Kraken Adviser LLC provides investment advice through its online platform, recommending diversified allocations called "Combination Bundles" that include securities and digital assets. These bundles are tailored to client's investment needs and rebalanced periodically. Clients must open a digital asset trading account with Payward Interactive and a securities brokerage account with Kraken Securities to use the service. The firm exercises discretion over rebalancing and adjustments to the bundles.
Fee Structure
Kraken Adviser LLC does not charge a direct advisory fee for its services. However, clients incur costs related to transactions within the Combination Bundles. These include digital asset trading fees payable to Payward Interactive (1% fixed fee, waived for Kraken+ subscribers up to $10,000 in trading volume, plus a spread) and revenue earned by Kraken Securities from equity securities traded and held (payment for order flow and fully paid stock lending). Clients also incur costs payable to third parties like Alpaca, such as wire transfer fees. ETFs within the bundles may also have embedded expenses.