Macquarie Investment Management and Wilshire Associates have created a fund aimed at mass-affluent investors that packages private-market assets.
As outlined in its prospectus, the model portfolio of the Delaware Wilshire Private Markets Fund consists of investments in private equity (50%), private debt (15%), alternative yield (15%) and private real assets (20%).
The fund, which has an initial investment minimum of $25,000 and an additional investment minimum of $5,000, will charge a management fee of $1.2% on top of the fees charged by the private funds in which it invests.
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
