During his 34 years as a financial advisor, Ed Moldaver has seen both his profession and financial markets evolve. Today, another transformation is under way, he says. Wealthy clients increasingly expect family office-style services from their advisors. And advisors are now incorporating more alternative investments into client portfolios, in part because public markets have become much more efficient, Moldaver says. “Some of the best managers have not been outperforming,” he says. “But that club still exists in the private market. If you can get access to the right type of investments for your clients, there will be…
