Wealth Management

Annual Report
January 2026

Global Wealth Report 2025: Crafted wealth intelligence

UBS

Research

51 Pages

UBS maps how global household wealth has evolved and where it is headed next, highlighting rising Everyday Millionaires, shifting regional leadership and an expected wealth transfer of about $83 trillion that will reshape who controls assets and how portfolios are built.

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Annual Report
December 2025

How America Saves 2025

Vanguard

Jeffrey Clark

Research

112 Pages

Vanguard analyzes how participants actually save and invest inside defined contribution retirement plans across a large record keeping base.

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Annual Report
December 2025

Evergreen Fund Landscape

Morningstar

Research

5 Pages

Morningstar’s Q4 2025 US Evergreen Fund Landscape Preview shows the U.S. evergreen fund market has grown rapidly—approaching roughly $500 billion in assets—as “semi-liquid” private market vehicles (interval funds, tender offer funds, unlisted REITs/BDCs) expand access beyond traditional institutional investors.

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Retirement Planning
December 2025

Shocks to Income in a Lifecycle Model: An Undervalued Risk

Morningstar

Sebastian Gomez Cardona

Research

47 Pages

Morningstar Retirement integrates income risk into lifecycle investing models that guide saving and asset allocation across an investor career.

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Asset Management
December 2025

Financial Services Observer

Morningstar

Greggory Warren

Research

86 Pages

Morningstar evaluates the business models and competitive positioning of the large stand alone US alternative asset managers.

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ETFs
December 2025

Levered Single-Stock ETFs

Hendrik Bessembinder

Research

58 Pages

Hendrik Bessembinder examines how constant leverage strategies behave over time, focusing on levered single stock exchange traded funds.

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Wealth Management
December 2025

The State of Retirement Income: 2025

Morningstar

Research

54 Pages

Morningstar analyzes how much retirees can safely withdraw from their portfolios in a world of higher yields and moderate inflation.

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Annual Report
December 2025

Charles Schwab ETFs and Beyond Study

Charles Schwab

Research

49 Pages

Charles Schwab presents its 2025 ETFs and Beyond Study on how individual investors use ETFs across their portfolios.

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Market Reports
December 2025

Global Thematic Fund Landscape 2025

Morningstar

Kenneth Lamont

Research

63 Pages

The Global Thematic Funds Landscape report provides in-depth insights into evolving investment themes—from supply chain dynamics to the rise of actively managed funds.

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ETFs
November 2025

What Short-Term Fund Performance Tells Us About Future Returns

Morningstar

Daniel Sotiroff, Eugene Gorbatikov

Article

10 Pages

Morningstar analyzes persistence in mutual fund and ETF performance to see whether top quartile winners stay on top.

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Retirement Planning
November 2025

The Vanguard Retirement Outlook: Strong national progress, opportunities ahead

Vanguard

Research

30 Pages

Vanguard evaluates how prepared Americans are to sustain their lifestyle in retirement and which levers most improve outcomes.

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Retirement Planning
October 2025

New Economics of Retirement: Retirement Survey & Insights Report 2025

Goldman Sachs

Chris Ceder, Greg Wilson

Research

38 Pages

Goldman Sachs published the 2025 Retirement Survey & Insights Report.

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Wealth Management
September 2025

ETFs 2025: Cheap, Fat, Starving for Attention

Dave Nadig

Research

18 Pages

David Nadig gave a presentation on the state of the ETF industry: Cheap, Fat, Starving for Attention.

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Wealth Management
August 2025

Guide to Retirement

J.P. Morgan Asset Management

Research

56 Pages

J.P. Morgan Asset Management provides a comprehensive framework for retirement planning that emphasizes longer life expectancies, disciplined investing, and strategic income management.

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Wealth Management
August 2025

Mind the Gap 2025

Morningstar

Jeffrey Ptak

Research

22 Pages

Morningstar’s annual Mind the Gap study measures the difference between fund returns and what investors actually earned due to timing of purchases and sales.

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Wealth Management
August 2025

Setting the record straight: The truths about index fund investing

Vanguard

James Rowley Jr., Stephen Lawrence, Ollie Ryder-Green

Research

16 Pages

Vanguard addresses common myths about index fund investing, showing that indexing’s rise has not distorted markets or reduced price discovery.

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Market Reports
June 2025

How America Saves 2025

Vanguard

Research

112 Pages

Vanguard’s 24th annual How America Saves report analyzes retirement behaviors among nearly 5 million DC plan participants in 2024, revealing record-high plan participation and smart design execution.

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Wealth Management
May 2025

A Comprehensive Guide to ETFs (2nd Edition)

CFA Institute

Dave Nadig, Elisabeth Kashner, Joanne Hill

Research

60 Pages

The CFA Institute’s 2nd edition of A Comprehensive Guide to ETFs provides an updated, neutral overview of the ETF ecosystem.

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Wealth Management
May 2025

2024 US Fund Fee Study

Morningstar

Zachary Evens, Bryan Armour

Research

42 Pages

Morningstar’s 2024 U.S. Fund Fee Study finds that investors paid record-low costs as the asset-weighted average expense ratio declined to 0.34% in 2024, less than half of its level two decades ago.

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Markets
April 2025

Global Asset Management Report: From Recovery to Reinvention

BCG

Research

26 Pages

Boston Consulting Group outlines how the global asset management industry must transition from recovery into reinvention by innovating across product development, distribution, scale, and cost structure.

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Portfolio Management
April 2025

Playing a Bigger Game

MFS

Carol Geremia

Research

16 Pages

MFS President Carol Geremia addresses the pervasive short-termism in the investment industry and advocates for a transformative shift towards long-term value creation.

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Wealth Management
March 2025

Investment Company Fact Book

ICI

Research

154 Pages

The 2025 Investment Company Institute Fact Book provides a comprehensive snapshot of the global asset management industry.

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Markets
March 2025

When the Market Outgrows the Index

TCW

David Vick

Research

3 Pages

TCW’s report examines the limitations of the Bloomberg U.S. Aggregate Bond Index (the "Agg") in representing the full spectrum of fixed income opportunities.

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Wealth Management
February 2025

Billionaire Ambitions Report 2024

UBS

Research

60 Pages

UBS looks at the trends in billionaire wealth over the past 10 years.

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Wealth Management
October 2024

Mutual Funds & Unicorns

Morningstar

Jack Shannon

Research

22 Pages

This report examines mutual funds’ investments in private-company equities over the past decade, evaluating return potential, liquidity constraints, and structural inefficiencies.

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Wealth Management
June 2024

How America Saves 2024

Vanguard

Research

114 Pages

Vanguard’s annual report analyzes retirement account trends across plan type, demographics, allocations and more.

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Wealth Management
April 2024

Guide to Retirement 2024

J.P. Morgan Asset Management

Research

53 Pages

The 2024 Guide to Retirement has great charts covering social security and Medicare, tax planning, withdrawal rates and more.

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Markets
December 2023

Inflation and Tax Efficiency

AQR

Research

3 Pages

AQR explains the relationship between inflation and taxes, and why tax-efficiency becomes more valuable as inflation rises.

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Wealth Management
December 2023

The State of Retirement Income: 2023

Morningstar

Research

30 Pages

Morningstar examines how safe retirement withdrawal rates have shifted after higher bond yields and lower inflation expectations.

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Wealth Management
September 2023

Securities Lending Provides Value. But Is It Enough To Make a Bad Fund Good?

Morningstar

Zachary Evens, Lan Anh Tran

Research

9 Pages

Morningstar explains how securities lending works inside mutual funds and ETFs and what it means for investors who own those funds.

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Wealth Management
July 2023

How America Saves Lives 2023

Vanguard

Research

115 Pages

Vanguard analyzes how Americans save for retirement through defined contribution plans using detailed data from its recordkeeping platform.

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Wealth Management
July 2023

Why Do People Hire Their Financial Advisors?

Morningstar

Danielle Labotka, Samantha Lamas

Research

8 Pages

Morningstar Behavioral Research explores why people decide to hire financial advisors and how emotions shape those choices alongside money issues.

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Wealth Management
April 2023

ETFs 2027: A world of new possibilities

PWC

Research

17 Pages

PwC examines how the global ETF market could develop by 2027 and where the next wave of growth may come from.

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Wealth Management
January 2023

Vanguard’s guide to financial wellness

Vanguard

Paulo Costa, Clifford Felton

Research

52 Pages

Vanguard lays out a practical three step roadmap to improve household financial wellness, from budgeting and debt control to protection and long term saving.

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Annual Report
November 2022

The Great Reset: North American asset management in 2022

McKinsey & Company

Research

27 Pages

McKinsey & Company argues 2022 forced a reset in macro assumptions that asset managers relied on for a decade.

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Annual Report
October 2022

Global Wealth Report 2022

Credit Suisse

Research

72 Pages

Credit Suisse reviews how household wealth and inequality shifted through 2021, and what higher inflation means going forward.

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Wealth Management
October 2022

Tracking Unicorn Companies in U.S. Mutual Funds

Morningstar

Jack Shannon, Katie Reichart

Research

24 Pages

Morningstar explains how U.S. equity mutual funds have increasingly owned private company shares and why that can backfire.

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Wealth Management
September 2022

Investing for Retirement III: Understanding and Dealing With Sequence Risk

GMO

Ben Inker, James Montier, Martin Tarlie

Research

15 Pages

GMO argues sequence risk is not an asset class property but a cash flow problem that forces selling low or buying high.

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Annual Report
May 2022

2022 Robo-Advisor Landscape

Morningstar

Research

45 Pages

Morningstar’s manager research team maps the evolving US robo advisor industry, comparing business models, portfolios, pricing and levels of human guidance.

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Wealth Management
May 2022

Global Investor Experience Study: Fees and Expenses

Morningstar

Research

57 Pages

Morningstar assesses how mutual fund and exchange traded fund investors around the world fare on fees and expenses.

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