Bumps in the road

Morningstar CEO: Advisors face AI squeeze, PE funds must clean up fees

Morningstar CEO Kunal Kapoor joins This Week in Wealth for a special episode, recorded live at the Morningstar Investment Conference in Chicago on June 17. Ian, Alex, and Kunal discuss Morningstar’s relationship with RIAs, what the march of AI might mean for advisors (and their fees), how the research firm is approaching private markets (both analytically and commercially), and—most importantly—who will win the World Cup.

An invitation to Kestra's second wedding

Ian and Andrew host James Poer, the chief executive of $170bn Kestra Holdings, for an extended discussion on why his firm chose to have another go-round with its original private equity owner, the lessons he learned from the 2008 financial crisis and why you shouldn't expect to see him at the helm of a public company anytime soon.

The block (fee) is hot

With Alex and Ian on the road, Andrew, Sam and Alec take over the pod to discuss the rollout of Charles Schwab’s new $5-per-account block trading fee, which has caused some understandable fretting among RIAs, as well as the court-ordered end of a high-profile legal beef between two of the country’s largest independent wealth managers (plus, a few notes on SpaceX’s mega-IPO and what it means for advisors and their clients).

This Decade in Wealth

Alex, Ian and Andrew celebrate Citywire's 10th anniversary of operating in the US with an extra-special news quiz covering the biggest stories we've written since Citywire RIA began publishing in 2018. How many can you name?

Hightower and Summit Trail kick off a 'summer of scoops'

Alex, Ian and — live from New York! — Andrew discuss Citywire's recent scoops on Hightower pursuing a sale of a controlling stake and Summit Trail Advisors pursuing an outright sale, according to sources with knowledge of the situation. What do these kinds of deals mean for the RIA market? The team also checks in on a pair of million-dollar bets between Creative Planning CEO Peter Mallouk and "Shark Tank" star Mark Cuban.