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Robert Kiyosaki Blasts Mutual Funds and ETFs as 'For Losers,' Backs Trump's XO for Alternative Investments
Yahoo Finance· 2025-09-20 18:24
Core Insights - Robert Kiyosaki supports President Trump's executive order aimed at democratizing access to alternative investments for 401k investors [1][2] - Kiyosaki criticizes mutual funds and ETFs, advocating for alternative investments like real estate, private equity, crypto, and precious metals under 401k [2][3] - The executive order is expected to enhance financial literacy and encourage investors to be more informed about their investment choices [3] Group 1 - Kiyosaki believes the executive order will open opportunities for "smarter" investors to diversify their portfolios with alternative investments [2][3] - He emphasizes the importance of understanding these investments, suggesting that those unwilling to learn should stick to traditional options [3] - Kiyosaki expresses satisfaction that the order treats investors maturely and positively impacts the value of his investments in gold, silver, and Bitcoin [4]
StepStone Private Wealth Solutions doubles AUM, exceeding $10 billion after adding $5 billion in under one year
Globenewswire· 2025-08-21 12:05
Core Insights - StepStone Private Wealth Solutions (SPWS) has achieved significant growth, reaching $10.2 billion in assets under management as of July 31, 2025, positioning itself as a key player in private markets investment [1][2][3] Company Overview - StepStone Group is a global private markets investment firm managing approximately $723 billion in total capital, including $199 billion in assets under management as of June 30, 2025 [6] - The firm serves a diverse clientele, including large pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals [6] Growth Drivers - The growth of SPWS is attributed to increased allocations to private market assets, particularly through evergreen and semi-liquid structures, with investments from private banks, wealth managers, and family offices [2][3] - Engagement from Registered Investment Advisors (RIAs) and strategic partnerships with financial intermediaries have been crucial in driving investments across SPWS's product offerings, which include private equity, venture capital, private debt, and infrastructure [2][3] Strategic Initiatives - SPWS is enhancing investor access by lowering investment minimums and eliminating accredited investor status for several wealth products in the US [4][7] - The firm has partnered with Goji to improve access to its global private market evergreen funds, including the SCRED ELTIF and UCI Part II structure [4][7] - StepStone Academy is expanding to provide on-demand continuing education credits for financial professionals, offering resources to enhance understanding of private markets [5][7] Market Positioning - StepStone differentiates itself through its proprietary intelligence platform (SPI by StepStone) and extensive relationships with leading deal sponsors, enhancing its global reach with 29 offices [3][6] - The firm aims to address legacy barriers in private market investments, providing simplified and transparent structures for investors [3][4]