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..
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.
Wealth tech veteran Aaron Klein speaks out against the "misery" of client meetings, why advisors' communication skills don't always help, and AI's potential to make bad meetings "100 times better."
The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.
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.
