Another invesment bank plans to invest on Bitcoin

[Yaunfitda]

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.html

So 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.

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[Poker Player]

Yes, we've seen a few news items of this kind lately, and I don't think they'll be the last. We are clearly in the institutional investment phase. We'll have to see what happens when the mass FOMO is added. The price can go to the moon.

[HabBear]

The crypto-focused investment firm is a clever angle for the traditional Wall St investment crowd...which is, um, filthy rich (as a sector, not as individuals).

The brilliant part for this firm is that each of these "accredited investors" could buy crypto currency as easy as funding a Coinbase account and not be forced to pay a 1-2% fee annually on the account or hundreds to thousands per transaction. But, these people will pay for not having to learn about what crypto is and how to watch the trends and how to get a wallet.

The brilliant part for us is that this is opening up real access, a real link between the billions on Wall St and the blockchain, which is what directly drives serious price growth....real, sustained price growth.

The future looks exciting.

[Walterhank]

Yep from big organizations to insurance companies. Everyone is now keen on investing in Bitcoin. The demand is on a whole new another level.

[3meek]

I've always wondered why this kind of news appears when bitcoin prices are rising. Why didn't they offer people to buy bitcoin when it was worth 4-5-6-7-8K?
All this makes me think that the price will fall soon!

[Renampun]

I've always wondered why this kind of news appears when bitcoin prices are rising. Why didn't they offer people to buy bitcoin when it was worth 4-5-6-7-8K?
All this makes me think that the price will fall soon!

*fall & correction is a different case, whether you mean to fall down below $20k or $10k...
currently, there is no reason Bitcoin price will fall drastically because circulating is only good news but maybe in 2021 the market will correct in Q1 or Q2 2021 and go back up in Q3 or Q4 2021.

[Lorence.xD]

I've always wondered why this kind of news appears when bitcoin prices are rising. Why didn't they offer people to buy bitcoin when it was worth 4-5-6-7-8K?
All this makes me think that the price will fall soon!

That is because they think of bitcoin as hedge funds and the only real winner here are the monkey suits in the investment companies. The people that were gullible enough to trust their snake tongues that bitcoin will save them, trust me that when the prices go down, this fuckers will be the one that benefits from this the most because they will just buy the client shares and in the end they will end up with a bigger pocket money.

[kentrolla]

BTCs core investors are institutions and big whales they are the who are very clever on buying/ selling BTC, banks are not too much involved to buy BTC as it is extremely risky as others money is involved but after its massive price surge they jump to buy as much as they can so demand will increase and the price surge goes high and banks sell them when the market is high and make profit from it.

[Yaunfitda]

I've always wondered why this kind of news appears when bitcoin prices are rising. Why didn't they offer people to buy bitcoin when it was worth 4-5-6-7-8K?
All this makes me think that the price will fall soon!

Maybe there are companies who already invested when the price is still that low but didn't get any media attention. Remember that when we are in a bull run, every news counts that's why we will hear them more often in a positive sentiments to boost the price even higher. That's why crypto media says that bitcoin narrative has change because after the price hits $15k-$16k, this news comes out making bitcoin  as an hedge, besides being a speculative asset.

[bayu7adi]

This is another news that informs us that the adoption of bitcoin in the world is increasing, it can be categorized as good news because it has the potential to push the price of bitcoin even further.

All this makes me think that the price will fall soon!

That is the price, after going up there is no other choice but to go down. But with the widespread adoption of Bitcoin, this could be an excellent tool for a Bitcoin marketing strategy. The bitcoin community will get bigger and become even more famous. That way, the existence of cryptocurrency will get more attention, both from ordinary people and from investors.

[aesma]

The crypto-focused investment firm is a clever angle for the traditional Wall St investment crowd...which is, um, filthy rich (as a sector, not as individuals).

The brilliant part for this firm is that each of these "accredited investors" could buy crypto currency as easy as funding a Coinbase account and not be forced to pay a 1-2% fee annually on the account or hundreds to thousands per transaction. But, these people will pay for not having to learn about what crypto is and how to watch the trends and how to get a wallet.

The brilliant part for us is that this is opening up real access, a real link between the billions on Wall St and the blockchain, which is what directly drives serious price growth....real, sustained price growth.

The future looks exciting.

What they offer regarding accounting and taxation (optimization) is also to consider. If you're rich enough you need help doing that anyway (or spend a lot of time doing it yourself, which is not the way to enjoy life), so having an "all-in-one" financial advisor with both your traditional and crypto holdings is advantageous.

[Kemarit]

We really don't know if banks are not buying, no data are popping up and that alone makes me wonder, maybe they are secretly buying bitcoins for all we know. So it's hard to say that they are not involved, on the contrary they could have been accumulating as well like these big companies and institutions. Banks are clever, just remember Jamie Dimon's statement in 2017 creating a massive FUD pulling the price down. But when the dust settles, they are caught buying tons of bitcoin that time and obviously, making a lot of profits in the range of $300 million if I'm not mistaken.

BTCs core investors are institutions and big whales they are the who are very clever on buying/ selling BTC, banks are not too much involved to buy BTC as it is extremely risky as others money is involved but after its massive price surge they jump to buy as much as they can so demand will increase and the price surge goes high and banks sell them when the market is high and make profit from it.

[Zemomtum]

This will not be the last and they have been involved from inception. Banks are so smart that they will be part of whales driving the BTC price, they can just keep the money like that, and with all this huge gains, they will be given very little interest. Nothing like to be your own bank which blockchain has provided.

[ropyu1978]

That sounds familiar to our ears, because the more bitcoin develops the more people will invest in bitcoin, because bitcoin is now widely recognized by foreign countries, so other investment banks are increasingly confident about investing in bitcoin, bitcoin can now. it is said that the only safe and reliable crypto money

[Silberman]

Yes, we've seen a few news items of this kind lately, and I don't think they'll be the last. We are clearly in the institutional investment phase. We'll have to see what happens when the mass FOMO is added. The price can go to the moon.

It is funny because I am both eager and fearful of what will happen when we see that scenario playing out, right now the price is being supported mostly by institutional investors coming to the market, the average person is too concentrated on going out and enjoying their newfound freedom but once they realize the opportunity that bitcoin brings to their lives they are going to come to this market and when that happens the price is going to explode as there is going to be very little bitcoin available for them to buy.

[giantrobot]

I've always wondered why this kind of news appears when bitcoin prices are rising. Why didn't they offer people to buy bitcoin when it was worth 4-5-6-7-8K?
All this makes me think that the price will fall soon!

Because when Bitcoin prices increase, people will invest in Bitcoin further. The electronic money market will be active and affecting banks. When everyone accepts Bitcoin payments, the bank must also change the appropriate form of payment. That is the rule of supply _ demand in life. Therefore, a bank planning to invest in Bitcoin is natural.