{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Building Portfolios That Never Say Sorry with Kinsted's Brent Smith","description":"In this illuminating episode of Insight is Capital, host Pierre Daillie sits down with Brent Smith, CIO of Kinsted Wealth, for a deep dive into how private investors can now build truly institutional-style portfolios. Smith\u2014who spent decades leading Franklin Templeton\u2019s Multi-Asset Strategies group before co-founding Kinsted\u2014shares a masterclass on the evolution from the 60\/40 portfolio to a comprehensively diversified portfolio structure that mirrors the strategies of pension funds and endowments. This is a conversation about rethinking diversification, embracing patient capital, and building the kind of portfolio resilience engendered by institutional and private wealth management. Smith unpacks how Kinsted\u2019s approach to portfolio design, liquidity, and alpha generation is quietly transforming how advisors and their clients think about wealth, access, and opportunity. \ud83d\udca1 3 Key Takeaways From 60\/40 to Institutional Thinking \u201cIf you really want a true institutional-style diversified portfolio, you have to embrace the private markets.\u201d Smith explains how Kinsted rebuilt its platform around public, private, and alternative assets to reflect how pensions like CPP and endowments like Yale invest. The Power of Patient Capital Smith calls it \u201cthe patience dividend.\u201d Investing in drawdown funds like Brookfield\u2019s Global Transition Fund requires long-term commitment\u2014but it\u2019s how institutions extract real value. \u201cYou require a lot of patience when you\u2019re investing in private assets,\u201d he says. \u201cUltimately, it\u2019s going to come.\u201d Portable Alpha for Private Wealth Through a bespoke partnership with Morgan Stanley, Kinsted built a multi-strategy hedge fund platform inside its global equity pool\u2014targeting MSCI World +4\u20136% returns with near-zero beta. \u201cEveryone\u2019s doing this in the institutional space,\u201d Smith notes, \u201cjust not in the high-net-worth space.\u201d \ud83d\udccd Timestamped Chapters 00:00 \u2013 Introduction: From democratization to institutionalization of investing 02:30 \u2013 Brent Smith\u2019s career journey: From Franklin Templeton to Kinsted Wealth 05:00 \u2013 The behavior gap in diversification and the problem with FOMO 08:00 \u2013 Re-engineering 60\/40: The 50\/30\/20 evolution 11:00 \u2013 Why private markets are the next frontier 15:00 \u2013 How Kinsted built access to institutional-grade assets 20:00 \u2013 The patience of private investing: Brookfield and beyond 25:00 \u2013 Private market myths and education gaps 33:00 \u2013 Data centers, energy transition, and thematic private investing 40:00 \u2013 The liquidity illusion: Long-term capital vs short-term fear 47:00 \u2013 The relationship premium: Access through trust and time 55:00 \u2013 Portable alpha and structural alpha explained 1:07:00 \u2013 Partnering with advisors: Building the next-gen private platform 1:11:00 \u2013 The future of advice: Proactive vs reactive 1:13:00 \u2013 Inflation, valuations, and the end of the Fed Put 1:17:00 \u2013 Closing thoughts: Patient capital and the pension mindset #InsightIsCapital#BrentSmith#KinstedWealth#PrivateMarkets#InstitutionalInvesting#PortfolioDiversification#Alternatives#PortableAlpha#PatientCapital#InvestmentStrategy#WealthManagement#AdvisorEducation#PensionStyleInvesting#PierreDaillie#FinancialAdvisors#GlobalMarkets#EndowmentModel#PrivateEquity#PrivateCredit#HNWInvesting ","author_name":"Insight is Capital\u2122 Podcast","author_url":"https:\/\/advisoranalyst.com\/insight-is-capital-podcast.html","html":"