Wealth managers are increasing their clients' access to private markets as they seek to bypass the volatility of public markets and balance their portfolio risk, according to fintech Delio's Private Markets in Wealth Management 2022 report.

Nearly nine in 10 (88 percent) of wealth managers reported clients are seeking access to illiquid investments.

The report suggests they are responding accordingly, with 94 percent of firms saying they now offer - or are planning to off...