A new survey suggests that financial advisors want all retail investors to have the same access as accredited investors.
[Originally published to RIAIntel by Holly Deaton.]
A majority of financial professionals, including RIAs, believe that all retail investors should have access to alternatives. Financial advisors already widely recommend that clients who meet the accredited investor requirements allocate to alternatives, according to a new CAIS survey shared with RIA Intel.
The survey of 303 respondents, 107 of whom identify as financial advisors, was conducted by Prosek Partners at the May 2022 Morningstar Investment Conference. The survey was conducted on behalf of CAIS, an alternative investment platform used by more than 5,300 advisory firms with more than $2.5 trillion in assets…
The first half of 2022 saw the launch of several alts-focused platforms such as Gridline, an alts platform targeting smaller funds, and AltExchange, a Plaid-like service that aggregates and organizes information from more than 50 alternative investment platforms for wealth managers.
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