For some clients, asset classes outside of mutual funds, ETFs, and fixed income may be appropriate. Alternative investments may complete the final piece of the portfolio and can play an important part in achieving returns and diversifying risk. Ironclad utilizes its investment partners in real estate, hedge funds, venture capital and private equity. Allocations to real estate are determined by current state of the market and investments available to us via debt or equity. Investments in alternative investment asset classes may have expectations such as capital requirements and liquidity.