum, while crypto is also being seen more often as a complement to traditional portfolios. The report also said one in five Americans currently owns cryptocurrency, with another one in five saying they do not own it yet but are interested in buying. Among investors, nearly half hold crypto. The online survey was conducted by Logica Research between Aug. 24 and Sept. 17, 2026, using a national sample of 2,000 Americans aged 21 to 75.

20

HSBC

2026-10-07 14:29:40

HSBC plans to cut up to 70% of financial advisers in the UK as AI use expands

HSBC is planning to cut as much as 70% of its financial advisers in the UK, according to a Techub News item citing Finextra Crypto. The move is described as part of a broader reduction in the bank’s wealth management business. The input states that the planned cuts are being driven by increased use of artificial intelligence. No further details were provided in the source material on timing, headcount, or which parts of the UK operation would be affected. The report links the staff reduction directly to HSBC’s push to apply AI more widely in this area of the business.

00

Meanwhile

2026-10-09 08:15:09

Meanwhile tops $180 million in funding as it builds Bitcoin-denominated life insurance

Bitcoin life insurer Meanwhile said on Oct. 8 that it raised another $37.5 million in a round led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures and Morgan Creek Digital. The company said total funding has now exceeded $180 million, following financing announcements of $40 million in April 2025 and $82 million in October 2025. Early backers also include OpenAI CEO Sam Altman. Founded in 2022, Meanwhile is taking a different route from most crypto financial firms by focusing on life insurance rather than trading, payments or lending. Its products are structured entirely in Bitcoin: premiums are paid in BTC, policy cash value accrues in BTC, death benefits are paid in BTC, and policyholders can borrow against policy value in BTC. The company’s insurance entity, Meanwhile Insurance Bitcoin (Bermuda) Limited, launched its Bitcoin life product in 2023 and received Bermuda’s first Class IILT innovative life insurance license from the Bermuda Monetary Authority in July 2024 after roughly two years in a regulatory sandbox. Meanwhile is now pushing its single-premium BTC Life 1-Pay product for non-U.S. high-net-worth clients, while expanding distribution through wealth management and insurance brokerage channels in Singapore, Hong Kong, the UAE and Switzerland.

10

Gate

2026-10-07 10:17:26

Gate unveils Gate Money at TOKEN2049, linking digital assets, stocks and payments

Gate on Oct. 7 introduced Gate Money during a TOKEN2049 keynote delivered by founder and CEO Dr. Han, presenting it as a unified financial services app built around the idea of "One Gate, Everything Money." The product is designed to connect digital assets, fiat currencies, stocks, ETFs, gold, bank accounts, payments and wealth management services under a single account. According to the announcement, users can access Gate Money by updating the Gate App to version 8.39.0. The service supports management of multiple fiat and digital assets in one account, along with fiat and on-chain deposits, withdrawals and transfers. Eligible users can also upgrade to receive a same-name bank account for receiving funds and cash withdrawals. Gate said the product also extends into spending and yield features: Gate Card supports online and offline purchases using fiat or digital assets and can be linked to Apple Pay and Google Pay, while Convert handles asset swaps and Earn offers yield products. Balances in assets including USDT can earn up to 3.6% without lock-up, according to the company.

20

HSBC

2026-10-09 05:53:09

HSBC plans deep job cuts in UK wealth business, with adviser roles set to bear the brunt

HSBC is planning major job cuts in its UK wealth management business, with the reductions expected to affect about half of management and professional roles in the unit. The heaviest impact is set to fall on client-facing financial advisers, where the layoff rate is reported to be close to 70%. Staff affected by the move are expected to leave by the end of October. According to the report, the restructuring is tied to HSBC’s deeper AI partnership with Google Cloud. The bank aims to use generative AI and related tools to deliver digital products such as real-time market insights and personalized investment strategies, while lowering operating costs and extending its reach to more affluent clients. HSBC Group CEO Georges Elhedery has identified AI as a core part of the bank’s effort to simplify its structure and improve efficiency. An HSBC spokesperson said HSBC UK is continuing to refine its business and roll out more digital products and service processes to meet changing customer needs. The report also said HSBC has hundreds of relationship managers across the UK.

20

CoinShares

2026-10-07 01:19:03

CoinShares survey finds wealthy investors across seven countries hold about 10% in crypto, with most planning to add more

A new CoinShares survey shows that wealthy investors in the United States, United Kingdom, France, Germany, Italy, Sweden, and Switzerland already have meaningful exposure to digital assets, with crypto accounting for about 10% of portfolios on average. The study covered 2,230 investors with at least $500,000 in investable assets. Sweden posted a 54% crypto ownership rate, while the US, UK, Germany, and Switzerland were each around 70%. Among investors who already own digital assets, at least 85% in five of the seven countries said they plan to increase their holdings in 2026. The figure reached 91% in the US, UK, and Germany. CoinShares also said the market decline in February did not materially weaken interest. Across the seven markets, more respondents said the sell-off increased their willingness to invest than said it reduced it. The survey found that long-term appreciation and diversification remain the main reasons for investing in crypto. Only 6% primarily identified themselves as short-term traders. Bitcoin remained the most widely held digital asset, with an average of 80% of crypto investors holding BTC. The report also found that 77% believe BTC will play an important role in the future global financial system, while 79% support stronger regulation of digital asset markets.

20

CoinShares

2026-10-07 01:20:04

CoinShares survey finds most wealthy investors across seven countries already hold crypto

A new CoinShares survey found that most wealthy investors in the United States, United Kingdom, France, Germany, Italy, Sweden and Switzerland already own crypto assets, with digital assets making up about 10% of their portfolios on average. The study covered 2,230 investors with at least $500,000 in investable assets. Sweden posted a 54% crypto ownership rate, while the U.S., U.K., Germany and Switzerland were each around 70%. Among investors who already hold digital assets, at least 85% in five of the seven countries said they plan to increase their allocations in 2026, with that figure reaching 91% in the U.S., U.K. and Germany. CoinShares also said the crypto market decline in February did not materially weaken interest. Across the seven markets, more respondents said the sell-off increased their willingness to invest than said it reduced it. Bitcoin remained the most widely held digital asset, owned by 80% of crypto investors on average, while 77% said BTC will play an important role in the future global financial system. The survey also found that 79% support stronger digital asset market regulation.

20

CoinShares

2026-10-06 17:30:18

CoinShares survey finds affluent investors across seven countries are raising crypto allocations

A new CoinShares survey suggests crypto has become a standard portfolio component for many affluent investors across seven major economies. The study covered 2,230 investors in the United States, United Kingdom, France, Germany, Italy, Sweden and Switzerland, each with at least $500,000 in investable assets. It found that a majority already hold digital assets, with crypto making up about 10% of portfolios on average. Ownership ranged from 54% in Sweden to roughly 70% in the US, UK, Germany and Switzerland. In five of the seven countries, at least 85% of existing digital asset investors said they plan to increase exposure in 2026, rising to 91% in the US, UK and Germany. The February 2026 market downturn also failed to shake demand, as more respondents in every country said the sell-off made them more likely to invest than less likely. The survey showed that long-term appreciation and diversification were the main reasons for owning crypto, while speculation ranked last. Bitcoin remained the most widely held asset. The findings also pointed to a gap between investors and financial advisers, with many respondents describing advisers as too cautious on digital assets. Ric Edelman separately disputed the survey’s 10% average allocation figure, though he said recommended allocations could range from 10% to 40% depending on risk tolerance.

20