Beyond 60/40 Ep. 54: Why It’s Still a Bull Market for Advice

Beyond 60/40 Ep. 54: Why It’s Still a Bull Market for Advice

The wealth management industry is undergoing rapid change—from advisor‑led M&A and rising investor interest to the growing role of technology and AI. In this episode of Beyond 60/40, Sonali Basak, iCapital’s Chief Investment Strategist, sits down with Shirl Penney, CEO and Founder of Dynasty Financial Partners, to discuss why it remains a bull market for advice, even amid market volatility. Shirl shares how Dynasty‑supported firms approach M&A differently, why valuations continue to rise, and what buyers are prioritizing as they become more selective.  The conversation also explores how AI and automation are reshaping wealth management, why human advisors remain essential, and how generational shifts in communication are influencing client engagement. Shirl explains why independence continues to accelerate across the industry—and why large, complex advisory teams increasingly see the independent model as the future.

Beyond 60/40 Ep. 53: How AI Is Redefining Software Growth

Agentic AI is ushering in the next major evolution of software—and private markets are moving quickly to adapt. In this episode of Beyond 60/40, Sonali Basak, iCapital’s Chief Investment Strategist, is joined by Monti Saroya, Co-CEO of VistaOne and Senior Managing Director at Vista Private Equity. Monti shares why agentic AI represents a step-change in software economics, how it removes traditional SaaS growth constraints, and why private companies may be best positioned to lead this transformation. The conversation explores how usage-based AI models are reshaping competitive advantage, why enterprise AI must be highly accurate and human-supervised in regulated industries, and how Vista is helping portfolio companies transition to AI native businesses. Monti also discusses take-private opportunities in software, infrastructure challenges around compute and data centers, and why he believes AI will ultimately boost productivity, GDP, and outcomes for society.

Beyond 60/40 Ep. 52: Geopolitics at a Tipping Point

Admiral James Stavridis, Vice Chair of Global Affairs at Carlyle and former NATO Supreme Allied Commander, is back on Beyond 60/40 to discuss geopolitics. He unpacks today's most pressing global risks—from escalating conflict in the Middle East and Ukraine to the rise of drone warfare, nuclear proliferation, and more—with iCapital's Chief Investment Strategist, Sonali Basak. The conversation explores what investors should watch now, where defense and technology are heading, and why geopolitics remains a critical input to long-term portfolio construction.

Beyond 60/40 Ep. 51: Private Credit Myths, Defaults, and Liquidity Reality

In Episode 51 of Beyond 60/40, iCapital Chief Investment Strategist Sonali Basak sits down with Sam Williams, Managing Director and Portfolio Manager at iCapital, to unpack what’s really happening in private credit. They explore why credit quality remains resilient despite heightened scrutiny, how defaults differ across market segments, and why losses—not headlines—are the metric that matters. The conversation also breaks down the role of PIK (Payment-in-Kind) loans, when they signal flexibility versus stress, and how managers are navigating elevated redemption activity without sacrificing portfolio stability. With redemptions expected to remain elevated through 2026, learn why liquidity management, portfolio construction, and manager selection matter more than ever.

Beyond 60/40 Ep. 50: How Advisors Navigate Alts, Tech, & Market Volatility

In Episode 50 of Beyond 60/40, host Sonali Basak, iCapital’s Chief Investment Strategist, sits down with Anshul Sharma, Chief Investment Officer at Savvy Wealth, to explore how advisors are navigating today’s market environment. They discuss the breakdown of the traditional 60/40 portfolio, the accelerating shift toward alternatives, and how private markets, structured investments, and defined outcome solutions are reshaping portfolio construction. Anshul also breaks down common misconceptions around liquidity, how semi-liquid structures fit into a modern allocation, and why technology is becoming essential for advisor efficiency—saving teams 15–20 hours per week by streamlining compliance, trading, and monitoring. Finally, they examine the growing role of AI in powering insights and elevating the client experience. Watch on YouTube: https://bit.ly/4rJEMGV