In this episode of Money & Meaning, host Jeff Bernier welcomes Phil Huber, Managing Director and Head of Portfolio Solutions at Cliffwater. Phil is also the author of The Allocator’s Edge, a modern guide to alternative investments and portfolio diversification. They discuss the evolving role of alternative investments, the challenges facing traditional 60/40 portfolios, and how private markets and new fund structures are reshaping opportunities for financial advisors and individual investors. This episode is essential listening for those looking to build more resilient, well-diversified investment strategies.


Topics covered:

Phil Huber’s background and career journey in wealth management and alternative investing
The definition and misconceptions of alternative investments
The rise of private credit, private equity, and interval funds
Why liquidity matters and how it impacts returns
Challenges of the traditional 60/40 portfolio in today’s market environment
The role of private markets in retirement income planning
How rising bond yields affect portfolio allocation decisions
Key considerations for investors exploring alternative investments



Useful Links:

Jeff Bernier on LinkedIn: https://www.linkedin.com/posts/jeffberniercfp_the-money-and-meaning-show-activity-7202103509700227072-h0Qn/
Phil Huber on LinkedIn: https://www.linkedin.com/in/phil-huber
Cliffwater: https://www.cliffwater.com/
TandemGrowth Financial Advisors: https://www.tandemgrowth.com/

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