Independent managed account provider Eaglebrook Advisors has announced a partnership with Ark Invest to develop the ARK Cryptocurrency Strategy and the ARK Crypto Asset Strategy.

Cathie Wood’s investment firm ARK Investment is launching its first crypto Separately Managed Account (SMA) for registered investment advisers (RIAs).

SMAs are portfolios created by financial advisors or investment firms for individual investors, and the partnership will allow ARK to expand its services beyond exchange-traded funds (ETFs).

Cathie Wood, Founder, CEO and Chief Investment Officer of ARK said:

“Through our partnership with Eaglebrook, we are now able to offer actively managed crypto strategies to the wealth management industry. The strategies will be Separately Managed Accounts (SMAs) designed to meet the needs of financial advisors, wealth managers and their clients. clients by offering direct ownership, low minimums, and portfolio reporting integration, among other benefits.

Advisors can differentiate themselves and add to a client’s diversification by adding this new asset class to their portfolios. Our partnership combines Eaglebrook’s best-in-class technology-driven investment platform with ARK’s established digital asset expertise to deliver a differentiated, turnkey investment solution.”

The partnership will see both crypto strategies actively managed by Cathie Wood’s Ark Invest available to clients of registered investment advisers as separate managed accounts.

ARK and Eaglebrook are jointly developing the ARK Crypto Strategy and the ARK Crypto Asset Strategy, where the Crypto Strategy invests primarily in Bitcoin and Etherealand Ark’s crypto asset strategy is designed to invest in smart contract networks, DeFi and Web3, infrastructure, and the top 10 to 20 scaling-related coins.

“It’s a game changer for the industry and another sign of widespread adoption,” said Roddy Chisholm, chief operating officer of Eaglebrook Advisors.

Earlier in September, Cathie Wood-owned Ark Investment Management LLC expanded its research arm as it looks for deeper development in various fields, including blockchain and AI.

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