What You Must Know
- Dynasty has tapped the Eaglebrook Advisors SMA platform to supply its first digital belongings to advisors in its community.
- The information comes as demand for cryptocurrency continues to develop.
- Accessing Eaglebrook SMAs through Dynasty’s platform gives its RIA companions direct entry to digital belongings held in an offline custody account.
Dynasty Monetary Companions has teamed with Eaglebrook Advisors to supply Bitcoin and different digital asset funding methods to its community of impartial advisory corporations.
“That is our first providing within the crypto/digital asset area,” Nick Gerace, senior vp of investments at Dynasty, advised ThinkAdvisor.
Though it was not introduced till Tuesday, he mentioned: “The answer has been accessible for about two months, and up to now, suggestions has been optimistic. Advisors are proud of having no minimal funding dimension,” in addition to its “liquidity, ease of use” and the tax advantage of Eaglebrook’s individually managed account construction.
It was no secret that Dynasty has been all for new digital asset methods. Cryptocurrencies are “right here to remain,” Shirl Penney, Dynasty CEO, recently told ThinkAdvisor in an interview. However “what’s much more attention-grabbing and can finally be extra disruptive is blockchain know-how and its means to attach shoppers straight with one another,” he mentioned on the time.
“There’s a whole lot of middleware companies, a whole lot of industries that finally can be considerably disrupted as soon as blockchain actually turns into mainstream,” he predicted.
Dynasty is “persistently looking out for modern funding methods and options that may assist advisors meet the wants of their purchasers,” Gerace mentioned within the joint announcement with Eaglebrook.
“The demand for Bitcoin and different digital belongings solely continues to develop, and the addition of Eaglebrook’s SMAs to our community supplies advisors with an environment friendly strategy to acquire safer, personalized entry to this rising asset class,” he mentioned.