December 01, 2014
Michael D'Addio, Tax & Business Services Principal, Quoted in Private Asset Management Article, "Raising the Stakes."
Wealth advisors need to become more comfortable in the private investment space, the audience at PAM's latest breakfast briefing heard from a panel of four experts.
The panel also discussed the different mediums through which affluent investors were finding these prospects, and which kinds of companies they were interested in taking a stake in.
D'Addio said that he had noticed a lot of clients investing in the research and development space, while Jacobs said that business services was a popular arena for investors.
In terms of the means investors use to find the deals, D'Addio said he had witnessed groups of affluent families and individuals creating their own informal networks to search for private equity and direct investing opportunities in specific industries.
"For example, a group might want to find investments in the medical space," he said. "They'll speak to their close peers in this network, and try to find an investment match."