During the first quarter of 2024, the U.S. stock market picked up where it left off at the end of 2023, fueled by a blend of economic optimism, the expectation of interest rate cuts, and enthusiasm for the burgeoning opportunities in artificial intelligence.

Senior Wealth Advisor Scott McClatchey, CFP® outlines what families should expect when we develop a financial plan at Ballast Rock Private Wealth. Every family is different, and your true financial plan should have several elements that Scott details in this article.

Learn why other advisors are not talking about private market investing.

Wealth Management Executive Scott McClatchey, CFP®, Joins Ballast Rock Private Wealth as Senior Wealth Advisor. Mr. McClatchey is a seasoned wealth advisor who has been repeatedly awarded for the excellence of his work and will be based in Ballast Rock Private Wealth’s San Diego office.

Earlier this Spring, we wrote two articles about the tailwinds providing extremely attractive risk-adjusted returns in the private credit markets, especially direct lending. Since then, the financial environment has only improved for private credit lenders, and large financial institutions are now beginning to wholeheartedly recommend the strategy.

Learn why accredited investors should consider private assets for their portfolios.

Watch this video to learn why Ballast Rock Private Wealth was started.

Wealth Management Executive Jim Carroll Joins Ballast Rock Private Wealth as Senior Wealth Advisor and Portfolio Manager. Mr. Carroll, who will be based out of Ballast Rock’s Charleston office, will manage portfolios for high-net-worth families and individuals.

Private market investments are not passive investments. Because of how disruption and innovation affect our economy, active management of private market investments by advisors and family offices is critical to identify the innovative companies taking advantage of the opportunities caused by broad economic, environmental and social changes.

Given the current stress on the banking sector, we strongly feel that private credit funds, especially middle-market direct lending platforms, can potentially offer attractive investment opportunities for suitable investors.

Given the current stress on the banking sector, we strongly feel that private credit funds, especially middle-market direct lending platforms, can potentially offer attractive investment opportunities for suitable investors.

Last month, we highlighted how the interest rate environment and disruptions in the banking sector indicated that direct lending platforms are stepping into the void left by traditional banks as they deleverage their balance sheets and reduce their loan portfolios. As a result, we expect private credit funds to provide a solid source of income and deliver outsized risk-adjusted returns for their investors.