Some of the leading experts from the global wealth management and investment space have been brought together as part of a new initiative from KKR.
The investment firm has convened ten members for the launch of its Global Wealth Investment Council which aims to provide constructive dialogue about macroeconomics, capital markets, asset allocation, and how private markets fit into individual portfolios.
“We are thrilled to convene an esteemed and diverse group of investment experts for this first-of-its-kind initiative,” said Paula Campbell Roberts, chief investment strategist for Global Wealth at KKR and Chair of the GWIC. “We believe that through collaboration and dialogue, we can develop actionable insights that benefit not only our respective organizations but also the broader investment community.”
GWIC members were polled about their concerns and outlooks for the industry with sticky inflation, potential slowing of consumer spending, and job growth topping the concerns.
The survey also found that North America is best positioned for economic growth in 2024, with a soft-landing likely, while China is the most challenged.
Asked about asset allocation, most members said that high-net-worth investors are overweight to cash and underweight to alternatives this year, and they see the need for diversification from stocks and bonds in the belief that stock/bond correlations are likely to remain high in 2024.
The majority of members believe that generating income is the most popular goal of HNW investors this year.
The ten expert members of GWIC are:
Senators say brokerages leave accounts exposed to fraudulent transfers without verification, intensifying pressure as FINRA weighs its own fraud-hold rule
Meanwhile, the founder of advisor list gives reasons for secret $6 million payment to editor.
Internal C-level promotion comes as US Bank builds out private banking, athlete-focused advice and alternatives infrastructure.
A structured financial plan doesn't just prepare clients for the future, it transforms how they respond to the present.
Regulated prediction markets for retail brokerage clients is the latest sign that prediction markets are entering the mainstream investing toolkit.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
