Money Stuff: The Podcast · Friday, August 14, 2026
The discussion touches upon the potential failure of communication regarding the liquidity of private credit products, with a focus on the role of brokers. It's suggested that sales commissions might have incentivized brokers to push these products, potentially without fully informing clients about the liquidity mismatch and risks.
“But I wonder where the failure of communication was, whether it was on the brokers, on the salespeople putting their clients in this, and because it does feel like there's some structural mismatch of liquidity expectations here when it comes to retail investors in these products.”
“Because the sales commissions were so large to draw people to want to sell it the private wealth, and that, you know that I think is a scandal. I think it'd be nice if the clients know expost, what their trusted advisor was paid for putting them into this thing.”