Young Investor Demand for Alternative Assets Is Reshaping Wall Street's Playbook

What You Need To Know

• Most wealthy investors under 43 believe traditional stock-bond portfolios will fail to generate above-average returns.
• But compared to tax-efficient ETFs, these alternative products tend to carry higher fees, greater opacity, and less liquidity.
• One reason alternatives are being aggressively repackaged for individuals is that traditional buyers risk being tapped out.