More and more advisers are turning to alternative assets, which include anything beyond plain-vanilla stocks and bonds, as part of a balanced portfolio for their clients.
“Historically, an investment portfolio was 60% stocks and 40% bonds,” said Michael Sheldon, CFA, chief investment officer at RDM Financial Group-Hightower, in Westport, Connecticut. “But in the past few years, more investors have been looking at alternative sources of return that help mute volatility, create more diversity, and create a better risk-adjusted portfolio.”
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