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..
“It’s time for an economic reset,” wrote the California governor, in a post on X.
Masterworks was launched in 2017 but its RIA, Masterworks Advisers, is just three years old.
One 2017 form, no broker license, and a $42 million gap they say surfaced on a webinar.
Fewer than half of Americans in their peak earning years feel on track for retirement, while many say limited financial knowledge and access to professional guidance are holding them back.
Meanwhile, Wells Fargo hauled advisors overseeing $825 million in the West Coast, while Wedbush has welcomed a seasoned professional from Stifel in California.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
