This is an article I wrote which was published in Barron’s.  This article highlights some of the differences and risks associated with institutional alternative investments vs. alternative investments that market themselves as “institutional quality”.

Too often we rush through our due diligence based on a sales or marketing presentation.  Whether it is related to selecting the right investments for clients or evaluating a change of Broker/Dealer, these are important decisions and you should know the pros, cons and risks of that decision.




If you’re an advisor who is considering moving from one independent broker-dealer to another, here’s something you should consider: Different platforms often tout their retail alternative-investment products as “institutional quality,” when in fact they’re not.

It’s an easy issue for transitioning advisors to overlook. But in doing so, they may ultimately create unwanted risk for their clients and themselves….