Giving RIAs and broker-dealers a seamless, safe and regulatory compliant access to crypto
Managing digital assets should be simple. As a manager of funds for your clients you have a clear mandate, to navigate the markets, and produce returns for those that have entrusted you to do so. Finding your path through the markets and developing your unique investment thesis is your journey, but managing the digital assets under your care securely is where BitGo lends a hand. BitGo recently acquired HeightZero, a best-in-class, turnkey digital asset management platform (TAMP) serving registered investment advisors (RIAs), SMAs, broker-dealers, and wealth managers. The acquisition enables wealth managers to meet the demands of clients who are increasingly interested in allocating funds to Bitcoin, Ethereum, Solana, Tether and other coins as an alternative asset class. In fact, over half (59%1) of investors are interested in allocating funds to Bitcoin products, up from 36%1 in 2019. They can also swiftly control the flow of trades and assets under their care and process order types, such as market, limit and TWAP, and interfaces to grant managers authority over the holdings they manage. BitGo Platform for Wealth Management provides easy access to digital assets coupled with dedicated commitment to compliance, security, and qualified custody.
Seamless integrations with turnkey digital asset experience
The Platform for Wealth Management can be integrated with traditional portfolio management systems like Orion, InvestCloud, and others for seamless integration of digital assets into advisors’ current portfolios. It provides a turnkey experience that allows organizations to customize layouts, add custom indexes, rebalance their books, and automate reporting to enable smooth integration of digital assets into any portfolio.The platform brings RIAs new opportunities for assets under management growth while addressing management challenges. Key is the opportunity for RIAs to offer digital assets in their management offering, opening up opportunities to expand AUM with current clients and bring in net new investors who are interested in digital assets. RIAs keep control of their clients and stay in control with tiered user access so people have only the access they need. Direct billing clients from within the platform removes the headache of manually collecting management fees — the platform represents yet another way in which BitGo provides crucial technology for clients.
Qualified custody included
BitGo Platform for Wealth Management clients can leverage solutions offered by BitGo’s various companies including custody within a regulated, bankruptcy remote Trust and BitGo Prime where users can get the access they need to buy, hold, and manage digital assets. An advisor can be up and running in as little as one week with all of their clients.“We’re excited to see a custodian with the history of safety and security BitGo displays provide an offering for the RIA and wealth management industry,” said Adam Blumberg, CFP ®, the co-founder of Interaxis and Planner DAO. “Coupled with education, the BitGo platform for Wealth Management gives financial advisors the confidence to provide digital asset management to clients, moving crypto from a speculative asset class to investible allocation in a portfolio.”To learn more about BitGo’s Wealth Management solution, connect with us here.
About BitGo
BitGo is the leader in custody and security solutions. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets and established BitGo New York Trust in 2021. In 2022, BitGo launched institutional-grade DeFi, NFT and web3 services. BitGo also offers market leading trading, lending, and borrowing services and supports over 700 digital assets on its platform. BitGo provides the security and operational backbone for more than 1500 institutional clients in 50 countries, including many of the world’s top cryptocurrency exchanges and platforms. For more information, please visit www.bitgo.com.©2023 BitGo Inc. (collectively with its affiliates and subsidiaries, “BitGo”). All rights reserved. BitGo Trust Company, Inc., BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. BitGo is not directing this information to any person in any jurisdiction where the publication or availability of the information is prohibited, by reason of that person’s citizenship, residence or otherwise. See here for more insurance information.
