Turnqey Labs, Inc.

It’s evident that cryptoassets are poised to become a mainstream asset class, particularly among younger generations. As this sector expands, these assets are expected to constitute a larger portion of client portfolios. Many individuals lack the expertise to construct diversified portfolios and navigate the emotional challenges that come with managing a growing portfolio of new and novel assets. This creates a crucial role for financial advisers to guide clients in building and overseeing these modern portfolios with prudent allocations and adjustments while adapting to new market dynamics. Wealthtech platforms that fail to embrace these evolving assets risk alienating their advisors and preventing them from serving a generation accustomed to digital assets. To remain relevant, platform providers must integrate on-chain and off-chain data into their portfolio management systems, enabling them to provide informed data and insights into the crypto ecosystem. The future landscape of wealth management demands a proactive approach from advisers to accommodate the rising significance of cryptoassets in client portfolios. They’ll rely on the tech they use to provide the innovation for staying abreast of market trends to effectively serve next-gen clients in a digital era. This is the gap that Turnqey Labs, Inc. was built to fill. #MakeItTurnqey

“Model portfolios are a new frontier . . . Managers must work through the key challenges of rebalancing the underlying illiquid exposures and ensuring adviser understanding of limitations,” said Daniil Shapiro, CFA Cerulli Associates director of product development. The rebalancing, reporting and billing on held away illiquid alternative assets continues to be a challenge for advisers. This is a big data story as much as it is an asset allocation one. #MakeItTurnqey

WHAT: Turnqey Labs, Inc. is now providing Coinbase client account data to the Morningstar ByAllAcounts platform. SO WHAT: Clients holding cryptoassets on Coinbase will have the ability to aggregate their cryptoasset wallets directly through the ByAllAccounts network and available to their advisers for a read only view of holdings, transactions and cost basis. The cryptoasset data is included in the current pricing model and no additional development work is required. There’s no crypto knowledge needed by the FA, and no token generation or seed phrases to remember for clients. NOW WHAT: We are in the process of adding Gemini, Robinhood and other crypto platforms in the near future. Self custodial options have also been discussed. Reach out to your Morningstar rep to get started! #MakeItTurnqey Jerry Yen Nestor Solis

It’s been awhile since I’ve been on stage and there’s a lot that has happened in the crypto space that I’m excited to discuss. Join me at Messari’s Mainnet conference for my keynote presentation: “Integration is the innovation” followed by a panel session with the inimitable Jackson Wood and Adam Blumberg. Register with the code: ‘401 Financial’ and get 25% off. https://lnkd.in/gNM3YFcU Be sure to find me and say hello!

It’s a pretty cool experience for me as a founder to be able to test Turnqey Labs, Inc.‘s data feed to Morningstar with our 401 Financial account.

13.7% of financial advisors are using or discussing cryptocurrency with their clients, including only 2.6% making recommendations themselves, while another 26.4% expect to be able to discuss or use cryptocurrency investments with their clients in the future, still leaving more than half who never expect to do so. -Cerulli Associates 11 years into this and there’s been a drop in the ocean of adoption. The lack of infrastructure for proper custody, tracking and reporting remains a huge opportunity. Bullish Turnqey Labs, Inc.

Pretty cool to see Turnqey Labs, Inc. devs implementing APIs, checksums and caching to validate account identity quickly and securely. Death of the overnight file is imminent, Jerry Yen.

Stay ahead of the game in the world of #CryptoRegulations! 👉 Learn More Here: http://spr.ly/6047gPWsL. Are you up-to-date with the latest guidelines on reporting crypto transactions? Discover everything you need to know about the new Form 1099-DA and its impact on #WealthTech platforms and the financial advisers they serve in our latest blog by Tyrone Ross Jr., Chief Executive Officer and Co-Founder of Turnqey Labs, Inc. Through the collaboration of #ByAllAccounts and #TurnqeyLabs, we now offer a solution designed to simplify the aggregation of client #Cryptoassets and the complexities of reporting. Our aim is to equip advisers with a comprehensive overview of their clients’ held-away cryptoasset holdings, helping to ensure accurate tracking and reporting integrated into advisors’ existing workflows. #MorningstarWealth #BusinessInsights #Form1099DA

New website. New partners. New Integrations. Make it Turnqey Labs, Inc. http://www.turnqey.xyz/

In April, the IRS released a draft of form 1099-DA, set to feature in 2025 federal income tax returns for individuals affirming "yes" to the digital asset inquiry. In the following post I penned with Morningstar, we delve into the impact of these new regulations on advisers and their clients. Through ByAllAccounts’ collaboration with Turnqey Labs, Inc. we offer a solution designed to simplify cryptoasset aggregation and reporting complexities. Our aim is to equip advisers with a comprehensive overview of their clients’ held away cryptoasset holdings, ensuring accurate tracking and reporting integrated into their existing workflows. Read and share it here https://lnkd.in/gvw9ntdi