Asset Allocation Implementation for High-Net-Worth Individual

John Smith is a high-net-worth individual looking to optimize his investment portfolio for both growth and income. His current asset allocation includes 60% equities, 30% fixed income, and 10% cash. Given his financial goals and risk tolerance, John seeks your recommendations on how to implement an asset allocation strategy that accommodates potential market volatility while still aiming for adequate returns.

Assuming John's investment horizon is 15 years, he is particularly concerned about the impact of inflation on his purchasing power. He wants to ensure that his investments not only grow but also preserve his capital in real terms.

In your response, address the following aspects:

• The rationale behind asset allocation decisions.
• Specific strategies for implementing the new asset allocation.
• Considerations regarding rebalancing and potential adjustments over time.
• The role of alternative investments in enhancing John's portfolio.