Advisors seeking access to digital assets via a regulated platform offering crypto SMAs now have a new option.
A strategic partnership between Eaglebrook Advisors, Inc., one of the largest SEC registered crypto separately managed account platforms, and institutional crypto platform Anchorage Digital has been announced.
It offers access for advisors to digital assets thanks to Anchorage Digital Bank’s position as the only OCC-chartered digital asset bank, which meets the SEC’s definition of a qualified custodian.
“After the recent SEC custody proposal, it is more important than ever for RIAs to safeguard digital assets with a qualified custodian. As a qualified custodian, Anchorage Digital Bank provides the regulatory certainty SEC-registered investment advisers need to safely and securely participate in the digital asset economy. We are proud to work with industry leaders like Eaglebrook as RIAs continue to turn to Anchorage Digital for safe, secure, and regulated crypto custody,” said Nathan McCauley, Co-Founder and CEO of Anchorage Digital.
The new Eaglebrook Crypto SMA Platform provides a streamlined solution for advisors to manage digital investment strategies. The firm also offers onboarding, investment execution, trading, account management, and performance reporting to third party platforms through its advisor portal.
And asset managers on Eaglebrook’s platform including Franklin Templeton, Bitwise, Global X, and ARK Invest will be able to manage their SMA strategies on Anchorage Digital via the new crypto SMA platform.
"Anchorage Digital is a best-in-class provider for digital asset custody, and we are excited to partner with them to serve RIAs and financial advisors,” said Christopher King, founder and CEO of Eaglebrook. “This partnership enhances our offering as we are now integrated with a market leader in institutional digital asset custody and security in Anchorage Digital.”
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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