Check Your Ego at the Door

Lou Maiuri, AssetMark Chairman and Group CEO, launches The Rented Seat, his AM Radio series dedicated to candid conversations with the wealth industry's most influential leaders. In this pilot episode, he sits down with Shane Clifford, Partner and Head of Global Wealth at the Carlyle Group. Shane's career spans Merrill Lynch, BlackRock, and three decades across institutional, retail, and global alternative markets. His leadership philosophy is as direct as his path be the utility player, surround yourself with people smarter than you, and leave your ego at the door. The conversation shifts to private markets, where Shane makes the case that portfolio completion for wealth clients now requires private market exposure. But his message to advisors is equally clear: get the liquidity conversation right first. These aren't mutual funds, and advisors who lead with that education are the ones who'll build lasting client trust in this asset class. AM Radio is a video series produced by AssetMark. AM Radio: Conversations in Wealth Management brings listeners inside AssetMark for candid conversations with the leaders, innovators, and advisors transforming the future of advice. Each episode explores real stories, practical insights, and the human side of an industry built on trust and service. From leadership and culture to technology, private markets, and the evolving role of the advisor, AM Radio examines the ideas shaping where wealth management is headed next. Designed for financial professionals who want to stay informed, inspired, and connected to the future of advice. Important Information about the Risks of Investing in Private Assets This material is for informational purposes only, is not an offer, solicitation, or recommendation to buy or sell any particular investment or investment strategy, and should not be considered investment, legal or tax advice. Investors seeking personalized guidance or more information should contact their financial advisor. Investing in private assets, which are accessed through private markets, involves significant risks, including the risk of complete loss. Past performance does not guarantee future results. Private asset investments are often illiquid, meaning an investor's ability to sell may be limited for extended periods of time. Financial advisors should conduct a due diligence review of private asset investments to determine if they are appropriate for their client’s financial circumstances, including goals, risk tolerance, and overall portfolio objectives. AssetMark, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission. ©2026 AssetMark, Inc. All rights reserved. 0000000.1 | 4/2026