Eaglebrook Advisors

Eaglebrook Advisors runs a separately managed account platform that lets financial advisors and wealth management firms hold bitcoin and other digital assets directly in client accounts. The firm is itself an SEC-registered investment adviser. In April 2022 it said it served more than 60 RIAs and 500 advisors in the United States.

Advisors can use Eaglebrook's own custom digital-asset SMAs or allocate to third-party managers' actively managed strategies on the platform. The platform connects to the portfolio management and reporting systems RIAs already use, so advisors can model, onboard, bill and report on crypto holdings alongside other assets. Eaglebrook also runs tax-loss harvesting for end clients and sends performance data to outside platforms. Its Eaglebrook IQ program offers digital-asset training for advisors and their clients, and in late 2022 it added course modules produced with the Digital Assets Council of Financial Professionals.

Client assets are held offline in custody accounts at Gemini Trust Company, a qualified custodian. A 2021 integration with SS&C Advent's Custodial Data network made Eaglebrook SMA data available in Black Diamond, Axys and APX. The company was founded in 2019 and raised a $20 million Series A in January 2022, with Castle Island Ventures and Brewer Lane Ventures as lead investors, followed by a strategic investment from Franklin Templeton that April.