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Dynasty Launches First Crypto Options for Its Advisors

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What You Need to Know

  • Dynasty has tapped the Eaglebrook Advisors SMA platform to offer its first digital assets to advisors in its network.
  • The news comes as demand for cryptocurrency continues to grow.
  • Accessing Eaglebrook SMAs via Dynasty’s platform offers its RIA partners direct access to digital assets held in an offline custody account.

Dynasty Financial Partners has teamed with Eaglebrook Advisors to offer Bitcoin and other digital asset investment strategies to its network of independent advisory firms.

“This is our first offering in the crypto/digital asset space,” Nick Gerace, senior vice president of investments at Dynasty, told ThinkAdvisor.

Although it was not announced until Tuesday, he said: “The solution has been available for about two months, and so far, feedback has been positive. Advisors are happy with having no minimum investment size,” as well as its “liquidity, ease of use” and the tax benefit of Eaglebrook’s separately managed account structure.

It was no secret that Dynasty has been interested in new digital asset strategies. Cryptocurrencies are “here to stay,” Shirl Penney, Dynasty CEO, recently told ThinkAdvisor in an interview. But “what’s even more interesting and will ultimately be more disruptive is blockchain technology and its ability to connect consumers directly with each other,” he said at the time.

“There’s a lot of middleware businesses, a lot of industries that ultimately will be significantly disrupted once blockchain really becomes mainstream,” he predicted.

Dynasty is “consistently on the lookout for leading-edge investment strategies and solutions that can help advisors meet the needs of their clients,” Gerace said in the joint announcement with Eaglebrook.

“The demand for Bitcoin and other digital assets only continues to grow, and the addition of Eaglebrook’s SMAs to our network provides advisors with an efficient way to obtain safer, customized access to this emerging asset class,” he said.

Asked if Dynasty planned to offer digital assets through other partners, Gerace said only: “At Dynasty, we are always evaluating solutions for our network. However, we are very happy with our partnership with Eaglebrook.”

Eaglebrook is an early provider of a secure and compliant SMA platform that specializes in Bitcoin and other digital assets and was specifically tailored for RIAs, it and Dynasty said in a joint announcement on Tuesday.

Benefits of Eaglebrook’s SMA platform include its “seamless client onboarding, daily liquidity, and tax optimization,” the companies said. The platform is also fully integrated with the major portfolio management and reporting systems that serve RIAs and independent advisors. This enables advisors to model, bill and advise on their clients’ digital asset holdings within a secure, unified technology ecosystem, they added.

Accessing Eaglebrook SMAs via Dynasty’s platform offers its RIA partners direct access to Bitcoin and other digital assets that are held in an offline, institutional-grade custody account at a qualified custodian, the companies said.

Dynasty has $60 billion in assets on its core services platform and almost $30 billion on its turnkey asset management program, it said.

(Shirl Penney, CEO of Dynasty Financial Partners_


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