As investors flock to private assets, wealth-management advisers need to be cautious in making sure such often-riskier investments align with the financial goals of their clients,
“What ‘private markets’ means has expanded dramatically just in the last three to five years,” Shoukry said in a Bloomberg Television interview Wednesday. “We want to make sure, first and foremost, that any investment that advisers sell to their clients make sense for their clients and their positions.”
WATCH: Raymond James Financial CEO Paul Shoukry urges caution with private markets.
Source: Bloomberg
Raymond James last month reported record net revenue of $14.07 billion for fiscal 2025, with ...