Private Wealth
Private wealth covers the advisers, private banks and principals who invest for individuals and families. It asks different questions from an institution, and it asks them on behalf of a client.
Comment period on the SEC proposals
60 days
Areas the proposals cover
4
Source: US Securities and Exchange Commission, Press Release 2026-96, September 30, 2026. The proposals would widen individual access to private markets. They are not final rules. For information only, not legal advice.
Private wealth
Private wealth reaches a fund through an intermediary more often than directly.
Many private investors built a business, sold it and now invest the proceeds for their families. An adviser who recommends a fund to them carries that responsibility, and asks the questions the client will ask.
Access and minimums
Whether clients can invest, at what size, and whether a feeder or a lower minimum is available.
Liquidity and cost
When a client can get money back, and what the client pays at each platform or feeder layer.
Reporting and tax
Whether reporting and tax documents will arrive on time, in a form an adviser can pass straight to the client.