Eaglebrook, a crypto investment platform focused on RIAs, is giving more advisors an option to help clients get exposure to the digital currency world under a new partnership with with Geneos Wealth Management. Eaglebrook will be offering its crypto separately managed account capabilities through the Colorado-based independent wealth firm’s RIA platform, which currently oversees assets exceeding $10 billion.
The crypto asset firm’s tax-optimized bitcoin and Ethereum SMAs are now available to Geneos advisors, alongside other custom SMAs and strategies managed by external investment managers.
This collaboration emerges as the infrastructure underpinning digital assets attains unprecedented strength, presenting reduced risks and increased benefits for early adopters.
The two firms are billing the new integration as a win for Geneos’s advisors as they can provide clients with direct ownership of digital assets under institutional-grade security measures, as well as automate tax-loss harvesting and construct more diversified portfolios.
The partnership will see Eaglebrook’s digital asset strategies assimilated with Geneos' current portfolio management systems to facilitate smoother operations, including client onboarding, trade execution, and portfolio rebalancing.
As modern investors’ preferences evolve to include alternative assets, the two firms are also striving to demystify crypto assets for clients and advisors by providing digital asset education.
“Geneos prides itself on providing advisors with the resources they require to excel in their roles and to deliver exceptional value to their clients,” Dean Rager, chief operating officer at Geneos, said in a statement. “This partnership with Eaglebrook reflects our commitment to providing innovative solutions that seamlessly integrate into our clients' wealth management strategies.”
Echoing that sentiment, Chris King, founder and CEO of Eaglebrook, emphasized that the partnership “highlights the [advisor] opportunity for digital assets now and in the future.”
Boasting a network of over 700 financial advisors and managing $210 million in assets, Eaglebrook has established itself as a leading provider of crypto strategies over the past few years with key partnerships, including a 2022 deal to have ARK’s crypto asset strategies on its SMA platform.
In October, Eaglebrook forged a collaboration with institutional crypto platform Anchorage Digital to give advisors access to digital assets through Anchorage Digital Bank, the only federally chartered digital asset bank.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
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.
