Through conversations during the past year with investors and corporations across the Financial Services Spectrum a consistent thesis has emerged, centered on the idea of investing along the “Retirement Continuum”. For some investors, this can include allocating capital horizontally to each of its components to capture the entire “Continuum”. For others, it includes making concentrated vertical investments in one or two sectors. In this paper, we provide the historical context that has developed today’s Retirement Continuum. We begin with Baby Boomers, the advent of 401Ks, and the evolution of government policy. We also discuss the broader demographics impacting the retirement landscape. And importantly, we address the different ways that investors and companies are expressing their “view” through deploying capital in the space.
