alternative investments

“It's trillions of dollars that are currently in process of transition away from, let's call it the ETF mutual fund land into the alternative space broadly. Whether that's hedge funds, private equity, private credit, Real estate strategies, crypto strategies, a…”

“As a former financial advisor, I just know our industry doesn't talk about things to their end client that they don't understand. So for example, when we're all at dinner and the conversation of blockchain or crypto starts, you know, there's certain people at …”

“What's interesting though, however, and where the opportunity is, is that the RIA channel has allocation rates to alternative investments less than two percent. Their colleagues in the larger wealth management firms, the wirehouses, on average have allocation …”

“You need multiple evangelists in the beginning to turn the tide. So we actually welcome anyone who wants to kind of throw their hat in the ring right now and contribute to the democratization of alternative investments because it's all positive for us.”

“So really what we're seeing here is not only a growing wealth market overall, growing allocations to alternative investments, say from three to five percent, 10%, or 15%, which is causing really a massive reallocation of capital from traditional assets to alte…”

“So I think the need and demand, the pent-up demand to incorporate alternatives is now at a, at an all-time high.”

“What's interesting about it though, when we look at it through the lens of alternative investments, their allocation rates to alternative investments of that 40 trillion is less than five percent, probably closer to two or three percent broadly on average.”

“Retail and just merely high net worth as a segment, very under allocated to alternatives. A typical allocation will be in the very low single digits, less than three percent. Institutional allocations are 20 to 30%. That's going to shift.”

“These RIAs, generally they manage between one and maybe twenty billion. There are very smart business people. They have some investment skill, but they don't have the resources, particularly the resources to do alternative investments.”

“Going into the new century, I was convinced that it was going to be alternative investments, that no way, sixty-forty was going to meet the actuarial rate. My feeling was in alternatives, we could add three percentage points net, shift up the efficient frontie…”

“Our industry still is a relationship business, and you can post all the numbers you want to, but there's got to be some type of human interaction when you're talking about an illiquid, more complex investment.”

“I think it should be 20. Our CIO's calling for higher than 20, so we still have a long ways to go.”

“Through whether it's an interval fund, a tender offer fund, a non-traded BDC, an operating company, there are now a number of new vehicles that asset managers can utilize, which really widen the aperture for investors to invest. And that includes not just qual…”

“It's not as significant as the portfolios that we manage on behalf of clients, which is almost a half a trillion dollars, but a lot of what we do in alternatives, which is about a hundred and seventy eight billion dollars, where we allocate to a lot of non JP …”

“Private wealth portfolios, particularly the so-called mass affluent, typically hold only two to five percent of their assets and alternatives, compared to a range of 20 to 50% per institutions.”