Independent, fee-only financial planning/investment advisory wealth management firms that serve high net worth investors are a target market for hedge fund boutique firms and their products. While one segment of this type of wealth management firm allocates only to mutual funds, 40 Act funds and index funds, those serving higher net worth clientele also invest their clients in alternative strategy managed accounts and LPs. This is an often overlooked marketing opportunity for hedge funds, where one sale can translate into tens or hundreds as these "managers of managers" invest their clients in the alternative strategies and managers they’ve selected to...