According to a press release, Eaglebrook Advisors, a provider of separately managed accounts and Ark Invest, a disruptive innovation investment business, announced a collaboration on October 3, to make investing in crypto strategies more approachable.
The collaboration will allow customers to access two cryptocurrency strategies that are actively managed by Cathie Wood’s Ark Invest as separate managed accounts.
Roddy Chisholm, chief operating officer of Eaglebrook Advisors on this collaboration said, “We are thrilled to deliver Cathie and the ARK team’s digital asset portfolios in an effective manner [SMAs] to everyday investors through our platform, which is specifically designed for the wealth management channel.”
“This is a game-changer for the sector and another indication of widespread adoption.”
Ark Invest exposes investors to disruptive innovation, via a variety of ETFs (exchange-traded funds).
Cathie Wood, a portfolio manager, is in charge of the company. Its flagship fund, the ARK Innovation ETF, has $7.9 billion in assets under management at the moment but down by 55.72% so far this year.
The fund’s assets peaked during the most recent bull market by almost $28 billion.
Two crypto strategies given by Ark Invest
Eaglebrook-using registered financial advisors’ clients will have access to two crypto strategies via Ark.
The first is the “cryptoasset strategy,” which will invest in the top 10 to 20 coins that stand for the financial and digital revolutions and will be actively managed.
The “cryptocurrency strategy,” is the second strategy, consists of an actively managed, high-conviction portfolio that primarily invests in BTC and ETH.
According to Wood’s statement in the press release, “the strategies would be separately managed accounts (SMAs) that are intended to fulfil the objectives of financial advisors, wealth managers, and their clients by giving direct ownership, minimal minimums, and portfolio reporting integration, among other features.”
“By including this new asset class in their portfolios, advisors can stand out from the competition and improve a client’s level of diversification.”
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