Rethinking Portfolio Diversification with Phil Huber

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/