“Financial advisors broadly consider alternative investments to be a key element in growing their high-net-worth business, but poor access to quality products is resulting in low allocations, according to a new survey from alternative asset platform Artivest.
The firm’s Alternative Investment Survey, which gauged advisors’ appetite for alternative investments, showed (the following results).
Key findings of the survey include:
- 54% of advisors believe offering alternatives is important to retaining and attracting HNW investors
- 26% of advisors think their adoption of alternatives is lower than institutions because of lack of access to quality products
- 73% of advisors indicate that alternatives should make up more than 5% of an overall portfolio allocation
- 90% of advisors maintain that a good digital experience is necessary to attract millennial HNW clients.”