Asset managers outline calls to action for 'responsibly' broadening retail access to private markets

The move is part of a World Economic Forum initiative, which gathered a group of industry experts from JP Morgan, BNY Mellon, AXA, Partners Group, Lazard, Apollo and others, to examine how individual investors could gain greater access "in a responsible way". "Broadening access to private investments can have significant economic opportunities for suitable retail investors and for economies, when done responsibly," said Jessica Douieb, managing director at JP Morgan.  In a white paper, the experts noted that all stakeholders, including financial advisers and investors, would need to r...