FTSE Russell Finds 77% of Affluent U.S. Investors Use Advisors for Private Markets
Updated
Updated · Wealth Management · May 27
FTSE Russell Finds 77% of Affluent U.S. Investors Use Advisors for Private Markets
1 articles · Updated · Wealth Management · May 27
600 U.S. investors with at least $500,000 in investable assets showed strong dependence on advisors: 77% access private markets through one, and 89% would allocate if their advisor strongly recommended it.
30% said they are interested in private markets but have never discussed them with an advisor, while only 26% reported in-depth conversations—suggesting advisors may be underserving demand.
32% of respondents already allocate to private markets, but adoption is sharply age-skewed: 67% of millennials do so, versus 30% of Gen X investors and 11% of baby boomers.
That gap extends to future demand and retirement plans: 56% of millennials without private-market exposure would consider it later, and 50% would definitely invest through a workplace plan, versus 13% of boomers.
Millennials are driving private market demand, but does a massive advisor education gap put their wealth at risk?
Can the industry’s outdated infrastructure handle a $14 trillion retail rush into private assets without creating systemic risk?