As alternative investments continue to be understood better and utilized more by wealth advisors, it’s becoming more apparent that alternative investments no longer represent a fringe investment type. Yes, they are an alternative to stocks and bonds, as they should be, but they are no longer alternative to being accepted as a core piece of an investor’s portfolio. The advice industry stakes its reputation on diversification. It’s the foundation and hallmark of investing. Here we sit, and we’re comfortable stating our case that the more diversified the portfolio, the better.
However, there is still much to do. Now that more advisors, and investors, are convinced that alternative investments strengthen their investment portfolios, more wealth advisors must become better prepared and more confident to demonstrate their understanding of how, what, and why about alts. Indeed, the big challenge now becomes teaching, training and educating, not just that alternative investments are an essential ingredient, but that each investment type, class, sub-class, and strategy are unique and must be fully understood. No two alts strategies are the same, just as no two fund strategies are the same. Better training, deeper understanding, advanced expertise, and overall alts proficiency is key to a successful alts experience.
The Blue Vault 2024 Alternative Investments Mid-Year Outlook and Select Sector Reports is a collaboration by some of the industry’s brightest minds. The purpose of the Outlook is to provide wealth advisors with a review of where alternative investments sit at the mid-way point of 2024 and what to look for as we move forward through 2024. The Blue Vault Alts Educational Board, made up of 17 executives from 17 different wealth firms across the financial services industry, is responsible for the idea behind the 2024 Outlook.
The Outlook consists of article content from 12 different industry firms on a variety of topics. We hope you’ll take the time to look through and review the content, as you prepare your practice for what promises to be a riveting fall season and year-end. With so much economic activity and variations of data trends, so many different opinions, and so many options to consider as we adjust to market abnormalities and trends, we hope the Alts Mid-Year Outlook will help you simplify the complex. Special thanks to alts industry executives Dr. Randy Anderson, Apollo, and Josh Hoffman, Bluerock for their leadership role in making the Outlook take shape.
Stacy Chitty
Managing Partner, Blue Vault
