Big Picture In Practice

Bill Sweet, chief financial officer, and Bill Artzerounian, director of tax services at Ritholtz Wealth Management, say that a thousand dollars saved in taxes creates more client satisfaction than six-figure investment gains. That’s why it’s more important than ever for firms to embed tax planning directly into wealth management.

In this episode, Bill and Bill talk with Ben and Julie about:

• The importance of investing in artisan tax planning as a financial advisory practice
• Why wealth firms are pulling tax work in-house
• The tax landmines in the One Big Beautiful Bill
• Overlooked issues in estate planning and inheritance taxes

Catch up on previous episodes: https://www.morningstar.com/views/podcasts/big-picture-in-practice

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Stephanie Drescher, chief client and product development officer at Apollo Global Management, says it’s up to advisors to educate clients on how to strategically tap into the potential of this market.

In this episode, Stephanie talks with Ben and Julie about:

• Making the most of the multi-trillion-dollar opportunity in private markets
• What’s behind their accelerating democratization
• The shift from “managing to the lowest fee to achieving the greatest outcome"
• Why less-liquid private investments are a good fit for long-term retirement funds

Catch up on previous episodes: https://www.morningstar.com/views/podcasts/big-picture-in-practice

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Are bonds boring? That’s their reputation—and it’s a big part of why investors embrace them.

But Steve Laipply, global co-head of iShares fixed-income ETFs at BlackRock, thinks there’s also a lot more excitement to bonds than we give them credit for.

In this episode, Steve talks with Ben and Julie about:

• ETFs’ role in transforming investor access to bonds
• The value of bond ETFs in providing liquidity, transparency, and price discovery
• How fixed-income ETFs fared during the covid-19 market turmoil
• Recent innovations in the fixed-income space

Catch up on previous episodes: https://www.morningstar.com/views/podcasts/big-picture-in-practice

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Schwab’s Rob Williams and Inga Rachwald join Ben and Julie to unpack why retirement income is first and foremost a planning challenge—one that demands balancing emotional biases, clear goals, and smart investment choices. Together, they explore how advisors can reframe conversations around income, broaden clients’ understanding of risk, and apply practical strategies that connect portfolios to real-life outcomes. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com

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Visit the Big Picture in Practice website: https://www.morningstar.com/business/insights/podcasts

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Morgan Stanley CIO Jim Caron explains how Trump’s tariff-funded fiscal policy could impact market volatility, sector trends, and investor portfolios. 

Visit the Big Picture in Practice website: https://www.morningstar.com/business/insights/podcasts

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Explore with BNY Wealth’s Sinead Colton Grant how private markets, risk tolerance, and asset allocation shape wealth strategies in today’s volatile market.

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Grayscale’s Dave LaValle and John Hoffman share how advisors can navigate crypto’s rapid evolution, from understanding the technology and ETF parallels to preparing for regulatory shifts and AI-driven innovation as digital asset adoption accelerates.

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Additional resources:

Read a summary of this episode: https://www.morningstar.com/business/insights/blog/podcasts/big-picture-in-practice/evidence-driven-financial-advisor-value

Catch up on previous episodes: https://www.morningstar.com/views/podcasts/big-picture-in-practice

 

Questions or ideas? Email us at [email protected].

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Additional resources:

Read a summary of this episode: https://www.morningstar.com/business/insights/blog/podcasts/big-picture-in-practice/advisor-engagement-strategies

Catch up on previous episodes: https://www.morningstar.com/views/podcasts/big-picture-in-practice

Subscribe to our newsletter: https://www.morningstar.com/business/insights/research/big-picture-in-practice-newsletter

 

Questions or ideas? Email us at [email protected].

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