Mariner Wealth Advisors, a leading regulated investment advisory (RIA), with over $35 billion assets, disclosed it is partnering with Eaglebrook Advisors to give its clients access to Bitcoin.
The crypto-focused investment firm Eaglebrook revealed Mariner Wealth was partnering with its BTC separately managed account (SMA) in allowing financial advisors to allocate Bitcoin on behalf of clients who want to include the king coin in their investment strategies.
The report elaborated more on their new synergy, “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.”
What this means
Notable hedge funds are increasing investments in cryptos, amid exponential returns seen and have high net worth individuals who are prepared to pay a premium to buy and hold cryptos through the security of a regulated fund.
Also, a leading hedge fund SkyBridge Capital, which manages $7.7 billion in assets, via its recent SEC filing has disclosed plans of investing in crypto in the future.
“Investment Funds may invest in digital assets without restriction as to market capitalization or technological features or attributes (including lesser-known or novel digital assets known as “altcoins”), and may invest in initial coin offerings, which have historically been subject to fraud.”