…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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Public‑Private Continuum Creates Choices
- The public–private continuum lets investors pivot between liquidity profiles to capture illiquidity premia or tactical opportunities.
- Dominick described treating public and private exposures as relative-value choices across a continuum.
Embed Alternatives In Managed Retirement Solutions
- Embed private market exposure inside multi-asset or target-date suites rather than as standalone sleeves for retirement plans.
- Ensure investors understand liquidity and risk before inclusion in 401(k) offerings.
Early DC Real Estate Experience
- PGIM launched an early real estate fund for defined contribution plans in 2006 and has built long experience in DC alternatives.
- Dominick highlighted that DC alternatives remain underexposed at under 1% of plan assets today.
