Taking Advantage of Tolerance for Illiquidity
SCS Financial, Focus Partners’ family office and OCIO, might have a bit more leeway to invest in high-risk, high-reward strategies than some other RIAs. The Boston-based firm has $33 billion in assets under management, and most of its 212 clients have $100 million or more in net worth. As such, they have a higher tolerance for private market exposure and for waiting a bit to get their money back.
WealthManagement.com recently spoke to Lane MacDonald, CIO of SCS Financial, about how the firm structures its model portfolios, why it prefers to work with emerging asset managers rather than the big names and where in private markets it anticipates the greatest opportunities for investment.
This Q&A has been edited for length, style and…
