BlackRock Chief Executive Officer Larry Fink is proposing a new tweak to an age-old investing formula. Instead of a traditional 60/40 split between stocks and bonds, the prominent asset manager wants everyday investors to branch out and diversify into private market assets.

I hear it from nearly every client, nearly every leader—nearly every person—I talk to,” BlackRock CEO Larry Fink wrote in his annual letter on Monday. “They’re more a

From the start, we believed that when people can invest better, they can live better—and that’s exactly why we built BlackRock.” So what is absent from Fink’s