USA Financial Launches New Digital Platform
USA Financial has launched two new programs to assist financial advisors looking to advance in their careers—a blog and an app, known together as Advisor Advancement.
The blog was started by industry professionals to serve as a news resource and practice development training tool. USA Financial says the blog will feature “a variety of media that covers industry topics, including practice management, marketing, compliance, business development and myriad other things that financial advisors may want to hear, rant or lament about.”
Advisors can access the blog’s material through www.advisoradvancement.com, its mobile app (downloadable in the Apple Store or the Google Play store) or on its Facebook and YouTube pages.
Cryptocurrency Fund For Institutional Investors
Morgan Creek Digital has launched a new digital fund for endowments, foundations, pensions, wealthy families and sovereign wealth funds looking for exposure to digital assets.
The firm, backed by investment advisor Morgan Creek Capital Management, has partnered with Bitwise Asset Management, a provider of cryptocurrency indexes and index funds. The two have launched the Digital Asset Index Fund to meet rising demand for digital assets.
The fund holds the top 10 largest digital assets, including cryptocurrencies and tokens, and these are reconstituted monthly. The assets are said to undergo “rigorous, rules-based eligibility requirements, including custody qualifications, trade concentration limits and pre-mine restrictions, to qualify for inclusion.” Assets are stored offline to reduce threats from hacking, and they are audited annually.
The new digital fund fuses Bitwise’s index rules and fund management expertise with oversight by Mark Yusko, Morgan Creek’s CIO; Anthony Pompliano, a Morgan Creek Digital partner; and Matt Hougan, the global head of research at Bitwise.