Speaking of Alternatives …Let's Talk Alternatives in Global Wealth with Stuart Parker and Dominick Carlino
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Sep 16, 2025 Stuart Parker, Head of Global Wealth at PGIM, and Dominick Carlino, Global Head of Alternative Investments at PGIM, discuss the rapid growth of alternative investments in private wealth. They highlight how democratizing access to private markets is reshaping investment strategies. Education plays a vital role in integrating alternatives into portfolios, ensuring that wealth managers can adapt to evolving client needs. Additionally, innovation in product offerings is making alternatives more attractive, heralding a new era for high-net-worth investors.
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Wealth Will Drive Alternatives Growth
- Private wealth is poised to drive the next wave of alternatives growth as assets shift into private markets.
- Stuart Parker sees product wrappers and institutional capabilities flowing into high-net-worth channels to meet demand.
From Institutional Roots To Wealth Wrappers
- Stuart described his career path from Citigroup Asset Management to building third-party distribution at Prudential.
- He explained bringing institutional capabilities into wrappers for high-net-worth clients and now doing the same with alternatives.
Career Shift Into Alternatives Distribution
- Dominick recounted his shift from investment banking to distributing alternatives at Morgan Stanley and Merrill Lynch.
- He described bringing those distribution skills to PGIM to open institutional alternatives to wealth clients.