Mariner Wealth Advisors disclosed it is partnering with Eaglebrook Advisors to give its clients access to Bitcoin.
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.”
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.”
Many millionaires plan to buy Crypto before 2022
DeVere Group, a financial consulting firm discovered that 73% of poll participants are now already invested or are preparing to invest in digital assets.
As Bitcoin hits the flagship crypto trade slightly below $18,000, a significant number of millionaires have disclosed they will invest in cryptos before the end of 2022.
DeVere Group, one of the world’s most notable independent financial advisory firms, discovered that 73% of poll participants are now already invested or are preparing to invest in digital assets, such as Ethereum, Bitcoin, and XRP, before the end of 2022.
- The findings come as the price of Bitcoin rallied close to $18,000, almost close to the $19,763 all-time record reached in December 2017.
- The methodology for such research used include, interviewing over 700 of its clients who are presently based in Asia, Africa, the Middle East, United States, United Kingdom, East Asia, Latin America, Australasia.
- Those classified as millionaires in the study include ‘High net worth’ having more than £1m (or equivalent) in investable assets.
DeVere Group CEO and founder, Nigel Green, explained why the world’s millionaires are attracted to financial assets as cryptos.
“As the survey shows, this impressive performance is drawing the attention of wealthy investors who increasingly understand that digital currencies are the future of money and they don’t want to be left in the past,” he said.
Most of the high net worth individuals polled by the financial firm got triggered into planning to buy cryptos by the latest institutional buying.
“No doubt that many of these HNWs, who were polled, have seen that a major driver of the price surge is the growing interest being expressed by institutional investors, who are capitalizing on the high returns that the digital asset class is currently offering,” Green added.