Assertion Supported AI assessment confidence: 90% certainty 4/5 debate potential 2/5

Teskey: The untapped retail market for alternative assets exceeds institutional sizing

Connor Teskey · Beating the Market: Connor Teskey, CEO Brookfield Asset Management · Mar 17, 2026 · at 1:07:46

Connor Teskey, CEO of Brookfield Asset Management, outlines the retail and high-net-worth market opportunity for alternative asset managers.

0:00 / 0:13exact quote · 13.0s

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“That market is actually bigger. The individual market is actually bigger than the institutional market today. And it has almost zero penetrations from alternatives.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

The individual investor market (retail, high net worth, 401(k), and annuities) is larger than the institutional market and has almost zero penetration from alternative assets.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Major wealth and asset management benchmark reports (Bain & Company, McKinsey, BCG) corroborate both assertions made by Connor Teskey. First, global wealth held across individual investor channels (retail, mass affluent, high-net-worth, and retirement accounts) is documented as reaching $140T-$150T+ in investable assets (and over $300T+ in broader financial wealth per BCG), exceeding total traditional institutional investable assets. Second, overall alternative asset penetration across the broad individual investor pool is estimated by McKinsey and Bain at approximately 2% to under 5%, representing near-zero penetration outside of specific ultra-high-net-worth subsets.

Bain & Company reported individual investors hold roughly 50% ($140T to $150T) of global investable assets, surpassing or matching the institutional pool ($135T to $145T).
McKinsey & Company reports aggregate individual investor portfolio allocation to alternative assets at approximately 2%.
Bain & Company and Preqin data show alternatives comprise less than 5% of total individual portfolio assets across retail, mass affluent, and retirement segments.

Checked against

[1] citigroup.com [2] preqin.com [3] csi.ca [4] bcg.com [5] resonanzcapital.com [6] caia.org [7] jpmorgan.com [8] mckinsey.com

retail wealth alternative assets penetration percentage Bain McKinsey "individual" "institutional" wealth assets "Bain" alternative assets retail penetration "BCG" "Global Wealth Report" individual assets "institutional" alternative assets "Capgemini" "World Wealth Report" "alternative" allocation percentage McKinsey Global Wealth report individual vs institutional assets alternative assets allocation

assessed as of 2026-09-03

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

alternatives individual market institutional market

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Teskey: The untapped retail market for alternative assets exceeds institutional sizing

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