{"id":709781,"date":"2026-06-17T16:23:09","date_gmt":"2026-06-17T16:23:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/709781\/"},"modified":"2026-06-17T16:23:09","modified_gmt":"2026-06-17T16:23:09","slug":"private-markets-in-wealth-management-risks-and-rewards","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/709781\/","title":{"rendered":"Private Markets in Wealth Management: Risks and Rewards"},"content":{"rendered":"<p class=\"ContentParagraph ContentParagraph_align_left\" data-testid=\"content-paragraph\">Ryan Nauman hosts Zephyr\u2019s Adjusted for Risk podcast with Dana D\u2019Auria, Group President of Solutions and Co-CIO at Envestnet, discussing the growing role of private markets in wealth management. D\u2019Auria explains how Envestnet combines asset management and wealth tech, then outlines key trends: companies staying private longer, increased demand from the wealth channel, and expanded use of vehicles like interval funds, tender offers, private BDCs, and private REITs. They emphasize that \u201csemi-liquid\u201d vehicles can become illiquid during dislocations, and highlight major risks including illiquidity, return dispersion across managers, and valuation\/marking differences versus public markets that can overstate diversification metrics like correlation. D\u2019Auria advises using specialist due diligence, evaluating tail-risk metrics, and leveraging available education from asset managers and resources such as Tony Davidow\u2019s book. <\/p>\n<p>Zephyr can help financial advisors create modern diversified portfolios. Learn more <a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link\" rel=\"noreferrer nofollow noopener\" target=\"_blank\" href=\"https:\/\/informaconnect.com\/zephyr\/asset-allocation\/?utm_medium=Content&amp;utm_source=Content_Podcast&amp;utm_campaign=WM_Adjusted_for_Risk_&amp;utm_content=WM_Adjusted_for_Risk \">here<\/a>. <br \/>Learn more about Envestnet<a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link\" rel=\"noreferrer nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.envestnet.com\/ \">\u00a0here<\/a>. <\/p>\n<p>00:00 Podcast kickoff <br \/>01:18 Meet Dana D&#8217;Auria <br \/>03:41 Wealth tech meets investing <br \/>05:52 Why private markets boom <br \/>09:09 Diversification reality check <br \/>13:00 IPOs and index impact <br \/>16:11 Access vehicles expand <br \/>18:00 Advisor adoption spectrum <br \/>21:21 Interval funds liquidity <br \/>26:34 Key risks and due diligence <br \/>34:21 Education and wrap-up <\/p>\n<p>Connect with Ryan Nauman: <br \/><a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link ContentText-BodyTextChunk_bold\" rel=\"noreferrer nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/in\/ryannauman1\/\">LinkedIn<\/a> <br \/><a class=\"ContentText-BodyTextChunk ContentText-BodyTextChunk_link ContentText-BodyTextChunk_bold\" rel=\"noreferrer nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LkTahoeBadger\">X\u00a0<\/a><\/p>\n<p data-component=\"related-article\" class=\"RelatedArticle\">Related:<a class=\"RelatedArticle-RelatedContent\" href=\"https:\/\/www.wealthmanagement.com\/investment-news\/zephyr-s-adjusted-for-risk-trading-etfs-and-sports-cards-a-parallel-conversation\" target=\"_self\" data-discover=\"true\" rel=\"nofollow noopener\">Zephyr&#8217;s Adjusted for Risk: Trading ETFs and Sports Cards &#8211; A Parallel Conversation<\/a><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Ryan Nauman hosts Zephyr\u2019s Adjusted for Risk podcast with Dana D\u2019Auria, Group President of Solutions and Co-CIO at&hellip;\n","protected":false},"author":2,"featured_media":709782,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530],"class_list":["post-709781","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/709781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=709781"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/709781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/709782"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=709781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=709781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=709781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}