DEO's Growth Secrets Podcast for Dental Organizations 244: Why Outdated Financial Advice Is Failing Dental Practice Owners
Oct 7, 2025
In this engaging discussion, Richard Del Monte, a seasoned partner advisor at Allworth Financial with over 35 years of experience, shares eye-opening insights for dental practice owners. He argues that traditional financial strategies are outdated and reveals how the 60-40 portfolio approach fails to maximize wealth. Richard delves into alternative investments, including private assets, and discusses the benefits of direct indexing and advanced tax strategies. He warns against common investing pitfalls and emphasizes the importance of finding a holistic financial advisor.
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60-40 Origin Is Outdated
- The 60-40 portfolio stems from Modern Portfolio Theory developed in 1952 and is now dated.
- Richard Del Monte argues innovations since then make the 60-40 approach suboptimal for many investors.
Public Markets Are A Small Slice
- Public markets represent only ~14% of global companies while ~85% remain private.
- Del Monte highlights private assets as a large, under-accessed opportunity for individual investors.
Cap Private Asset Allocation
- Limit allocations to private assets because they are less liquid and can restrict withdrawals.
- Del Monte recommends capping private investments around ~25% of equity holdings.