Eaglebrook Advisors Receives Additional Series A Funding from Franklin Templeton


Crypto has made a massive impact in recent years, so it should come as no surprise that it is becoming an option for serious investors. However, the volatile market requires the right know-how and tools. Eaglebrook’s separately managed accounts (SMA) platform offers financial advisors a way to invest in digital assets securely. Read on for more information about how Eaglebrook plans to expand with the additional Series A funding.

MIAMI, April 6, 2022 / PRNewswire / – Eaglebrook Advisors, Inc. (“Eaglebrook”), the largest crypto separately managed account (“SMA”) platform, announced today the closing of a strategic investment from Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton. This investment by Franklin Templeton is in addition to the total $ 22M capital raised before this, which also includes the $ 20M Series A funding round announced earlier this year, led by Castle Island Ventures and Brewer Lane Ventures, along with additional investors in the round .

The financing will enable Eaglebrook to accelerate technology and product development to serve financial advisors and the wealth management industry in response to market demand, as well as continue to provide best in class service for its fast-growing digital asset SMA platform.

“We are thrilled to partner with Franklin Templeton to bring digital asset SMAs to the advisor channel and believe this will help accelerate the adoption of digital asset SMAs and Eaglebrook’s platform as a solution for financial advisors investing in the digital asset market,” said Christopher King. , CEO and Founder of Eaglebrook Advisors. “This partnership signals that the acceleration and adoption of digital assets among the broader wealth management industry uniquely positions Eaglebrook as the partner of choice for wealth management firms and their clients.”

Eaglebrook’s SMA platform allows financial advisors to seamlessly allocate to professionally managed digital asset investment strategies. Digital assets held in Eaglebrook’s SMAs are secured in an offline, institutional-grade custody account at Gemini Trust Company, a qualified custodian. Eaglebrook’s digital asset SMA platform is fully integrated with the major portfolio management and reporting systems used by RIAs and independent advisors. The firm’s solution allows advisors to model, onboard, bill, and advise on their clients’ bitcoin and digital asset holdings within a secure, unified technology ecosystem. Eaglebrook also provides advisor training and education on digital assets, performance reporting to third-party platforms, and executes tax-loss harvesting for end investor clients.

“We are excited about this partnership and our shared vision for the future of advised solutions in the digital asset class,” said Roger Paradiso, Head of Product Solutions at Franklin Templeton. “We look forward to bringing these innovative solutions to our partner firms, advisors and clients.”

Since the company was founded in 2019, Eaglebrook’s digital asset SMA platform has grown to serve more than 60 RIAs and 500 financial advisors across the United States. Key partnerships include Mariner Wealth Advisors, Dynasty Financial Partners, and Halbert Hargrove Global Advisors, among others.

The original article can be found on PR Newswire.



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