Uncharted Territory: Why the 60/40 Portfolio No Longer Holds

Private Markets investments in the 50/30/20 portfolio allocation

We’re in uncharted territory. Stubborn inflation, interest rate uncertainty, and market volatility have now been compounded by tariff policy that is shaking investor confidence and putting new pressure on traditional portfolio strategies.

The result? A growing realization that the old rules no longer apply.

Against this backdrop, BlackRock CEO Larry Fink’s annual Chairman’s Letter has made waves across the financial world. He calls for a departure from the long-standing 60/40 portfolio allocation of stocks and bonds, and increased access to alternatives, creating a more resilient model: the 50/30/20 portfolio, which includes private market investments such as private credit, infrastructure, and real estate.

“Everyday Americans should be able to invest in private credit, infrastructure, and real estate alongside stocks and bonds,” Fink writes. “This can improve returns, reduce volatility, and enhance diversification.”

This isn’t just a theoretical shift. It’s a call to action – and at Templum, we’re already helping firms answer it.

The New Portfolio Reality: Private Markets at the Core

Fink’s message comes at a moment when advisors, platforms, and wealth managers are already pivoting to include private markets as essential components of client portfolios. Recent surveys from Blackstone and Hamilton Lane show an overwhelming number of advisors plan to increase allocations to private assets this year – many targeting 10–20% or more.

Private markets offer what public markets increasingly can’t: stability, income, and diversification in the face of volatility. But access and infrastructure have historically held firms and investors back from being able to participate.

Templum: Enabling the 50/30/20 Portfolio of the Future

That’s where Templum steps in. Our Templum One private markets ecosystem and Templum-as-a-Service offerings provide the digital infrastructure firms need to offer self-directed clients and advisors exposure to institutional-quality opportunities – without the operational complexity or barriers of the past.

We’re powering the market with partnerships like our collaboration with SoFi, bringing private markets to a new generation of investors. Through our ecosystem, firms can efficiently access, manage, and trade private investments – transforming what was once illiquid and inaccessible into a scalable, streamlined experience akin to public markets.

A Structural Shift That Demands Action

We are entering a new era of investing — one that requires diversified, forward-thinking portfolio construction. The headlines of today underscore the urgency to act.

Templum is here to support firms at every stage of that evolution — making it possible to navigate market dislocation with strength, transparency, and access to a broader opportunity set.

Discover how Templum can power your transition to the 50/30/20 portfolio at www.templuminc.com.