Registered Investment Advisors, or RIA's, are saying that the investment landscape has changed quite a bit in the last few years. Michael Bradley, who heads Bradley Wealth Management, in San Diego, California, says that the mindset of his clients has changed in recent years to a more "back to basics" way of thinking, after the technology meltdown in the early 2000's and recent recession.
To that end, people are taking more time do their homework, explains Bradley, and are looking for alternative strategies to augment a portfolio through growth or income. Across the board, "people are being much more cautious about how they deploy cash," and as such, are looking at entire spectrum of choices, Bradley adds.
In working with many high net-worth investors in Bradley's firm, they are looking for new ideas and strategies. From the investment banking side, it's requiring them to look farther for things that can bring income or growth to a portfolio in a different way. Some examples would be oil and gas, where there could be a depreciation or reduction, real estate, providing growth on the back-end, or a limited partnership, just to name a few.
Statistically, the alternative market segment is growing rapidly and Bradley attributes this to the fact that people aren't happy with the stock market. For the credit net-worth clients, who are the core of Bradley Wealth Management, their RIA's are "seeking different ways of deploying capital than ever before," Bradley says.
Michael Bradley is the Founder and CEO of Bradley Wealth Management. He spoke with Alternative Investing News, providing online alternative investing video news content. Alternative Investing News is a featured network of Sequence Media Group. This video was brought to you by Vantage Self-Directed Retirement Plans.