ARK Investment Management is making its ARK cryptocurrency and cryptoasset strategies available as separately managed accounts on the Eaglebrook Advisors’ SMA platform, which is used by registered investment advisers.
ARK’s cryptocurrency strategy is invested primarily in bitcoin and ether, the largest cryptocurrencies by network value, ARK said in a press release Monday.
ARK’s cryptoasset strategy manages what it believes are the top 10 to 20 coins that represent opportunities relevant to major themes identified by ARK, including smart contract networks, decentralized finance, web3, and infrastructure and scaling.
“The strategies will be separately managed accounts (SMAs) designed to meet the needs of financial advisors, wealth managers, and their clients by offering direct ownership, low minimums, and portfolio reporting integration amongst other benefits,” Cathie Wood, ARK founder, chief executive officer and chief investment office, said in the statement..
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
