The changes needed to make private assets accessible to your 401(k), retirement plans

Wall Street is increasingly interested in bringing private assets to everyday investors. Financial services firm Empower, which oversees 1.8% trillion in 401k accounts for 19 million people, recently announced that it will offer private credit equity and real estate into some of its accounts later on this year. But there are certain issues tied to private assets and mainstream use.According to our very own Bob Pal, private assets can be complex and illquid, meaning they aren't easily bought or sold. These a ...