Democratising finance: Alternatives and the role of financial advisers

The singular use of the traditional 60/40 portfolio as the workhorse of the advice industry has steadily eroded in recent years. The disappointing performance of equity and fixed-income investments over the last year has added to this decline. The 60/40 portfolio strategy, once a mainstay of experienced investors, fell by 16% last year as traditional diversification benefits broke down, creating a /pervasive sense of caution among investors. This unprecedented market uncertainty has helped to pave the way for the alternatives revolution. As we continue to face fraught macroeconomic...