WEALTHTRACK Jamie Hopkins Reveals a Major Overlooked Risk in Financial Planning
Aug 29, 2025
Jamie Hopkins, an award-winning certified financial planner and Chief Wealth Officer at WSFS, sheds light on the significant risks of digital asset management in retirement planning. He highlights that digital assets can average around $190,000 for Americans and discusses how improper management can lead to substantial risks, including digital theft. Hopkins also emphasizes the importance of integrating these assets into estate planning and shares strategies for enhancing security and preventing identity theft, while tackling recent tax legislation changes that could impact retirement savings.
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Digital Assets Are A Big Overlooked Risk
- Digital assets are a major overlooked risk because people lack tracking and security.
- Jamie Hopkins says digital theft is the fastest-growing fraud area and aging amplifies the risk.
Business Accounts Drive Most Digital Value
- Business accounts and websites drive most perceived digital value for many owners.
- Hopkins found business owners often value digital holdings far above average due to leads and delivery being digital.
Photos Have High Sentimental Cost
- Photos carry high sentimental value and are hardest to recover once lost.
- Hopkins notes people would pay varying amounts to recover family photos, which inflates total digital value.
