ICYMI: One River teams up with Coinbase to offer crypto accounts for investment advisors
The platform will allow financial and wealth advisors to offer clients exposure to crypto in their own segregated accounts.One River—the crypto investment firm backed by Alan Howard—is teaming up with Coinbase to offer a platform that would allow wealth managers to offer crypto exposure to their clients.
As per a press release shared Friday, One River will offer wealth managers access to One Digital SMA. An SMA allows a wealth manager to offer strategies from an outside investment firm through individual client accounts. The idea is to make it easier for registered investment advisors to offer crypto exposure to their clients in the same way they offer exposure in bonds, stocks, and mutual funds via a portfolio.
"The ability to offer Separately Managed Accounts' through RIA channels is a critical way for a broader cross-section of the investing public to gain exposure to crypto investing," commented Greg Tusar, head of institutional products at Coinbase. Coinbase's institutional unit powers the new platform.
Wealth and financial advisors are becoming increasingly interested in the digital asset space, with the number of financial advisors allocating to crypto in client portfolios increasing from 6.3% in 2020 to 9.4% last year, according to Bitwise. "Registered investment advisors and private wealth platforms have been asking for best-in-class digital market access, research perspectives, and investment opportunities," One River noted in a press release.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
NBC News Exclusive: One-on-one with President BidenIn an exclusive, wide-ranging interview with NBC News’ Lester Holt, President Joe Biden discusses the growing number of states rolling back mask requirements, the tense standoff with Russia over Ukraine, skyrocketing inflation, where he is in his search for a Supreme Court nominee and more.
Consulte Mais informação »
One Dead, One Injured In Fullerton Double-ShootingThe suspect wanted in a Fullerton double-shooting is still outstanding, as police investigate the scene where they found one man dead Thursday. A second person was taken to a hospital for treatment.
Consulte Mais informação »
One home for every 3,500 middle-class buyers in one Bay Area cityA 'double trouble' is brewing in the housing market.
Consulte Mais informação »
One Dead, One Injured In Collision Between Vehicle, MotorcycleOne person was killed and another injured in a collision between a motorcycle and a vehicle in the Vermont Square area on Wednesday.
Consulte Mais informação »
Sprawling Restaurant at Penn's Landing to Be One of Philly's BiggestFCM Hospitality is opening a sprawling 28,000-square-foot waterfront restaurant that looks to play off the burgeoning development slated to take place along the Delaware River in coming years, the Philadelphia Business Journal reports.
Consulte Mais informação »