Welcome back to the latest episode of Alt Goes Mainstream. In today’s show, we bring you a conversation with a true trailblazer in the world of alternative investments and wealth management.
Our guest is Stephanie Drescher, a Partner and the Chief Client and Product Development Officer at Apollo. Stephanie plays a pivotal role on Apollo’s Leadership Team, overseeing the Client and Product Solutions Group, which includes their Global Wealth Management Solutions, Institutional Sales, and Global Product teams. She’s also deeply involved in Apollo’s strategic ventures in private markets, serving as a Board Observer at iCapital and as a Board Member at Vega.
If you’re eager to catch the full conversation, you can listen to this insightful episode on Apple Podcasts or Transistor.
Stephanie is leading Apollo’s global wealth initiative, which is a major focus for the firm. They’ve poured resources into educational efforts and established a dedicated team to partner with the wealth channel, aiming for a target of $150 billion from their global wealth business by 2029. Remarkably, under Stephanie’s guidance, the global wealth business is already surpassing the total capital raised in 2023 from the wealth channel.
Before joining Apollo in 2004, Stephanie honed her expertise at JP Morgan, where she spent a decade in their Alternative Investment Group.
Our conversation with Stephanie is a deep dive into scaling a business within the wealth channel. We covered critical topics such as:
- Distinguishing what is safe and what is risky.
- The nuances of asset allocation and portfolio construction for investors.
- How experiences with institutional investors shape approaches within the wealth channel.
- Building and scaling a wealth business from the ground up.
- The significance of brand building when engaging with the wealth channel.
Stephanie shared her journey passionately and provided invaluable insights into the intricacies of private markets and wealth management.
And if you’re curious about how Apollo tackles private markets or why private investments are increasingly essential, Stephanie breaks it down beautifully.
This episode is proudly brought to you by Ultimus Fund Solutions, a leading fund administrator catering to asset managers across private and public markets. As private markets become more mainstream, Ultimus provides the necessary infrastructure solutions and support. Their team of over 1,000 professionals manages a diverse portfolio of more than 450 clients and 1,800 funds, totaling $500 billion in assets under administration.
To discover more about Ultimus’ tech-powered services and solutions, visit ultimusfundsolutions.com or reach out to Gary Harris at [email protected].
A massive thank you to Ultimus for supporting the integration of alternative investments into the mainstream.
For a closer look into our discussion, here’s a snapshot of what’s in store throughout the episode:
- Introduction and Sponsor Message from Ultimus Fund Solutions
- Insights into Stephanie’s journey at Apollo and her previous experience at JP Morgan
- Strategies for engaging with wealth channels and working with institutional clients
- Discussion on educational initiatives at Apollo and the importance of transparency and brand building
- Delve into the shifting landscapes of public vs. private markets
- Examination of client-focused solutions and the evolving role of technology
Finally, a heartfelt thanks to Stephanie for sharing her expertise and perspectives on the ever-evolving landscape of private markets and wealth channels. Post-production for this episode was expertly handled by The Podcast Consultant.
