Digital Asset Investment Management Review

Digital Asset Investment Management Ratings at a Glance

DAIM offers comprehensive wealth advisory and wealth management services for cryptocurrency investors, specifically those qualified for a U.S.-based investment account. Here’s a breakdown of the company’s service offerings. 

Full-Service Crypto Advisory and Digital Asset Investment Management 

Traditional advisors typically do not offer direct exposure to pure digital assets such as Bitcoin and Ethereum; instead, they rely on crypto-focused exchange-traded funds (ETFs), trust shares or crypto company stocks. The implication is that investors seeking to include pure crypto in their IRAs are left with self-directed IRA options like iTrust, Alto and Swan. And so, they lack the opportunity to receive professional guidance for managing their crypto portfolio with a long-term perspective. DAIM takes a first-of-its-kind approach to crypto advisory and digital asset management by allowing clients or investors to buy cryptocurrencies like Bitcoin and Ethereum directly in their brokerages and tax-advantaged retirement accounts, including 401(k)s and IRAs. 

DAIM's services are tailored to meet the diverse needs of crypto investors. For instance, with the managed Model Portfolio option (boasting a proven four-year track record), clients can benefit from a professionally curated investment strategy. This benefit provides peace of mind and the potential for long-term growth in the ever-evolving crypto market. DAIM's dedicated full-service advisory ensures clients receive personalized guidance and support throughout their investment journey. From trading and execution services to customized investment options via Separately Managed Accounts (Crypto SMA), DAIM empowers investors to tailor their strategies according to their unique preferences and goals. 

DAIM helps investors integrate cryptocurrencies into their long-term retirement plans by facilitating retirement account creation and administration. DAIM also offers robust research and educational resources and efficient administration, compliance and IRS filings. In essence, DAIM provides a comprehensive ecosystem to support and enhance the investment experience for cryptocurrency enthusiasts.

Crypto Retirement Investing — 401(k) and IRA

A diversified retirement plan is crucial for maximizing wealth accumulation and securing a prosperous future in retirement. By adopting a modern retirement plan, individuals can optimize their investment strategies and increase the likelihood of achieving their long-term financial goals. DAIM offers an innovative 401(k) plan that provides flexibility in investment choices. Employees can allocate their investments to mutual funds or up to 10% of their investment to pure Bitcoin, allowing for a diversified approach to retirement savings. 

By utilizing DAIM's 60/40 traditional allocation strategy, investors can construct well-diversified retirement portfolios that combine Vanguard funds and Bitcoin. This approach combines the stability of traditional stock and bond investments with the potential growth and diversification benefits of Bitcoin. By offering employees the opportunity to invest in Bitcoin via 401(k), firms can attract and retain top talent, demonstrating a forward-thinking approach and potential for long-term growth. 

DAIM offers flexibility regarding how clients can operate their retirement accounts. You can transfer or roll over any IRA or old 401(k) without charges, enjoy trading with institutional rates and much more. Besides traditional and Roth IRAs and 401(k)sk, you can also go for SEP and SIMPLE IRA or Solo 401(k)s. 

Blended Management 

DAIM's blended management enables qualified investors to combine pure cryptocurrencies with a traditionally managed equity portfolio. You can start with solely traditional assets and gradually add up crypto with time. While investing in pure cryptocurrency or broad U.S.-based stocks alone offers advantages, combining a portfolio of diversified stocks with cryptocurrencies has demonstrated superior risk-adjusted returns, making it a crucial strategy for long-term wealth accumulation. Incorporating traditional and digital assets can enhance your investment portfolio's performance and increase the potential for sustained growth over time.

Sub Advisory

DAIM deploys its fiduciary expertise in helping wealth managers to invest in cryptocurrencies or digital assets for their clients. DAIM prides itself on its sound investment advice. Thanks to its partnership with Gemini, wealth managers can seamlessly connect their firm to the proprietary platform, facilitating direct on-chain exposure for their clients. The platform offers many excellent features, including customizable fee structures, a customizable portfolio, straightforward onboarding, ultra-secure whitelisting processes and support for unlimited clients and AUMs. Benzinga rates DAIM 4 on product offerings.

DAIM offers 24/7 email and text support. The company often conducts video meetings to establish a personal connection and ensure effective communication during onboarding. At a minimum, this process takes place via a phone conversation. During business hours, you can contact the team via its dedicated customer service line to discuss important details and ask questions. This service line is available on the contact page of the website. You can also fill out the contact form on the same page. The company maintains an active presence on social media platforms, including Twitter, LinkedIn, Facebook and Instagram, which provides alternative ways to interact with the team. However, there are no reviews across independent platforms, making it hard to assess the customer service efficiency or overall service delivery. Benzinga rates DAIM a 4 on customer service.

DAIM adopts industry best practices to protect client data and prevent unauthorized access, alteration, disclosure or destruction. The company implements strict encryption protocols while exchanging personally identifiable information via Docusign, DocHub and SendSafely. Clients retain the right to data erasure, restrictions, rectification, transferability, objection and revocation. DAIM stores the client's assets in a best-in-class cold storage wallet under a licensed or qualified custodian. 

These assets are held 1:1, not factored out or commingled. Transfer of assets involves multiple authentication procedures. Furthermore, DAIM's crypto exchange partner and IRA custodian have their own KYC and AML protocols that must be followed before opening an account. These commitments to safeguarding client funds provide an added layer of confidence and peace of mind for investors using Daim's services. Benzinga rates DAIM 5 stars on security.

DAIM charges an annual fee based on the client's assets under management (AUM). The fee structure is designed to provide a cost-effective solution, with up to $99,999 at 2.5%,

$100,000 - $999,999 at 2.0% and $1,000,000+ at 1.5%.

This tiered fee system ensures clients with higher investment amounts benefit from reduced fees. You can receive a $100 reward if you refer a friend or family member to the company and they become a client. This referral program encourages clients to share their positive experiences with others and helps expand DAIM's client base while rewarding existing clients for their support. Benzinga rates DAIM 4 out of 5 on pricing.

DAIM offers a unique and distinct service that differentiates it from other crypto-related investment offerings. Unlike traditional advisors that hardly expose client assets directly to cryptocurrencies and self-directed services that lack management and guidance, DAIM bridges the gap by offering a comprehensive solution that combines investment accessibility with expert guidance and management. 

Depending on the client, the account opening process typically takes a few hours. The company uses platforms like Docusign and DocHub to send onboarding documents, and the turnaround time is dependent on how promptly the client completes the necessary forms. So you can choose when to complete your form and subsequent onboarding processes. Benzinga rates DAIM 5 out of 5 on user experience.

Digital Assets Investment Management vs. Competitors

DAIM has a few competitors, like Grayscale Investment, Bitwise Assets Management and Coinbase Asset Management, offering similar digital asset management services. DAIM's most compelling advantage over these firms is facilitating the inclusion of pure cryptocurrency or digital assets into various retirement investment accounts, enabling clients to align their crypto investments with their long-term retirement goals. 

Grayscale offers investment products called Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE), allowing investors to gain exposure to Bitcoin and Ethereum within their retirement accounts. The only route for Bitwise and Coinbase assets management is via their respective crypto index funds.

DAIM offers a unique and valuable service by providing individuals access to the professional management of their digital asset investments, which is often hard to find. Unlike traditional advisors, the company directly exposes client assets to cryptocurrencies. With its tax optimization strategies and long-term goal-oriented management expertise, the company helps clients minimize tax liabilities and align their crypto portfolios with retirement plans. DAIM prides itself on delivering excellent customer service, ensuring clients receive experienced guidance and support for their digital asset investment needs. Benzinga rates the company 4.5 overall.

Frequently Asked Questions