Is the traditional 60/40 portfolio due for a rethink? And what role should private credit and alternative investments play in modern client portfolios? Dayna Kleinman, Managing Director and Head of US Wealth at Sagard, joins John Manganaro on the Advisor Upside Show to explore the growing role of private markets in wealth management, the opportunities and risks facing financial advisors, and what it takes to successfully incorporate alternative investments into client portfolios.
Drawing on more than 30 years of industry experience, including leadership roles at Baird and Monroe Capital, Kleinman discusses Sagard’s strategic partnership with Baird, where private-market allocations stand today compared with home office guidance, and how advisors can evaluate opportunities beyond traditional stocks and bonds. The conversation also examines the expansion of private-market investments into 401(k) retirement plans and the importance of liquidity and valuation transparency. In the second half, Kleinman, recently elected to the board of the Institute for Portfolio Alternatives, talks about advocating on Capitol Hill for expanded access and a modernized accredited investor definition.
This episode is presented by Fidelity.
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