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

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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

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In this episode

• The red flags to watch for when evaluating model portfolios.
• How private markets could strengthen model portfolios—and the risks involved.
• Why technology will drive personalization, but human connection with remain key.

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In this episode:

• The tax advantages of ETFs and how they compare to other investment vehicles.
• How Section 351 conversions enable tax-efficient transitions from SMAs to ETFs.
• Potential regulatory risks and what they mean for the future of ETF tax benefits.

Additional resources:

Read a summary of this episode: https://www.morningstar.com/business/insights/blog/podcasts/big-picture-in-practice/351-conversion-sma-to-etf-white-label-etf

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Deborah is the chief investment officer of global liquidity markets at Federated Hermes. She joined the Big Picture in Practice hosts to discuss this humble, yet sizable corner of the asset management industry.

Listen now for:

• A one-minute history of money market funds.
• The role of money market funds in cash management and capital preservation.
• Emerging innovations in money market funds.

Additional resources:

Read a summary of this episode: https://www.morningstar.com/business/insights/blog/big-picture-in-practice/money-market-funds-cash

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 bigpictureinpractice@morningstar.com.

Additional resources:

Read a summary of this episode: https://www.morningstar.com/business/insights/blog/podcasts/big-picture-in-practice/asset-management-new-tech-stack

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 bigpictureinpractice@morningstar.com