Core Themes in Wealth Management - Private markets have transitioned from niche to mainstream, with increased allocations to private credit, infrastructure, and sustainable assets driven by the need for enhanced yield and portfolio diversification in a changing interest rate environment [1][4] - There is a growing alignment between capital and purpose, with clients seeking investments that offer attractive financial returns alongside measurable social and environmental impacts, particularly in sustainable infrastructure and affordable housing [2][4] Evolving Client Demands - Client demand is increasingly focused on private and alternative assets, with a strong appetite for private credit, infrastructure, sustainable assets, real estate, and direct lending opportunities, making private markets core components of investment portfolios [4] - Clients are emphasizing investments that deliver both financial returns and positive social or environmental outcomes, particularly in the context of the transition to a low-carbon economy [4] Key Lessons for the Industry - Access and alignment are becoming more critical than product volume, as clients seek direct access, transparency, and the ability to tailor investments to their objectives, moving away from generic fund exposure [3] - The traditional distribution model is evolving towards origination-led approaches, where expertise and execution capability are key differentiators for providers [3]

Core Viewpoint - The article highlights three dividend stocks—Brookfield Infrastructure, Enterprise Products Partners, and Clearway Energy—that are considered reliable for generating steady income through dividends in the future [1][2]. Brookfield Infrastructure - Brookfield Infrastructure offers a dividend yield of approximately 4.4% for its corporate shares and 5.4% for its partnership shares, with a history of increasing distributions for 18 consecutive years [4][5]. - The company has a diversified portfolio of infrastructure assets, including utilities, railroads, and midstream assets, aiming for a 10% annual growth in funds from operations and a 5% to 9% increase in distributions [5][6]. - Brookfield actively manages its portfolio by acquiring undervalued assets, enhancing their value, and selling them at a profit, which has proven to be a successful strategy [6]. Enterprise Products Partners - Enterprise Products Partners boasts a solid 7% dividend yield and has increased its dividend for 27 consecutive years, demonstrating strong stability and growth [7][8]. - The company benefits from relatively stable cash flows due to long-term contracts in the pipeline sector, allowing it to prioritize reinvestment and shareholder returns [8][9]. - In the second quarter, Enterprise Products reported a 7% year-over-year growth in distributable cash flow (DCF) and a 3.8% increase in dividends, with DCF covering dividends by 1.6 times [9][10]. - Major projects worth $6 billion are expected to enhance cash flows, including expansions in the Permian Basin and acquisitions of natural gas-gathering systems [10][11]. Clearway Energy - Clearway Energy operates a diverse portfolio of clean energy assets, yielding nearly 6% and providing stable cash flow through long-term contracts [12][15]. - The company plans to invest in wind repowering projects and renewable energy developments, aiming for a cash available for dividends (CAFD) of at least $2.50 per share by 2027, up from $2.08 this year [14][15]. - Clearway anticipates annual dividend growth of 5% to 8% in the coming years, supported by its strategic partnerships and financial capacity for new investments [16][17].