# Private Assets Coming to Your Portfolio > New SEC rules make private assets accessible to retail investors. - Title: Private Assets Coming to Your Portfolio · The Motley Fool - Summary: New SEC rules make private assets accessible to retail investors. SEC rules expand private assets access to retail investors through accredited investor… - Keywords: sec, private assets, retail investors, accredited investor, performance fee, 401k, private equity, private credit, investment advisor, stock market, finance, money - Source: The Motley Fool — https://fool.com/investing/2026/10/23/private-assets-are-coming-to-your-portfolio-be-ready - Author: Motley Fool Staff - Published: 2026-10-23T15:55:02+00:00 - Read time: 2 min - Topics: sec, private assets, retail investors, accredited investor, performance fee, 401k, private equity, private credit, investment advisor, stock market, finance, money ## Accenture Earnings Accenture shares rose 19% as they beat earnings expectations with revenue and earnings both exceeding forecasts. > They said fiscal 2027 came in also slightly higher than Wall Street expectations ## Accenture Performance Accenture reported 5% revenue growth year over year with operating margins at 15.8% and strong shareholder returns. > The operating margin did go up slightly year over year, so 15.8% operating margin ## Accenture Valuation Accenture stock trades at 14 times earnings, down from 30s two years ago, indicating a value opportunity. > They had dipped below 10 times expected earnings ## Private Assets Expansion SEC rules expand private assets access to retail investors through accredited investor criteria and performance fee adjustments. > There were three core SEC rules to make private assets available to everyone ## Accredited Investor Changes New rules allow professional licenses as a way to demonstrate competence for accredited investor status. > They want to look at some professional licenses as a way to show competence to be an accredited investor ## Performance Fee Adjustment SEC raised the upper limit of performance fees for registered investment advisors to 20%. > They have up the upper limit of a performance fee that a registered investment advisor can get, I think it's gone up to something like 20% ## Private Fund Flexibility New rules give private funds more flexibility for redemptions without quarterly restrictions. > Giving more flexibility to private funds, for redemptions related to not having to give out so many on a certain quarter ## AI Impact on Consulting AI is changing consulting business models with Accenture focusing on outcome-based fixed price projects. > 65% of new bookings came from outcome-based fixed price projects ## Investor Advice Retail investors should focus on solid 10-15% annual returns rather than early-stage private investments. > For the average investor, it isn't better to not have access to early-stage companies ## Portfolio Construction Investors should maintain a core portfolio of 20-30 stocks with 5-10% allocated to speculative assets. > If that is coming from perhaps Motley Fool literature, remember that is generalized advice ## Private Market Risks Private markets carry higher risks with less transparency and more complex term sheets than public markets. > You don't have all of the information that you have with a publicly traded company ## AI Investment Concerns AI adoption may reduce consulting hours and create new challenges for private market investments. > AI is changing so many things out there, and I'd say that Accenture's business, there are still some questions that remain unanswered ## Market Reaction Accenture's market reaction to earnings shows investor confidence despite modest growth projections. > They beat expectations. Expectations were dismal ## Private Market Growth Private markets are growing rapidly with SpaceX and OpenAI raising significant funds before going public. > We hear things now like series M funding rounds, 12, 13 private funding rounds ## Investor Caution Retail investors should be cautious about private market investments due to higher risks and less transparency. > I hate to be so cynical, but I just don't think it's going to be the non-whales that are getting the best deals here ## Future Outlook SEC rules aim to balance private market growth with retail investor accessibility and risk management. > The rules to me seem a lot like incenting Wall Street to go out of their way to bring retail investors to the fore ## Key takeaway SEC rules expand private assets access to retail investors through accredited investor criteria and performance fee adjustments.