Private markets growth to have 'profound' impact on client portfolios

Speaking at the Schroders Adviser Forum, private markets director James Lowe outlined how the private markets space is growing and his predictions that this will change the way financial advice is delivered. Private markets are estimated to reach 30% of all assets under management (AUM) by 2032 according to figures from Bain & Company, and Lowe said that this will have an impact on how clients' assets are managed. "If private markets reach 30% of global assets, the implications for how client portfolios are constructed and managed will be profound," Lowe told advisers in the room. ...