#alternative-investments

#alternative-investments

When it comes to finance, Palm Beach has long been a playground for billionaires, investors, and family offices. In the middle of this evolving landscape is Eric McNeil, a fund manager whose innovative approach is redefining wealth and influence. Through The Onyx Reserve and his exclusive Onyx House, McNeil has positioned himself as one of the most powerful figures in the intersection of finance, culture, and lifestyle.

On August 7, 2025, U.S. President Donald Trump signed an executive order titled "Democratizing Access to Alternative Assets for 401(K) Investors." Trump's executive order defines alternative assets in a very broad manner to include private equity and private credit, real estate, commodities, and cryptocurrencies. At any rate, with nearly $9 trillion being currently held in 401(K) plans, this executive order represents a historic shift that could potentially reshape how people save for retirement and have indeed major effects on the economy.

Trump's executive order allows 401(k) holders to invest in alternative assets like private equity, cryptocurrency, and real estate, potentially diversifying retirement savings.

Trump's new executive order will direct the Department of Labor to reevaluate existing rule interpretations and propose regulatory changes for retirement fund investments into alternative assets.

Diversifying your portfolio with luxury assets can add glamour and enhance overall value, but thorough research is essential to understand the risks involved.