In this episode sponsored by Obsidian CIO, hosts Bob Huebscher (founder of Advisor Perspectives) and Joe Halpern (Managing Partner and CIO of Obsidian CIO) investigate the forces driving the “alt craze” and why advisors are lagging behind the industry momentum.
Joined by special guest Kendrick Wakeman, a 30-year industry veteran and CEO of WealthTech Strategy Partners, this episode unpacks the massive shift of alternative investments downstream into wealth management—and reveals the substantial gaps that still need to be filled before alternatives truly become mainstream for advisors and their clients.
The conversation explores the technological, educational, and operational barriers preventing advisors from fully capitalizing on alternatives, from subscription processes that desperately need automation to the critical lack of due diligence frameworks and advisor education.
Understand the “Alts2Wealth” Movement – Learn what’s really driving the democratization of alternatives and why institutional capital is pushing downstream.
Identify the Critical Infrastructure Gaps – Discover the three key processes: onboarding, subscription, and post-trade management, that must be scaled for alternatives to reach mass adoption.
Recognize the Role of TAMPs and OCIOs – Understand why outsourced platforms are positioned to become the biggest beneficiaries of the alts craze.
Address the Education Deficit – Learn why advisor education remains the single largest human constraint holding back adoption.
Evaluate Due Diligence Challenges – Understand why alternatives lack the standardized data and ratings that exist for public investments—and what needs to change.
Anticipate the Next 5 Years – Get Kendrick’s prediction for when the market will be fully deployed and what success looks like when “Alts2Wealth” simply becomes “wealth.”
Kendrick Wakeman and WealthTech Strategy Partners’ new White Paper is available, here: What Really Needs to Happen for Alts2Wealth to Become Mainstream.
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Listeners can download the new White Paper by Obsidian CIO, here:
How to Scale Your RIA to $1 Billion AUM and Beyond
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IMPORTANT DISCLOSURE: Obsidian CIO LLC sponsors the podcast to further education and critical thinking about the factors that affect markets and investing, and the podcast does not provide investment advice. Investment advice is only offered to clients of Obsidian CIO who have entered into an advisory agreement and with whom Obsidian CIO has identified individual objectives, risk tolerance, and other investment needs.
