Category: Analysis

Analysis

At the Money: Looking Beyond Market Cap Weighted Indexes

Market Expert Apr 23, 2026

At The Money: Looking Beyond Market Cap Weighted Indexes (April 22, 2026) Cap weighted indexes have come to dominate ETFs. Is it time for investors to consider a strategy based on fundamental weightings, such as profits or revenue growth? Full transcript below. ~~~ About this week’s guest: Rob Arnott is known as the… Read More The post At the Money: Looking Beyond Market Cap Weighted Indexes appeared first on The Big Picture.

Analysis

Tariff War, Post-SCOTUS Update

Market Expert Apr 22, 2026

Everybody’s attention has been focused on the Iran War,1 but I want to draw your attention back to a different war — the prior Trade War. Eighteen months ago, the Trump administration was elected to its second term. After November 2024, there was a lot of noise about what people thought would happen. When… Read More The post Tariff War, Post-SCOTUS Update appeared first on The Big Picture.

Analysis

Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Market Expert Apr 22, 2026

The transcript from this week’s, MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube (video), YouTube (audio), and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Masters… Read More The post Transcript: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management appeared first on The Big Picture.

Analysis

MiB: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Market Expert Apr 22, 2026

This week, I speak with Jean-Philippe Bouchaud, co‑founder, chair & head of research/chief scientist atCapital Fund Management (CFM). The $20 billion firm started in 1991 specializing in managed futures and now runs futures and multi-strategy programs. He began his career in theoretical physics, was awarded the IBM Young Scientist Prize (1990) and the C.N.R.S. Silver Medal (1996),… Read More The post MiB: Jean-Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management appeared first on The Big Picture.

Analysis

Lessons Learned From How Mega-RIAs Are Scaling Their People To Support Growth: #FASuccess Ep 486 With Lisa Crafford

Market Expert Apr 22, 2026

Welcome everyone! Welcome to the 486th episode of the Financial Advisor Success Podcast! My guest on today's podcast is Lisa Crafford. Lisa is the head of advisory of Constellation Wealth Capital, a private equity firm based in Chicago, Illinois, that makes minority investments in RIAs. What's unique about Lisa, though, is how her career pathRead More... The post Lessons Learned From How Mega-RIAs Are Scaling Their People To Support Growth: #FASuccess Ep 486 With Lisa Crafford first appeared on Kitces.com.

Analysis

Closing The Implementation Gap: A Formula For Exploration Meetings That Lead To Better Client Follow-Through

Market Expert Apr 22, 2026

Financial advisors will sometimes encounter a client who does not follow through on financial planning recommendations, even when the recommendations were developed collaboratively and seemed to resonate in the moment. In that situation, the advisor might assume that the problem was that the plan was too long, too complex, or too abstract, and that theRead More... The post Closing The Implementation Gap: A Formula For Exploration Meetings That Lead To Better Client Follow-Through first appeared on Kitces.com.

Analysis

Transcript: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Market Expert Apr 21, 2026

The transcript from this week’s, MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube (video), YouTube (audio), and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ Masters… Read More The post Transcript: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management appeared first on The Big Picture.

Analysis

The 6 Domains Of Financial Advisor Career Development: Framework For A Scalable Career Growth Plan

Market Expert Apr 21, 2026

An advisor's initial years present a valuable opportunity to learn the planning process and slowly progress in the firm. Yet Kitces Research on What Actually Contributes To Advisor Wellbeing has consistently found that associate advisors lag behind other advisory firm roles in overall wellbeing.. Compared to peers in more senior positions, associate advisors report lowerRead More... The post The 6 Domains Of Financial Advisor Career Development: Framework For A Scalable Career Growth Plan first appeared on Kitces.com.

Analysis

Drake Equation Dashboard (AI)

Market Expert Apr 20, 2026

click for full interactive Drake Dashboard On a road trip with a buddy who is also a Deep-Sky automated Photography hobbyist (check out Seestar, DwarfLab, and Odyssey Pro), we discussed the Drake Equation (him) and the Rare Earth Hypothesis (me). We went deep. Frank Drake said he created his eponymous equation as a… Read More The post Drake Equation Dashboard (AI) appeared first on The Big Picture.

Analysis

MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management

Market Expert Apr 19, 2026

This week, I speak with Philippe Bouchaud, co‑founder, chair & head of research/chief scientist at Capital Fund Management (CFM). The $20 billion firm specializes in managed futures. He began his career in theoretical physics, was awarded the IBM Young Scientist Prize (1990) and the C.N.R.S. Silver Medal (1996), and has published over 300 scientific… Read More The post MiB: Philippe Bouchaud, Founder/Chief Scientist, Capital Fund Management appeared first on The Big Picture.

Analysis

Thank You, San Francisco!

Market Expert Apr 18, 2026

What a delightful and productive trip this was! We met with lots of clients and spoke with families who wanted to learn how we can help them reach their goals and achieve better outcomes using all of the tools we deploy. I hosted a few live Masters in Business interviews at the Bloomberg offices… Read More The post Thank You, San Francisco! appeared first on The Big Picture.

Analysis

Weekend Reading For Financial Planners (April 18-19)

Market Expert Apr 18, 2026

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that consulting firm McKinsey & Company’s research into the wealth management industry finds that Artificial Intelligence (AI)-powered tools are unlikely to replace human advisors or result in significant fee compression for many firms. However, if AIRead More... The post Weekend Reading For Financial Planners (April 18-19) first appeared on Kitces.com.

Analysis

Why The SEC May No Longer Allow “Hedge Clauses” In Client Advisory Agreements (And How To Replace Them Compliantly)

Market Expert Apr 16, 2026

Advisory firms often rely on long-standing Investment Management Agreement (IMA) templates that include liability waivers without revisiting whether those provisions remain consistent with current regulatory expectations. Yet language that regulators historically disfavored but somewhat tolerated has increasingly become a focus of regulatory scrutiny. Through recent guidance and enforcement actions, the SEC has made clear thatRead More... The post Why The SEC May No Longer Allow “Hedge Clauses” In Client Advisory Agreements (And How To Replace Them Compliantly) first appeared on Kitces.com.

Analysis

The Remarkable Liquidity Of Financial Advisory Firms When Planning Your Own Advisor Retirement: Kitces & Carl 188

Market Expert Apr 16, 2026

Advisors approaching retirement often face a fundamental planning challenge: how to convert the value of their firm into a reliable retirement asset while ensuring continuity for clients and team members. The central tension lies in balancing financial outcomes with legacy goals – whether the advisor wants the firm to continue in its current form, prioritizeRead More... The post The Remarkable Liquidity Of Financial Advisory Firms When Planning Your Own Advisor Retirement: Kitces & Carl 188 first appeared on Kitces.com.

Analysis

Transcript: Mike Pyle, BlackRock’s Portfolio Management Group

Market Expert Apr 15, 2026

The transcript from this week’s, MiB: Mike Pyle, BlackRock’s Portfolio Management Group, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube (video), YouTube (audio), and Bloomberg. ~~~ [00:00:16] Barry Ritholtz: This week on the podcast—wow, this is another banger. Strap yourself in. Mike… Read More The post Transcript: Mike Pyle, BlackRock’s Portfolio Management Group appeared first on The Big Picture.

Analysis

Exercises To Help Clients Better Navigate The Transition To Retirement After Having Done It Yourself: #FASuccess Ep 485 With Michael Kay

Market Expert Apr 15, 2026

Welcome everyone! Welcome to the 485th episode of the Financial Advisor Success Podcast! My guest on today's podcast is Michael Kay. Michael is a retired financial advisor and a current life coach and author who helps high-performing individuals successfully make the transition to retirement. What's unique about Michael, though, is how he has developed questionsRead More... The post Exercises To Help Clients Better Navigate The Transition To Retirement After Having Done It Yourself: #FASuccess Ep 485 With Michael Kay first appeared on Kitces.com.

Analysis

Last Call! RWM in San Francisco for Two Live MiB shows!

Market Expert Apr 14, 2026

Come meet us in San Francisco! If you are an investor looking for a better way to manage your entire financial life, please reach out to us at Info AT RitholtzWealth.com. If you are an Advisor who wants to be part of one of the fastest-growing, independent, employee-owned RIAs, come talk to us! If you… Read More The post Last Call! RWM in San Francisco for Two Live MiB shows! appeared first on The Big Picture.

Analysis

How I Completed My CFP Education Requirement In Less Than 1 Year (While Working Full-Time)

Market Expert Apr 13, 2026

Financial advisors who pursue the CFP certification mid-career often face a daunting logistical reality: how to complete a rigorous curriculum while working full-time, managing family responsibilities, and maintaining some semblance of personal balance. The CFP certification process itself requires candidates to satisfy four components: experience, education, ethics, and examination. Each component requires rigor and dedication,Read More... The post How I Completed My CFP Education Requirement In Less Than 1 Year (While Working Full-Time) first appeared on Kitces.com.