With interest rates stuck at record lows, you’ve likely considered adding alternative investments to your clients’ portfolios for a boost in investment income. Alternatives also, in theory, add diversification to portfolios through the use of non-correlated assets with respect to equities and fixed income.
However, managing and reporting on alternative investments usually means adding a lot more manual processes to your back office procedures.
Thankfully, software and service vendors to financial advisers recognize the challenge and now support tools to facilitate alternative investment management.
I covered one of these tools in this month’s column for Morningstar Advisor.
Find out what it is by reading Outsourcing Alternative Asset Aggregation and More.
[Photo: troismarteaux]
