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New crypto SMA platform to launch for wealth advisors

by Janine Lindsey

Advisors now have a new option for accessing digital assets through a regulated platform offering crypto Separately Managed Accounts (SMAs). Eaglebrook Advisors, Inc., one of the largest SEC registered crypto SMA platforms, has announced a strategic partnership with institutional crypto platform Anchorage Digital.

This partnership provides advisors with access to digital assets through Anchorage Digital Bank, the only OCC-chartered digital asset bank that meets the SEC’s definition of a qualified custodian. This is crucial, especially after the recent SEC custody proposal, as RIAs need to safeguard digital assets with a qualified custodian.

Nathan McCauley, Co-Founder and CEO of Anchorage Digital, highlighted the significance of this partnership, stating, “We are proud to work with industry leaders like Eaglebrook as RIAs continue to turn to Anchorage Digital for safe, secure, and regulated crypto custody.”

The new Eaglebrook Crypto SMA Platform offers a streamlined solution for advisors to manage digital investment strategies. It includes onboarding, investment execution, trading, account management, and performance reporting through its advisor portal. Additionally, asset managers on Eaglebrook’s platform, such as Franklin Templeton, Bitwise, Global X, and ARK Invest, will be able to manage their SMA strategies on Anchorage Digital via the new crypto SMA platform.

Christopher King, founder and CEO of Eaglebrook, expressed his excitement about the partnership, stating, “Anchorage Digital is a best-in-class provider for digital asset custody, and we are excited to partner with them to serve RIAs and financial advisors. This partnership enhances our offering as we are now integrated with a market leader in institutional digital asset custody and security in Anchorage Digital.”

Overall, this partnership between Eaglebrook Advisors and Anchorage Digital provides advisors with a comprehensive solution for accessing and managing digital assets. With the regulatory certainty offered by Anchorage Digital Bank as a qualified custodian, advisors can safely and securely participate in the digital asset economy. The integration of a market leader in institutional digital asset custody and security further enhances the offering, making it an attractive option for RIAs and financial advisors.

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