Nuveen Investments expands access to alternatives for financial advisers' wealthy clients

Leaning on technology to streamline the process

Aug 9, 2016 @ 2:43 pm

By Jeff Benjamin

+ Zoom

Nuveen Investments has rolled out a new platform that will expand access of its alternative investment lineup to wealthy individuals working with financial advisers.

Nuveen, an operating division of TIAA Global Asset Management, already manages $140 billion worth of alternative investments for institutional investors in products including real estate, agriculture, timber, agribusiness, and private equity.

But the addition of a technology-driven platform is designed to expand that access to qualified clients of financial advisers and family offices.

“Part of the difficulty around the growth of alternatives is easy access to documentation and strategies,” said Mike Perry, Nuveen's head of alternative investments.

“Many advisers don't participate because it's so difficult to get information on traditional alternatives,” he added.

The growing appetite for alternative investment strategies can be measured by the growth of alternative-strategy mutual funds.

According to Morningstar liquid alternative mutual fund strategies, now make up more than $176 billion across 1,533 individual funds.

Total liquid alt funds have increased by more than 66% from 921 funds at the end of 2011.

Total assets in the funds is up 100% from $88 billion at the end of 2011.

The Nuveen platform, which provides advisers access to alternative products at TIAA Global, deals with the kinds of private investment products and partnerships that require investors meet certain net-worth minimums.

But, as Mr. Perry explained, technology is making it easier for advisers to gain access to a variety of unregistered products.

Nuveen has engaged technology provider Artivest to create a white-label platform to provide access to private alternative investments from Nuveen/TIAA. The products had previously not been available to individual investors.

“The launch of this new initiative clearly illustrates our commitment to serving advisers in this space and our desire to help their clients access the broad and deep alternative investment solutions,” he said.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

INTV

Ed Slott: Many investors are still not using this IRA strategy to save on taxes

If you have a client who has an IRA that is subject to required minimum distributions and they're donating to charity, they should be using qualified charitable distributions, according to Ed Slott, founder of Ed Slott's Elite IRA Advisor Group.

Video Spotlight

Will It Last As Long As Your Clients Do?

Sponsored by Prudential

Video Spotlight

The Catalyst

Sponsored by Pershing

Latest news & opinion

Vanguard rides robo-advice wave to $65B in assets

Personal Advisor Services, four times the size of its closest competitor, combines digital and human touch.

CFPs, including brokers, may have to adhere to a stricter fiduciary duty

CFP Board revises its standards and aims to beef up fiduciary requirements of certificants.

CFP Board's proposal to expand fiduciary duty draws praise, carries risks

Some question whether brokers will drop the CFP mark or if the CFP Board will strictly enforce its new standard.

Meet our new 40 Under 40s

Introducing 40 young leaders in financial advice. Learn how their passions are driving their success and fueling the future of the industry at large.

W.P. Carey exiting the nontraded REIT business

With regulations and other factors changing the marketplace, the publicly traded REIT will focus on its core business in the net lease market.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print