According to an announcement, Eaglebrook Advisors, a cryptocurrency-focused technology provider that serves RIAs by providing separately managed accounts for clients holding bitcoin and ether, has roped in Roderick Chisholm and business development to lead the firm’s investment platform. and hired Bilal Little to oversee the development strategy. Chisholm left his role as head of investment execution within Goldman Sachs Asset Management, while Little joined Eaglebrook from BlackRock.
The firm’s founder and CEO Christopher King said the new appointments would “completely complement” Eaglebrook’s existing leadership. According to King, Chisholm will leverage his experience at Goldman Sachs to help lock in new RIA and institutional client deals and strategic partnerships. Chisholm will also provide new insights into Eaglebrook’s research and investment strategies.
Little has over 15 years of experience in digital asset investment and management. He called the crypto space “the most exciting and progressive aspect of asset management” and indicated that Eaglebrook’s focus on digital assets draws him to the firm.
“Eaglebrook is really killing its progress,” said Rick Edelman, founder of the Digital Assets Council of Financial Professionals and an investor in Crypto Custodian Choice, a partner at Fidelity Digital Assets at Fidelity Investments.
The growing demand for digital asset infrastructure from consultants is fueling the firm’s expansion, he added. ,The fact that two rising Wall Street executives have decided to leave the traditional financial services industry speaks volumes about both Eaglebrook and crypto’s growing wealth creation potential.
Earlier this year, Eaglebrook secured $20 million in a Series A funding round led by Castle Island Ventures and Brewer Lane Ventures. The new capital, which brought the number of external funding to $22 million, is for technical and product improvements.
The new hires at Eaglebrook, which has more than 500 advisors using the platform and more than $100 million in assets under management, also come as competitor Onramp Invest is forced to leave its employees following a sudden change in leadership at the firm. Had to cut it. Onramp also lags behind Eaglebrook in the interest of investors. Onramp has just $7 million in external funding announced to date.
Meanwhile, Eaglebrook has working agreements with firms such as Dynasty Financial Partners, Mariner Wealth Advisors and Helbert Hargrove Global Advisors. Dynasty alone has over $60 billion in assets on its platform and over $30 billion on its turnkey asset management platform. It was filed to be made public in January.
Hiring will continue at Eaglebrook as the year progresses. The firm is currently advertising openings for engineering and administrative roles as well as full-time Chief Compliance Officer.