Alternative Universe Building Wealth and High-Net-Worth Connections with Matt Shechtman
Episode 005: Alternative assets offer unique opportunities for investors seeking diversification and potentially higher returns. Communities like Long Angle provide a platform for high-net-worth individuals and families to explore alternative investments and connect with like-minded peers. By leveraging referrals, conducting thorough due diligence, and staying informed about emerging trends, investors and financial advisors can capitalize on the opportunities presented by alternative investments.
In this episode of Alternative Universe, Steve talks with Matt Shechtman, Managing Director at Long Angle. In his role, Matt manages deal flow and investment strategy for high-net-worth individuals looking to navigate finances, planning, and investments. He manages alternative investing for the group, including sourcing, diligence, execution, and closing.
Matt talks about building wealth, relationships, and connections through Long Angle, a community for high-net-worth individuals and families engaged in alternative investments. He discusses the value of alternative investments and the interconnectedness of different investment classes. Matt also explains how Long Angle invests in highly curated alternative assets through single-fund vehicles, allowing members to opt in on a deal-by-deal basis.
Join us as we discuss:
- [01:22] - An overview of Long Angle and its role for high-net-worth individuals.
- [02:54] - The vehicle Long Angle uses to pool its partner's money.
- [03:44] - How to become a member of Long Angle.
- [05:46] - How Long Angle and RIAs work.
- [07:45] - Matt's background and journey to Long Angle.
- [11:05] - The launch of Long Angle and how it achieves tremendous growth.
- [14:34] - What attracts people to Long Angle.
- [20:09] - The asset class Matt is most excited about.
- [24:56] - Matt's entrepreneurial experiences.
- [28:29] - Key takeaways from the conversation.
Key Takeaways
- Alternative assets can be hard but rewarding.
- Alternative investments can provide long-term compounded tax advantage growth.
- Long Angle focuses on alternative assets and provides access to institutional-level managers across various asset classes.
- Search funds, which focus on micro-cap private equity, offer attractive returns and scalability.
- GP stakes can be a great real estate replacement, providing immediate income and the ability to invest in private managers on a minority basis.
Quotes
"There's a lot of value in having a bunch of different data points against industries, backgrounds, sectors and experience, and then providing the ability to benchmark, learn, and then network." ~ Matt Shechtman
"Alternative assets can be hard but really rewarding. If you spend the work doing it and understand your asset classes and investing methodology, there's real alpha to be had." ~ Matt Shechtman
"When it comes to long-term compounded tax advantage growth, some of these illiquid private market/private equity options are super attractive." ~ Matt Shechtman
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Disclosure
All content on this podcast is for informational purposes of a general nature only, and does not address any particular individual or investment. Nothing in this podcast constitutes accounting, legal, tax, financial or other professional advice. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the podcast participants may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. Please seek independent advice from a financial professional about your investment needs.