Digest June 23rd

Alternative Investments Surge Among Advisors

A recent FPA and Journal of Financial Planning survey reveals a sharp increase in alternative asset adoption by planners—options (up ~98%), publicly‑traded REITs, private debt, and non‑traded REITs—as portfolio guards against volatility and inflation. Advisors are actively seeking uncorrelated strategies to smooth returns and respond to economic uncertainty. Wealth Management

WealthTech 2025: AI, Cybersecurity & Custom Stacks

The 2025 WealthStack report highlights critical advisor tech trends: AI-driven client engagement and workflow automation, strengthened data governance and cybersecurity protocols, plus the growing strategic choice between buying third-party solutions vs. building internal systems. Wealth Tech Trends

Preparing for a Looming Advisor Shortage

McKinsey projects that by 2034, the U.S. wealth management industry could face a shortfall of around 100,000 advisors, driven by both retirements and insufficient entry of new talent. With wealth transfer accelerating—millennials & Gen Z set to inherit $90 trillion—firms must proactively recruit, build career pathways, and boost advisor productivity (e.g., leveraging teamwork, tech, AI) to meet demand. McKinsey