Above political, economic, technological and business challenges, more than 59 percent of fund selectors from U.S. wealth management firms point to high valuations and inflation as their major concerns in 2025, according to a survey from Natixis Investment Managers.
Despite geopolitical uncertainty, advisers are looking to add alternative investments to their offerings. Wealth managers reported their plan to increase their allocations to private assets from 12.8 percent to 14.5 percent this year. More than half also reported adding private credit and private equity options. While 75 percent of wealth managers already include private market assets in their portfolios, many of them are still concerned about liquidity.
U.S. fund gatekeepers estimate a 17.6 percent average growth in 2025 for assets under management. To achieve this, a large percent of wealth managers cited the need to move clients beyond cash and expand their offerings.
The majority of survey respon
