Model Behavior returns with an in depth conversation between host Sonali Basak, Chief Investment Strategist at iCapital, and Steve Kaplan, Managing Director and Head of Customized Managed Account Solutions at J.P.Morgan Asset Management.

In this episode, Steve breaks down how alternatives are reshaping next generation model portfolios, evolving from mutual funds and ETFs into holistic structures integrating SMAs and private wealth alternatives. He explains the AID framework—Alpha (private equity), Income (private credit), and Diversification (real assets)—and how these components support specific investor goals.

Topics include:
• How private equity and private credit compare in returns and volatility
• Diversification and balancing risk by reallocating from high yield or equities
• The shift toward unified accounts for a streamlined client experience
• Liquidity trade-offs in private markets and how to educate investors
• Manager selection, dispersion, and aligning strategies to objectives
• Long-term benefits of illiquidity in uncertain markets

Watch to learn how alternatives are becoming a vital accelerant for model portfolio innovation.

In this episode of Model Behavior, Sonali Basak, iCapital’s Chief Investment Strategist, sits down with Alexandra Wilson-Elizondo, Global Co-Head and Co-CIO for Multi-Asset Solutions at Goldman Sachs. They explore how model portfolios are integrating private market investments alongside traditional assets to deliver greater diversification, customization, and institutional-quality strategies for individual investors.

Learn how evergreen and interval funds expand access to alternatives, why liquidity management matters, and how education empowers advisors and clients in a changing macro environment.

Watch now to understand the future of portfolio construction.

In this episode of Model Behavior, Kunal Shah, Managing Director at iCapital, explains why advisors are turning to research-driven model portfolios to simplify access to alternatives, outsource due diligence, and deliver diversified, outcome-oriented strategies. Learn how iCapital builds custom and scalable portfolios that integrate public and private assets—helping advisors meet client demand and optimize performance. Subscribe for more insights on portfolio innovation.