HOUSTON--(BUSINESS WIRE)--TB Sunridge Advisors LLC, a Texas-based asset management firm, announced today that it has obtained an important regulatory milestone for digital assets in the state of Texas. TB Sunridge Advisors believes that it is one the first investment advisory firms in Texas to obtain approval as an RIA and formally incorporate, as part of its application with the Texas State Securities Board, management of both digital assets and traditional securities into its service offerings.
“We recognized that integrating digital asset management into our traditional platform would give our customers the potential for a greater return on investment through diversification of their current portfolios,” said Matthew Tunney, CEO of TB Sunridge Advisors. “Digital assets open up a new and exciting option for high net worth individuals and also for existing investment advisors to extend to their customers.”
To be registered, TB Sunridge Advisors had to obtain various regulatory licenses, including filing numerous documents with the state securities board. By doing so, TB Sunridge Advisors aims to create a paradigm-shifting framework for digital asset management in Texas, providing an additional avenue for Texans to invest.
Traditional assets include stocks, bonds, and more recently commodities, while digital assets cover an array of blockchain technologies, best described as records or “blocks” of digital information stored in a “chain, or “public database.” The most commonly known forms of blockchain technologies are Bitcoin and Ethereum. They are designed to work as a medium of exchange, using cryptography to secure data transactions and verify the transfer of assets.
Digital assets are a new and developing investment class, and according to Tunney, diversification through an allocation of digital assets may provide long-term growth with an asymmetric reward profile, while the team's existing portfolio management expertise is utilized to enhance and protect traditional portfolios. Bitcoin, as an example, has garnered continued attention over the last several years due to its price movement and adoption in various use cases as a currency.
TB Sunridge Advisors’ platform operates as a discretionary investment advisor. Flexibility and suitability are monitored to optimize returns for investment goals. Liquidity can generally be similar to traditional security investment platforms and continues to increase with adoption.
“Digital assets are in their infancy, and their long-term growth is potentially substantial,” said Tunney. With professional, experienced risk management to guide investment, overall returns may be enhanced significantly with strategic exposure to this space.”
About TB Sunridge Advisors
TB Sunridge Advisors is a Texas-based asset management firm that employs a traditional framework approach to portfolio allocation that now includes Digital Asset investment. The firm was founded in 2018 and is one of the first Registered Investment Advisors to incorporate Digital Assets. Striving to be pioneers in Digital Asset Management, TB Sunridge Advisors operates with the belief that integrity, accountability, and transparency are imperative in our firm's ethos to offer ethical financial leadership.
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