Billy and Carmen Chung are co-founders of an insurance company. The couple founded Billy-Chung Insurance ("BCI"), a successful insurance company in Toronto, that posted $1B in revenue in 2019. The company is still private. On January 1st, 2020, Billy and Carmen sold 10% of their stake in the company for $200M. They still own 10% of the company. The couple would like to keep the 10% ownership in BCI. Billy is 52 and Carmen is 50. The couple has come to you for advice. In addition to the details above, the couple has the following: - - - $200 million invested in globally diversified public equity funds $100 million invested in globally diversified high-grade corporate bond funds A $10 million home in Toronto, Ontario A $15 million* mansion outside of Chicago (Michael Jordan's old mansion. Click here for a tour) While the couple wants to keep their 10% ownership of BCI, they want to know what amount of the rest of their capital that they should invest in alternative assets. Also, for the alternative asset portion of their portfolio, they want to know which specific funds or investments they should make. For their public equity and public fixed income exposure, they do NOT need your help looking for funds or other type of investments for these asset classes. You are allowed to increase or decrease their public holdings, but it will be in the same globally diversified funds.