EBI Portfolios was founded by financial adviser and entrepreneur Craig Burgess in 2010 while running Blackstone Wealth Management.
EBI Portfolios began as a tool to manage Blackstone’s own client investments, before being offered to other financial advisers to help them build and monitor portfolios of passive funds for their clients.
Initially, EBI Portfolios offered advisers a service dubbed ‘Vital’; access to a suite of portfolios in exchange for a monthly licence fee.
In 2013, after gaining DFM authority, EBI Portfolios’ Vantage service was created. The Managed Portfolio Service offered advisers the ability to offset their day-to-day investment management responsibilities, by taking advantage of Vantage’s tolerance based rebalancing model. Over the years, assets under management (AUM) in Vantage grew exponentially to overtake those within Vital, becoming EBI’s core offering.
EBI Portfolios grew from a small ancillary business to Blackstone, to become a major enterprise in its own right. In 2019, Blackstone Wealth Management was sold in order to free resources and shift primary focus to EBI Portfolios, and support ambitious plans to grow in the coming years.