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Alts & Digital Assets- Educators Needed
Matt Ober
September 13, 2023
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Two areas where I think we lack education- Alternative Investments & Digital Assets. Is there an easy solution?
When we invested in Ram from Lumida Wealth, part of the thesis was that wealth managers typically aren’t experts in alternative investments and digital assets. As he builds the firm with a strong team, they are putting out some pretty great content across Twitter, TikTok, Linkedin, and their Beehiiv Newsletter. They are also starting to do some great podcasts. I think they are not only educating but really engaging their growing audience.
All that being said, I think we are lacking good alternative investment education tailored to the wealth management space and specifically for advisors. There are some alternatives platforms, but I have yet to see one specifically tailored to RIAs. When I speak to wealth managers, the demand for alternatives is ramping up from clients, and the need for education is wanted, but we still don’t have a good solution. What that solution looks like I don't know, but it’s a problem ripe for solving. Maybe it’s a partnership with the CAIA, which I happen to be a member of. Questions I hear include, understanding the illiquidity of alternatives. How to properly diversify across alternatives? How to pick the right managers? How do we solve the operational headaches and reporting to both the advisors and end clients?
I think if you solve the alternatives platform & education problem, you can incorporate digital assets education as digital assets in my mind are just becoming another form of an alternative investment. If you are building in this space I would love to learn more and if you want to meet the Lumida team please let me know!
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