Investor appetite for higher returns and more mainstream acceptance have led to a wider presence of alternative investments in client portfolios at many brokerages. Lower capital minimums and shorter lockup periods also are contributing. "Clients who are seeking the diversification that comes from alternative investments can invest in them and maintain liquidity," said Andy Sieg, head of global wealth and retirement solutions at Merrill Lynch. "It broadens the set of clients for whom these are appropriate."
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