Beyond Public Markets: Navigating Wealth Management's New Frontier

Welcome to the Allocate Podcast, an interview and educational content series to help investors learn and navigate investing in alternatives. Join us to hear from leading founders, fund managers, and allocators on the latest trends and the keys to successfully participating in the private markets.

In this episode of the Allocate Podcast, host Samir Kaji welcomes John McArthur, Senior Partner and Chief Investment Officer of Krilogy. Samir and John discuss the evolving landscape of private markets and wealth management. John talks about his journey from traditional wirehouse firms to the independent space with Krilogy, highlighting the shift towards private market investments. Key topics include the competitive landscape for wealth advisors, the importance of private market exposure, the operational challenges these investments present, the role of technology in enhancing operational efficiency, future trends driven by changing demographics and client expectations, and so much more.

About John M. McArthur

John M. McArthur is the Senior Partner and Chief Investment Officer at Krilogy, a St. Louis-based financial services firm. He began his career with a six-year tenure at A.G. Edwards & Sons in Frontenac, Missouri, followed by over five years at Morgan Stanley Smith Barney in Chesterfield, Missouri. While with Transamerica in Los Angeles, he received a Personal Financial Planning designation from UCLA. In 2016, John earned the Certified Investment Management Analyst® (CIMA®) certification through the Investments & Wealth Institute, completing his studies at the MIT Sloan Executive Education Program.

At Krilogy, John leads the Investment Committee and collaborates with teammates Jacob Steingrubey, CFP®, and Robin Grayek to provide personalized wealth management solutions. He is committed to delivering an institutional style of portfolio construction and management to the families they serve.

John's dedication to excellence has been recognized by St. Louis Magazine, which has named him a 5-Star Wealth Manager on eight separate occasions.

Beyond his professional achievements, John values tradition and leadership. He was an Academic All-American quarterback at the University of Missouri, playing alongside Krilogy Founder and Partner Kent Skornia, and later continued his athletic and academic pursuits at Northwestern University.

Krilogy is a St. Louis-based wealth management firm dedicated to helping individuals, families, and businesses achieve their financial goals through comprehensive financial planning, investment management, and retirement solutions. The firm emphasizes a client-first approach, combining personalized strategies with institutional-level portfolio management. Krilogy’s team of advisors leverages advanced technology, market expertise, and a disciplined investment philosophy to deliver tailored financial solutions that align with each client’s unique needs. With a strong focus on growth, leadership, and innovation, Krilogy empowers clients to build and protect their wealth for the long term.

Timestamps:

Topics in this conversation include:

* John’s Background in Wealth Management (1:15)

* Shift from Wirehouse to Independence (3:05)

* Evolution of Wealth Management (6:00)

* Challenges of Offering Private Markets (10:00)

* Krilogy's Evolution in Private Markets (14:43)

* Advisor Fatigue with Investment Opportunities (17:55)

* Behavioral Advantages of Illiquidity (21:33)

* Customizing Portfolios for Clients (25:35)

* Impact of AI on Wealth Management (30:21)

* Future Challenges in Wealth Management (32:10)

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