By David Wignall

Investing in cryptocurrencies may soon become easier for wealth advisors at Captrust Financial Advisors, a fast-expanding firm with over $1 trillion in client assets under administration.

On Thursday, EagleBrook, a firm which offers crypto investment tools for wealth managers, announced its partnership with Captrust. The deal will allow Captrust's advisors access to EagleBrook's platform -- and should pave the way for them to invest more broadly in crypto assets.

According to their website, EagleBrook's platform offers customizable separately managed accounts (SMAs) for cryptocurrencies -- a system which it says allows for superior tax optimization compared with Bitcoin exchange-traded funds.

The expansion into crypto is another strategic development for Captrust, which has been an active acquirer in recent years. Captrust offers both retirement plan services and traditional wealth advising for high-net-worth clients. It reached $1 trillion in assets under administration last July.

Cryptocurrencies are becoming increasingly popular among wealth advisors. In January 2024, the SEC authorized the listing and trading of 11 spot Bitcoin ETFs. Since then, investments in crypto assets have been surging.

A 2025 survey of advisors conducted by Bitwise, a crypto asset manager, found that 22% of respondents said they were investing in crypto, up from 11% last year. Paul Atkins, who became chairman of the SEC in April, is also a noted cryptocurrency advocate.

A representative from Captrust confirmed the partnership with EagleBrook but declined to comment. Captrust is ranked the No. 6 "Mega RIA" on Barron's Top 100 RIA firms for 2024.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

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June 26, 2025 17:01 ET (21:01 GMT)

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