BitGo’s acquisition of HeightZero brings new class of digital assets to RIAs and broker-dealers

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.