Overview

Brooklyn provides a platform that connects traditional financial advisors with digital wealth management, offering customized portfolios that include both crypto and equity investments. Their main product is Separately Managed Accounts (SMAs), which are tailored to meet the specific needs of clients. The platform features an automated tax loss harvesting service that identifies opportunities to sell investments at a loss to enhance after-tax returns. Brooklyn stands out from competitors by emphasizing professional risk management, guided by a Chief Investment Officer with extensive experience in investment management. The company's goal is to enhance the investment experience for financial advisors and their clients by providing advanced tools and services that improve returns and manage risk effectively.

Simplify's Take

What believers are saying

• Brooklyn can leverage the rise of DeFi to expand its crypto portfolio offerings.
• The platform's AI-driven personalized solutions meet the rising demand for tailored financial advice.
• Increased interest in ESG investing presents an opportunity for Brooklyn to offer ESG-focused SMAs.

What critics are saying

• Increased competition from fintech startups could dilute Brooklyn's market share.
• Volatility in cryptocurrency markets poses a risk to Brooklyn's crypto portfolios.
• Regulatory scrutiny on AI-driven financial services could increase compliance costs for Brooklyn.

What makes Brooklyn Investment Group unique

• Brooklyn integrates crypto and equity portfolios for financial advisors, a unique market offering.
• The platform's automated tax loss harvesting enhances after-tax returns for clients.
• Brooklyn's leadership includes experts from top-tier financial institutions, ensuring high-level expertise.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$14.9M

Above

Industry Average

Funded Over

1 Rounds

$4,700,000

Seed

Jun 2022

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$4.7M