Nesbitt: Mid-sized RIAs lack the resources to conduct alternative investments
Steve Nesbitt · Stephen Nesbitt – Innovation in Private Markets for RIAs (EP.410) · Oct 7, 2024 · at 25:22
Steve Nesbitt, CEO and CIO of Cliffwater, explains why RIAs require institutional advisory support in addition to asset management products.
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“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.”
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