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Stock impact report

The onus is on advisory firms to support private market investments [Investment Executive - News]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Few industry participants would argue that the growing popularity of private market investments doesn’t require more careful due diligence on the part of financial advisors. But the sophisticated nature of the asset class — once the domain of institutional and other sophisticated investors — is such that it is unreasonable for advisors to carry that added responsibility on their own. Advisory firms have a role to play here that deserves more discussion than it’s getting. “The dealer has a responsibility to make sure advisors have the right knowledge, education and training,” said Theresa Shutt, chief investment officer at Harbourfront Wealth Management, in an interview on Friday. “Dealers should build that expertise in-house, so that investment advisors can focus on what they do really well, which is serve their clients.” Shutt’s firm offers three funds of funds in the private market category — focused on private debt, private equity and private real estate. Each offers access to mu Show less Read more
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