Mariner Wealth Advisors, a leading regulated investment advisory service (RIA) with over $ 35 billion in assets, revealed that it is partnering with Eaglebrook Advisors to give its clients access to Bitcoin.
Crypto-focused investment firm Eaglebrook revealed that Mariner Wealth was partnering with its separately managed account (SMA) BTC to allow financial advisors to allocate Bitcoin on behalf of clients who wish to include real money in their investment strategies.
The report deepened their new synergy, “We are thrilled to offer this new solution to Mariner Wealth Advisors’ clients, 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 customer needs and we look forward to working with Eaglebrook on this new venture.”
The demand for bitcoin by financial advisors and their clients has accelerated due to current trends, including the growth in investment demand from millennials and institutional investors, the potential for bitcoin as a hedge against inflation in response to monetary stimulus and the asymmetric increase in 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 specific needs of companies like Mariner Wealth Advisors, makes it easy for their advisors to allocate in bitcoins. We expect cryptocurrency adoption to continue and the market to mature, driving even greater demand.” .
What does it mean
Notable hedge funds are increasing investments in cryptocurrencies, amid exponential returns seen, and have high net worth individuals who are ready to pay a premium to buy and hold cryptocurrencies through the safety of a regulated fund.
Additionally, a major hedge fund SkyBridge Capital, which manages $ 7.7 billion in assets, through its recent filing with the SEC has revealed cryptocurrency investment plans in the future.
“Investment funds can invest in digital assets with no market capitalization limitations or technological features or attributes (including lesser known or new digital assets known as” altcoins “) and can invest in initial coin offerings, which have historically been subject to fraud. “