The Money and Meaning Show

Rethinking Portfolio Diversification with Phil Huber

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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/
      • ...more
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