New tech is lowering the price of entry in fields like direct indexing and private markets.
Private markets face steeper hurdles.
Parametric recently launched an offering that allows customers to pick equities off strategies from the financial-advisory and asset-management firm Lazard.
If BlackRock successfully indexes private markets, it could go a long way toward boosting that percentage.
However, Sinclair said more work is required to help mass affluent investors feel comfortable investing in private markets.
Persons:
Ranjit Kapila, Larry Fink, Leon Sinclair, Sinclair, —, Kapila, Morgan Stanley, Aperio, Envestnet, Lazard, Joe Bloggs
Organizations:
BlackRock, Franklin, Industry, Fidelity