Wealth Management Invest

In this episode of Wealth Management Invest, host David Bodamer speaks with Karl Desmond, senior client portfolio manager at Invesco, about how financial advisors are using model portfolios. Karl breaks down trends with both pre-built and custom model portfolios, including how advisors can maintain input on asset allocation, manager selection, and existing holdings while delegating more of the portfolio construction process. Karl also discusses tax-aware transitions and implementation challenges associated with less-liquid strategies when incorporating them into model portfolios. In addition, he explores the rise of multi-manager portfolios, the role of wealth technology in trading and tax management and how a more consistent investment process can help advisors spend more time with clients while preparing their firms for future growth, advisor transitions and eventual succession. Karl discusses: How model portfolios create capacity for client service, planning, prospecting and other advisor priorities How advisors can preserve their investment philosophy while outsourcing portfolio construction and manager research Why tax-aware transitions may preserve appreciated holdings while reducing disruption for existing clients How liquid and private alternatives introduce education, liquidity, rebalancing and implementation concerns How streamlined portfolio processes can support practice efficiency, advisor transitions and firm succession Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Karl Desmond: LinkedIn: Karl Desmond LinkedIn: Invesco Website: Invesco Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify

In this episode of Wealth Management Invest, David Bodamer speaks with Brian Moriarty, principal on Morningstar’s Manager Research Team, about the latest trends shaping the semiliquid fund market. Brian shares insights from Morningstar’s latest research, explaining why investor flows are shifting away from private credit toward private equity and venture capital, while exploring how changing market conditions may affect future return expectations. Brian also explains how leverage, redemption limits and portfolio liquidity influence the performance of semiliquid funds. In addition, he discusses the role of cash management, portfolio overlap across private credit strategies, evolving fee disclosures and Morningstar’s approach to evaluating these investments through its Medalist Ratings, giving investors a clearer framework for comparing semiliquid funds with public market alternatives. Brian discusses: Why investor flows are shifting from private credit toward private equity and venture capital funds How leverage, redemption limits and valuation practices influence returns in semiliquid fund structures The role of portfolio liquidity, cash retention and loan maturities in managing investor redemptions How fee structures and incentive fee disclosures can affect comparisons across investment products What Morningstar’s Medalist Ratings reveal about evaluating semiliquid funds versus public market investments Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Brian Moriarty: LinkedIn: Brian Moriarty LinkedIn: Morningstar Website: Morningstar Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify Morningstar: The State of Semiliquid Funds 2026 Report

In this episode of Wealth Management Invest, David Bodamer speaks with Matt Kaufman, global head of ETFs at Calamos Investments, about the rise of autocallable ETFs. Matt explains how these strategies originated in the structured note market and discusses how the ETF wrapper is helping make them more accessible through features such as diversification, liquidity, transparency and operational efficiency. Matt also breaks down the mechanics of autocallable income strategies, including coupon barriers, principal protection thresholds and laddered portfolio construction. In addition, he shares insights into Calamos’ income-focused and growth-focused offerings, explores the differences between autocallable ETFs and covered call ETFs, and discusses the role of tax-efficient distributions, memory features and long-term portfolio applications for both income and growth-oriented investors. Matt discusses: How autocallable yield notes work and why they’ve become widely used for equity-linked income strategies Why Calamos launched autocallable ETFs and how laddering seeks to improve diversification benefits Differences between covered call approaches and autocallable income structures for investors The tax treatment, liquidity features and operational efficiencies offered through the ETF wrapper Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Matt Kaufman: LinkedIn: Matt Kaufman LinkedIn: Calamos Investments Website: Calamos Investments Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify

In this episode of the Wealth Management Invest podcast, host David Bodamer speaks with Mark Sutterlin, head of alternative investments at Bank of America Merrill Lynch, about the increasing role of private markets within client portfolios. Mark outlines how demand for alternative investments is evolving, particularly among ultra-high-net-worth investors, and explains how firms are expanding access through new platform offerings and structures. Mark also explores the role of evergreen funds in making private markets more accessible, while emphasizing the importance of long-term thinking, diversification, and consistent allocation. In addition, he shares perspectives on how technology is improving the investment experience, along with key themes shaping opportunities across areas such as artificial intelligence, infrastructure, and hedge strategies. Key takeaways: Why ultra-high-net-worth investors are increasing allocations to private markets for diversification How evergreen funds help simplify access but still require long-term discipline from investors The role of advisor education in helping clients understand illiquidity and portfolio fit How technology is improving reporting, execution and the overall investor experience Key investment themes including AI, infrastructure growth and renewed interest in hedge strategies Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Mark Sutterlin: LinkedIn: Mark Sutterlin LinkedIn: Bank of America Merrill Lynch LinkedIn: Bank of America Business Website: Bank of America Business Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify

In this episode of the Wealth Management Invest podcast, host David Bodamer sits down with Chris Acito, CEO and founder of Gapstow Capital Partners, to examine the growing attention around private credit and the forces shaping its current outlook. Chris explains how the expansion of retail investor access has changed the structure of the market, particularly through interval funds and non-traded BDCs, and why recent redemption activity is bringing renewed focus to liquidity design. Chris also breaks down the distinction between liquidity concerns and underlying credit quality, offering context around default expectations and sector-specific pressures such as recent volatility in software lending. In addition, he discusses the valuation gap between listed and non-listed vehicles, what it may signal about investor sentiment, and the key indicators advisors should monitor as the market adjusts over the coming quarters. Key takeaways: How private credit funds are structured and why redemption limits are built into the system for stability The shift from institutional to retail capital and how it has reshaped liquidity dynamics in credit markets Why redemption pressure may not signal panic, but rather a test of fund design and investor expectations Differences between listed and non-listed BDCs and what pricing gaps may reveal about market sentiment Key indicators to watch, including credit performance, fund flows and valuation trends across vehicles Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Chris Acito: LinkedIn: Chris Acito LinkedIn: Gapstow Capital Partners Website: Gapstow Capital Partners Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify

David Bodamer speaks with Cheryl Nash, President of APL at InvestCloud, about how wealth technology is evolving to support the next phase of managed accounts. Cheryl explains how platforms are moving beyond traditional investment strategies to focus on personalization, tax awareness, and the integration of private markets into scalable portfolio solutions. Cheryl also outlines how firms are working to bring private assets into the same framework as public investments, including the operational challenges of trading, rebalancing, and automation across large numbers of accounts. In addition, Cheryl explores how artificial intelligence is being applied to streamline workflows, improve data accuracy, and enhance advisor efficiency, while emphasizing the growing importance of scalability as firms expand and client expectations continue to rise. Key takeaways: How platforms now rebalance thousands of accounts while supporting tax overlays and multi-asset portfolios Why private markets are moving into managed accounts and the infrastructure required to support them How personalization has shifted from a premium offering to a standard expectation across client portfolios The role of AI in improving workflows, data reconciliation, and advisor decision-making efficiency Why scalability and integrated systems are critical as firms grow through M&A and increasing client demand Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Cheryl Nash: LinkedIn: Cheryl Nash LinkedIn: InvestCloud Website: InvestCloud cnash@investcloud.com Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify

In this episode of the Wealth Management Invest podcast, host David Bodamer sits down with Dan Noonan, executive vice president at Cohen & Steers, to discuss how real assets are being incorporated into portfolios across the wealth management channel. Dan shares how sectors such as real estate, infrastructure, commodities and natural resource equities can contribute to diversification and income, and explains how advisors are approaching these asset classes as market conditions evolve. Dan also breaks down the differences between listed and private real estate investments, including how liquidity, income and volatility profiles compare. In addition, Dan discusses the growing adoption of active ETFs within specialized sectors and highlights opportunities emerging in areas like necessity retail properties and next-generation real estate categories such as data centers and cell towers. Key takeaways: Renewed advisor interest in real assets as diversification and inflation mitigation tools Key differences between listed and private real estate and how each fits into portfolio construction The expanding role of active ETFs in specialized asset classes such as real estate and infrastructure How next-generation real estate sectors like data centers and cell towers are shaping the market Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Dan Noonan: LinkedIn: Dan Noonan LinkedIn: Cohen & Steers Website: Cohen & Steers Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify

In this episode of the Wealth Management Invest Podcast, host David Bodamer sits down with Kimberly Flynn, president of XA Investments, to discuss how interval and tender offer funds are reshaping access to private markets for financial advisors. Kimberly explains how private credit, private equity and other alternative strategies are being packaged for the wealth channel, and what advisors should understand about their fund structures, platform requirements and track records. She also shares insights from XA Investments’ research on advisor adoption, public/private partnerships and the growing role private markets may play in portfolio construction over time. Key takeaways: Growth in interval and tender offer funds and what it signals about advisor demand for private market exposure Differences in adoption across RIAs, wirehouses and IBDs How track record requirements and platform standards shape fund availability The role of partnerships, indices and research in helping advisors evaluate options Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Kimberly Flynn: LinkedIn: Kimberly Flynn Website: XA Investments Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify

In this episode of the Wealth Management Invest podcast, host David Bodamer speaks with Dave Donahoo, head of Americas, Wealth Management Alternatives at Franklin Templeton, about how private equity, private credit and real estate are increasingly shaping portfolio construction within the wealth channel. Dave shares how Franklin Templeton approaches private markets, evaluates semi-liquid fund structures and prioritizes investment integrity when adapting institutional strategies for advisors. He also discusses current themes across private asset classes, the role of education in advisor adoption, and why private markets are becoming a central part of long-term portfolio design. Key points: Why private markets are no longer viewed as niche allocations for wealth portfolios How semi-liquid structures are evaluated before launch The role of supply and demand across private equity, credit and real estate How institutional experience informs product design for wealth clients Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Dave Donahoo: LinkedIn: Dave Donahoo LinkedIn: Franklin Templeton Website: Franklin Templeton Website: Alternatives by Franklin Templeton Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify

In this episode of Wealth Management Invest, host David Bodamer sits down with Anya Coverman, president and CEO of the Institute for Portfolio Alternatives, to open 2026 with a discussion on key regulatory and policy developments affecting private markets, including ERISA modernization, 401(k) access, accredited investor definitions and the impact of state-level regulation. Anya outlines the IPA’s role in representing the alternatives ecosystem and shares insight into how access to private markets has evolved, why individual investors remain under allocated compared to institutions, and how innovation in fund structures, fintech infrastructure and industry partnerships is reshaping the wealth channel. Key takeaways: Individual investors remain under allocated to private markets compared to institutions New fund structures, fintech platforms and partnerships are expanding advisor access to alternatives Policy developments around ERISA, 401(k)s and accredited investors will shape future access Durable, thoughtful regulation is essential to responsible growth in private markets Education and collaboration are critical as alternatives play a larger role in portfolios Connect With David Bodamer: david.bodamer@informa.com Wealth Management LinkedIn: David Bodamer LinkedIn: Wealth Management Connect With Anya Coverman: Institute for Portfolio Alternatives LinkedIn: Anya Coverman Resources: Listen to the Wealth Management Invest Podcast on Wealth Management Listen and Subscribe to the Wealth Management Invest on Apple Podcasts Listen and Subscribe to the Wealth Management Invest on Spotify

In this episode of Wealth Management Invest, host David Bodamer speaks with Daniel M. Milligan, vice president of separately managed accounts at Columbia Threadneedle Investments, to examine how advisors are using SMAs and direct indexing when building client portfolios. Daniel outlines how technology has increased access to SMAs, why tax-aware personalization is gaining traction, and … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/12/15/wealth-management-invest-digging-into-smas-and-direct-indexing-with-columbia-threadneedles-daniel-milligan/"> Read More<span class="screen-reader-text"> Read More</span></a></p>

In this episode of Wealth Management Invest, host David Bodamer speaks with two AllianceBernstein executives: Onur Erzan, head of Global Client Group and Private Wealth, and Noel Archard, CFA, global head of ETFs and Portfolio Solutions. The duo shares insights on the growth of AllianceBernstein’s active ETF platform, the increasing integration of private markets into … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/11/17/wealth-management-invest-ramping-up-etf-aum-with-alliancebernsteins-onur-erzan-noel-archard/"> Read More<span class="screen-reader-text"> Read More</span></a></p>

In this episode of Wealth Management Invest, host David Bodamer speaks with Todd Schlanger, CFA, senior investment strategist for multi-asset investing at Vanguard, to explore how advisors can approach portfolio construction in today’s market. Todd shares why the 60/40 portfolio still plays a crucial role, the rise of dynamic and active-passive strategies, and the increasing … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/10/20/wealth-management-invest-building-resilient-portfolios-with-vanguards-todd-schlanger/"> Read More<span class="screen-reader-text"> Read More</span></a></p>

In this episode of Wealth Management Invest, host David Bodamer talks with Jonathan McEvoy, managing director, Investor Relations and head of Private Wealth Secondaries Solutions Distribution at Coller Capital, to explore how secondaries provide an additional access point to private markets. Jonathan shares the growth story of private equity and private credit secondaries, their benefits … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/09/15/wealth-management-invest-the-role-of-secondary-markets-in-private-wealth-with-coller-capitals-jonathan-mcevoy/"> Read More<span class="screen-reader-text"> Read More</span></a></p>

In this episode of the Wealth Management Invest Podcast, host David Bodamer interviews Ben Sayer, managing director and head of the alternative investments group at MAI Capital Management. Ben shares insights on MAI’s longstanding approach to private markets, the rise of evergreen structures, and the operational challenges of managing illiquid assets. He also discusses how … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/08/18/wealth-management-invest-how-mai-capital-approaches-private-markets-with-ben-sayer/"> Read More<span class="screen-reader-text"> Read More</span></a></p>

In this episode of the Wealth Management Invest Podcast, host David Bodamer interviews Tom Cohn, partner and chief solutions officer at Cerity Partners. They explore the significance of private markets in client portfolios and discuss asset allocation strategies. Tom shares insights on the evolution of private markets, the rise of evergreen structures and the impact … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/07/21/wealth-management-invest-ceritys-tom-cohn-on-private-market-allocations/"> Read More<span class="screen-reader-text"> Read More</span></a></p>

In this episode of the Wealth Management Invest Podcast, host David Bodamer sits down with Don Calcagni, the chief investment officer of Mercer Advisors, to explore how Mercer attempts to align investment decisions with financial goals. David and Don dive into defining clear investment objectives that align with clients’ financial aspirations, the importance of moving … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/06/16/wealth-management-invest-rethinking-portfolio-diversification-with-don-calcagni/"> Read More<span class="screen-reader-text"> Read More</span></a></p>

In this episode of the Wealth Management Invest Podcast, host David Bodamer sits down with Kristen Mirabella, head of partnerships at Eaglebrook Advisors, to discuss the evolving role of cryptocurrency in wealth management. Eaglebrook is a digital asset platform that allows advisors to invest directly in crypto through separately managed accounts. Kristen talks about Eaglebrook’s … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/05/20/wealth-management-invest-demystifying-crypto-for-financial-advisors-with-kristin-mirabella/"> Read More<span class="screen-reader-text"> Read More</span></a></p>

Join David Bodamer, Editorial Director at WealthManagement.com, and his guest, Brad Walker, Co-President at CAIS, as they delve into the transformative landscape of alternative investments. Discover why independent wealth managers and RIAs are increasingly incorporating alts into client portfolios and the innovative trends making this possible. Highlights from this episode include: The growth and evolution … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/04/21/caiss-brad-walker-on-making-alternative-investments-accessible/"> Read More<span class="screen-reader-text"> Read More</span></a></p>

Join David Bodamer as he sits down with Stephanie Drescher, Apollo’s chief client and product development officer, to unravel the potential of alternative investments for wealth advisors. David and Stephanie explore why Apollo is confident in hitting $150 billion in assets within the wealth channel and why traditional portfolios fall short without private market exposure. … <p class="read-more"><a class="btn btn-default" href="https://nreiweekender.blubrry.net/2025/03/17/wealth-management-invest-apollos-stephanie-drescher-on-bringing-alts-to-the-wealth-channel/"> Read More<span class="screen-reader-text"> Read More</span></a></p>