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

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

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

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

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.

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

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 bigpictureinpractice@morningstar.com.