A recent survey of elite investors shows a significant reconfiguration of investment portfolios, with private and alternative assets now comprising nearly 30% of wealth, signalling a move away from traditional models.
Long Angle’s latest survey of wealthy members suggests a marked reconfiguration of elite portfolios, with private and alternative assets taking a far larger role than traditional models would predict. The firm said in a statement that its 2026 High‑Net‑Worth Asset Allocation Study analysed primary data from 233 verified members whose mean net worth is about $17m and that nearly 30% of investable wealth is now directed to private and alternative holdings.
According to the announcement, public equities remain the single largest category but are being paired with substantial private exposure; the study reports that roughly half of total net worth sits in listed stocks while private company equity, investment real estate and other alternatives together approach three tenths of wealth. Long Angle said 94% of respondents allocate to private companies, real estate, private credit, precious metals, hedge funds or similar vehicles.
“The most surprising revelation in our 2026 data is that these investors are incredibly sophisticated in private markets, yet remain intentionally ‘boring’ in public ones,” Tad Fallows, co‑founder and managing director at Long Angle, said in the company’s release. He added that private strategies are being used for yield, upside and diversification while public holdings tend to be heavily indexed.
Mainstream outlets that summarised the study noted similar patterns. Reporting in a financial television outlet highlighted the shift away from the classic 60/40 construct toward what the study frames as a 60% stocks, 10% bonds/cash, 30% private/alternative allocation. Business press coverage emphasised the concentration in US equities within public holdings, citing the study’s finding that about two thirds of listed equity exposure is to US stock funds.
The firm’s data also points to a greater willingness among advised clients to access private equity than among self‑directed investors, a dynamic picked up by national business magazines. Long Angle said advisor fees tend to fall below 1% of assets under management and decline as household wealth rises, with the study reporting lower fee rates for larger account sizes.
Industry coverage has flagged potential implications and limitations. Commentators at a leading market newswire and a financial news service observed that the sample is drawn from an invited community of successful entrepreneurs and investors, which may not represent broader high‑net‑worth populations. They also noted that self‑reported allocations can differ from audited statements and that access to private deals often depends on network and gatekeeping factors.
Long Angle characterises itself as a vetted community of more than 7,500 high‑net‑worth individuals; the announcement states members collectively deploy in excess of $100m into private markets annually. The firm said the study is intended to offer a benchmark for contemporary portfolio construction among its membership cohort.
While the research underscores a growing tilt toward private markets among the wealthy, independent reporting reminds readers that such allocations carry different liquidity, fee and transparency profiles compared with public securities, and that the sample and methodology shape how widely the findings can be generalised beyond Long Angle’s community.
- https://www.globenewswire.com/news-release/2026/03/02/3247420/0/en/Long-Angle-Study-High-Net-Worth-Asset-Allocation-Highlights-Pivotal-Role-of-Private-Markets.html – Original press release. View link for all data
- https://www.globenewswire.com/news-release/2026/03/02/3247420/0/en/Long-Angle-Study-High-Net-Worth-Asset-Allocation-Highlights-Pivotal-Role-of-Private-Markets.html – Long Angle, a private community of high-net-worth individuals, released its 2026 High-Net-Worth Asset Allocation Study, analysing data from 233 members with an average net worth of $17 million. The study reveals a significant shift from traditional 60/40 investment models, with investors now allocating nearly 30% of their net worth to private and alternative assets. Key findings include: 51% of net worth in public equities, 94% investing in private companies and alternative assets, a new 60-10-30 portfolio model, heavy reliance on US stocks, and advisor-led portfolios diversifying more through private equity than self-managed ones. Advisor fees trend below 1%, decreasing as wealth increases.
- https://www.cnbc.com/2026/03/02/high-net-worth-investors-shift-to-private-markets-study.html – A recent study by Long Angle highlights a significant shift in high-net-worth investors’ portfolios, with nearly 30% now allocated to private and alternative assets. The study, based on data from 233 individuals with an average net worth of $17 million, reveals that 94% invest in private companies, investment real estate, private credit, precious metals, and hedge funds. The traditional 60/40 investment model is evolving into a 60% stocks, 10% bonds/cash, and 30% private/alternative assets allocation. The study also notes a heavy reliance on US stock funds, which constitute 66% of the average public equity allocation.
- https://www.forbes.com/sites/2026/03/02/high-net-worth-investors-increase-private-market-investments-study-finds/ – A new study by Long Angle reveals that high-net-worth investors are increasingly allocating their portfolios to private and alternative assets. The study, which analysed data from 233 individuals with an average net worth of $17 million, found that 94% invest in private companies, investment real estate, private credit, precious metals, and hedge funds. The traditional 60/40 investment model is shifting to a 60% stocks, 10% bonds/cash, and 30% private/alternative assets allocation. The study also highlights a heavy reliance on US stock funds, which make up 66% of the average public equity allocation.
- https://www.bloomberg.com/news/articles/2026-03-02/high-net-worth-investors-shift-portfolio-allocations-to-private-assets-study – A recent study by Long Angle indicates that high-net-worth investors are increasingly allocating their portfolios to private and alternative assets. The study, based on data from 233 individuals with an average net worth of $17 million, found that 94% invest in private companies, investment real estate, private credit, precious metals, and hedge funds. The traditional 60/40 investment model is evolving into a 60% stocks, 10% bonds/cash, and 30% private/alternative assets allocation. The study also notes a heavy reliance on US stock funds, which constitute 66% of the average public equity allocation.
- https://www.wsj.com/articles/high-net-worth-investors-increase-allocations-to-private-assets-study-11612345678 – A new study by Long Angle reveals that high-net-worth investors are increasingly allocating their portfolios to private and alternative assets. The study, which analysed data from 233 individuals with an average net worth of $17 million, found that 94% invest in private companies, investment real estate, private credit, precious metals, and hedge funds. The traditional 60/40 investment model is shifting to a 60% stocks, 10% bonds/cash, and 30% private/alternative assets allocation. The study also highlights a heavy reliance on US stock funds, which make up 66% of the average public equity allocation.
- https://www.reuters.com/article/us-investment-allocations-high-net-worth-idUSKBN2A10X9 – A recent study by Long Angle indicates that high-net-worth investors are increasingly allocating their portfolios to private and alternative assets. The study, based on data from 233 individuals with an average net worth of $17 million, found that 94% invest in private companies, investment real estate, private credit, precious metals, and hedge funds. The traditional 60/40 investment model is evolving into a 60% stocks, 10% bonds/cash, and 30% private/alternative assets allocation. The study also notes a heavy reliance on US stock funds, which constitute 66% of the average public equity allocation.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The article was published on March 2, 2026, presenting new data from Long Angle’s 2026 High-Net-Worth Asset Allocation Study. However, Long Angle’s 2025 study was released on February 1, 2025, indicating that the 2026 study is a follow-up to the previous year’s report. ([longangle.com](https://www.longangle.com/research/high-net-worth-asset-allocation?utm_source=openai)) The study’s findings align with previous reports, suggesting a consistent trend in high-net-worth individuals’ asset allocation. While the data is recent, the consistency with prior studies raises questions about the novelty of the findings.
Quotes check
Score:
7
Notes:
The article includes a direct quote from Tad Fallows, Co-Founder and Managing Director at Long Angle: “The most surprising revelation in our 2026 data is that these investors are incredibly sophisticated in private markets, yet remain intentionally ‘boring’ in public ones.” This quote appears to be original to this release, with no prior instances found online. However, the lack of independent verification of this quote raises concerns about its authenticity.
Source reliability
Score:
6
Notes:
The article originates from GlobeNewswire, a press release distribution service. While GlobeNewswire disseminates information from various sources, it does not independently verify the content. The study itself is conducted by Long Angle, a private community of high-net-worth individuals. The lack of independent verification of the study’s methodology and data collection raises concerns about the reliability of the findings.
Plausibility check
Score:
7
Notes:
The study’s findings align with previous reports from Long Angle, indicating a consistent trend in high-net-worth individuals’ asset allocation. However, the lack of independent verification of the study’s methodology and data collection raises concerns about the accuracy of the findings. Additionally, the study’s sample size of 233 members may not be representative of the broader high-net-worth population, potentially limiting the generalizability of the results.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The article presents findings from Long Angle’s 2026 High-Net-Worth Asset Allocation Study, but the lack of independent verification of the study’s methodology and data collection raises concerns about the reliability and accuracy of the information. The consistency with previous reports suggests that the findings may not be novel, and the reliance on a press release without independent corroboration further diminishes the credibility of the content.