Eaglebrook Advisors Announces that Mariner Wealth Advisors is Making the Eaglebrook Bitcoin SMA Available to Clients
WASHINGTON, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Eaglebrook Advisors, Inc (“Eaglebrook”) announced today that Mariner Wealth Advisors will make the Eaglebrook Bitcoin SMA available for clients who want access to bitcoin as part of their investment plan. Mariner Wealth Advisors is a national wealth advisory firm, with more than $35 billion assets under advisement1, that has been ranked in the top five RIAs by Barron’s for the last five years2.
Based in Washington, D.C., Eaglebrook is a crypto-focused investment firm that serves registered investment advisors (RIAs) and financial advisors. Eaglebrook is proud to announce the launch of the Eaglebrook Bitcoin SMA which will allow financial advisors to allocate to bitcoin in a simple and secure way3. The advantages of the Eaglebrook Bitcoin SMA include tax optimization, direct ownership, and portfolio integration. Eaglebrook streamlines client onboarding, movement of funds, trade execution, reporting data aggregation, rebalancing, and tax documentation. This investment solution allows financial advisors to include bitcoin in their clients’ asset allocation strategy and overall financial plan.
“We are excited to offer this new solution to clients of Mariner Wealth Advisors where bitcoin fits into their overall wealth plan,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “Our desire to find new solutions is always driven by client need and we are looking forward to working with Eaglebrook on this new endeavor.”
Demand for bitcoin from financial advisors and their clients has accelerated due to current trends, including the growth in investment demand from millennials and institutional investors, bitcoin’s potential as an inflation hedge in response to monetary stimulus and the asymmetric upside of the investment.
“We are thrilled to be working with Mariner Wealth Advisors,” said Christopher King, CEO of Eaglebrook Advisors. “Our investment solution, designed to meet the unique needs of firms such as Mariner Wealth Advisors, makes it easy for their advisors to allocate to bitcoin. We expect cryptocurrency adoption to continue and the market to mature, driving even greater demand.”
Eaglebrook has selected Gemini Trust Company, LLC (“Gemini”) as the qualified custodian for the Eaglebrook Bitcoin SMA. The client’s bitcoin is owned directly and is stored in an offline, institutional-grade custody account at Gemini.
"We are very pleased to have been selected as Eaglebrook's custodian to help them provide RIAs a secure way to store their digital assets. These types of solutions are critical to provide more financial advisors exposure to digital assets," said Noah Perlman, Chief Operating Officer at Gemini.
https://www.globenewswire.com/news-release/2020/11/17/2128376/0/en/Eaglebrook-Advisors-Announces-that-Mariner-Wealth-Advisors-is-Making-the-Eaglebrook-Bitcoin-SMA-Available-to-Clients.htmlSo as per their website:
Bitcoin Investment Solutions for Financial Advisors
Eaglebrook Advisors is a crypto-focused investment firm that provides financial advisors with simple, secure and compliant access to bitcoin through the Eaglebrook Bitcoin SMA
https://eaglebrookadvisors.com/And they had partnered with Mariner Wealth Advisors, so their clients now have the ability to allocate their wealth into
BTC. So demand is really accelerating for bitcoin, from financial advisors in behalf of their clients. And as we nearing $20k, I think this news could up add to that push, and even a new all time high.