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

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.