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Wealth Management
Firm
Type
Annual Report
May 2026
An Imperative for Growth
BCG
Research
31 Pages
Boston Consulting Group examines why asset managers need to find new sources of growth as market appreciation becomes a less reliable engine.
Mutual Funds and ETFs
April 2026
Trends in the Expenses and Fees of Funds, 2025
ICI
Research
19 Pages
Investment Company Institute reviews how fund fees kept drifting lower in 2025 as investors continued favoring cheaper structures and index products.
Mutual Funds and ETFs
April 2026
Sizing the ETF Opportunity: Active ETFs Move to Center Stage
Citi
Research
7 Pages
Citi Research examines how the ETF industry is shifting from broad passive adoption toward a more active and differentiated phase.
Financial History
April 2026
50 years. 50 facts. Indexing since 1976.
Vanguard
Article
5 Pages
Vanguard shared 50 facts from 50 years of index investing.
Personal Finance
April 2026
Family Wealth
Verdad
Research
7 Pages
Verdad looks at a counterintuitive idea in inherited wealth: fortunes often fade within a few generations, but family status can last much longer.
Mutual Funds and ETFs
April 2026
Target Date Funds Primer
Meketa
Research
8 Pages
Meketa Investment Group explains why target date funds now dominate defined contribution plans and why similarly dated funds can still lead to different outcomes.
Personal Finance
March 2026
How America withstands financial hardships
Vanguard
Research
9 Pages
Vanguard explores the noticeable uptick in the proportion of participants initiating hardship withdrawals, the plan provisions driving these patterns, and key considerations for plan sponsors.
Annual Report
March 2026
2026 Target-Date Fund Landscape
Morningstar
Research
33 Pages
Morningstar’s annual report on target-date funds analyzes flows, fees, asset composition, market dominance, strategy performance, and more.
Retirement Planning
March 2026
Retirement by the Numbers
J.P. Morgan Asset Management
Research
38 Pages
J.P. Morgan Asset Management explains that retirement success depends more on participant behavior than market returns, especially saving rates, debt use, and withdrawal patterns.
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.
Annual Report
December 2025
How America Saves 2025
Vanguard
Research
112 Pages
Vanguard analyzes how participants actually save and invest inside defined contribution retirement plans across a large record keeping base.
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.
Retirement Planning
December 2025
Shocks to Income in a Lifecycle Model: An Undervalued Risk
Morningstar
Research
47 Pages
Morningstar Retirement integrates income risk into lifecycle investing models that guide saving and asset allocation across an investor career.
Asset Management
December 2025
Financial Services Observer
Morningstar
Research
86 Pages
Morningstar evaluates the business models and competitive positioning of the large stand alone US alternative asset managers.
Mutual Funds and ETFs
December 2025
Levered Single-Stock ETFs
Research
58 Pages
Hendrik Bessembinder examines how constant leverage strategies behave over time, focusing on levered single stock exchange traded funds.
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.
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.
Market Reports
December 2025
Global Thematic Fund Landscape 2025
Morningstar
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.
Mutual Funds and ETFs
November 2025
What Short-Term Fund Performance Tells Us About Future Returns
Morningstar
Article
10 Pages
Morningstar analyzes persistence in mutual fund and ETF performance to see whether top quartile winners stay on top.
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.
Retirement Planning
October 2025
New Economics of Retirement: Retirement Survey & Insights Report 2025
Goldman Sachs
Research
38 Pages
Goldman Sachs published the 2025 Retirement Survey & Insights Report.
Wealth Management
September 2025
ETFs 2025: Cheap, Fat, Starving for Attention
Research
18 Pages
David Nadig gave a presentation on the state of the ETF industry: Cheap, Fat, Starving for Attention.
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.
Wealth Management
August 2025
Mind the Gap 2025
Morningstar
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.
Wealth Management
August 2025
Setting the record straight: The truths about index fund investing
Vanguard
Research
16 Pages
Vanguard addresses common myths about index fund investing, showing that indexing’s rise has not distorted markets or reduced price discovery.
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.
Wealth Management
May 2025
A Comprehensive Guide to ETFs (2nd Edition)
CFA Institute
Research
60 Pages
The CFA Institute’s 2nd edition of A Comprehensive Guide to ETFs provides an updated, neutral overview of the ETF ecosystem.
Wealth Management
May 2025
2024 US Fund Fee Study
Morningstar
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.
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.
Portfolio Management
April 2025
Playing a Bigger Game
MFS
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.
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.
Markets
March 2025
When the Market Outgrows the Index
TCW
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.
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.
Wealth Management
November 2024
Diversification properties and risk-adjusted performance of security lending
State Street
Research
29 Pages
State Street conducted a deep dive on securities lending, noting that while the returns may seem small on an absolute basis, it provides strong risk-adjusted returns, offers diversification benefits due to low correlation with other investments, and performs especially well during market crises.
Wealth Management
October 2024
Mutual Funds & Unicorns
Morningstar
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.
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.
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.
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.
Wealth Management
September 2023
Securities Lending Provides Value. But Is It Enough To Make a Bad Fund Good?
Morningstar
Research
9 Pages
Morningstar explains how securities lending works inside mutual funds and ETFs and what it means for investors who own those funds.
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.
Wealth Management
July 2023
Why Do People Hire Their Financial Advisors?
Morningstar
Research
8 Pages
Morningstar Behavioral Research explores why people decide to hire financial advisors and how emotions shape those choices alongside money issues.
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.
Wealth Management
January 2023
Vanguard’s guide to financial wellness
Vanguard
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.
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.
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.
Wealth Management
October 2022
Tracking Unicorn Companies in U.S. Mutual Funds
Morningstar
Research
24 Pages
Morningstar explains how U.S. equity mutual funds have increasingly owned private company shares and why that can backfire.
Wealth Management
September 2022
Investing for Retirement III: Understanding and Dealing With Sequence Risk
GMO
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.
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.
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.
Wealth Management
March 2021
No Room on the ARK?
Morningstar
Research
11 Pages
Morningstar examines ARK Invest’s flagship strategy, questioning whether its innovation-driven approach can sustain performance given valuation levels and portfolio construction. The paper digs into concentration, turnover, and speculative growth assumptions, suggesting that past returns may not be a reliable guide.
Wealth Management
December 2020
The Role of Taxes in the Rise of ETFs
Research
148 Pages
This paper argues that a lesser-known yet economically significant tax-deferral feature of ETFs’ security design is crucial to their success.
Wealth Management
December 2020
How America Invests 2020
Vanguard
Research
58 Pages
Vanguard analyzes how over 5 million retail households actually invest, focusing on portfolio construction, trading behavior, and responses to market stress.
Wealth Management
December 2020
Custom Indexing: The Next Evolution Of Index Investing
O’Shaughnessy Asset Management
Research
9 Pages
O’Shaughnessy Asset Management explores how custom indexing could reshape portfolio construction by replacing one-size-fits-all funds with personalized, software-driven portfolios.
Wealth Management
September 2020
Global ETF Survey 2020
TrackInsight
Research
108 Pages
TrackInsight’s Global ETF Survey explores how professional investors used ETFs during the COVID-driven market shock, focusing on liquidity, portfolio construction, and shifting demand across strategies.
Annual Report
April 2020
Global Investor Study: Under Pressure: Investors’ Response To Crisis
Schroders
Research
24 Pages
Schroders explores how global investors are behaving during crisis conditions, focusing on return expectations, advice sources, and financial knowledge gaps.
Wealth Management
October 2019
What Is A Mutual Fund Worth?
Vanguard
Research
8 Pages
Vanguard examines how much value mutual funds actually create by quantifying the benefits of diversification versus concentrated stock picking.
Wealth Management
September 2019
Assessing The Value of Advice
Vanguard
Research
12 Pages
Vanguard introduces a framework for measuring the value of financial advice, arguing it extends beyond portfolio returns into financial outcomes and emotional benefits.
Wealth Management
April 2019
Schroders Global Investor Study – Investor Behaviour: Do People Have Control of Their Personal Finances?
Schroders
Research
19 Pages
Schroders explores how investor behavior often contradicts stated long term goals, highlighting gaps between expectations, emotions, and actual decisions.
Wealth Management
April 2019
Investor behaviour: Do People Have Control Of Their Personal Finances?
Schroders
Research
19 Pages
Schroders explores how investor behavior often contradicts long-term investing principles, focusing on confidence gaps, unrealistic return expectations, and reactive decision-making.
Wealth Management
March 2019
Guide to Retirement
J.P. Morgan Asset Management
Research
52 Pages
J.P. Morgan’s Guide to Retirement lays out a data driven framework for how individuals can plan, invest, and sustain income throughout retirement.
Wealth Management
October 2018
Global Wealth Report 2018
Credit Suisse
Research
60 Pages
Credit Suisse examines global household wealth trends, tracking growth, distribution, and inequality across regions while introducing new insights on gender wealth gaps.
Wealth Management
May 2018
2018 Target-Date Fund Landscape: Sizing Up the Trillion-Dollar, Increasingly Passive Giant
Morningstar
Research
61 Pages
Morningstar examines how target date funds evolved in 2018 as investors favored cheaper collective investment trusts and passive strategies.
Wealth Management
May 2018
Comfort is Not Your Friend
Hussman Funds
Research
8 Pages
Hussman Funds explores how investor psychology, not fundamentals, drives market cycles, arguing that comfort and optimism often signal peak risk while discomfort creates opportunity.
Wealth Management
May 2018
2018 Investment Company Fact Book
ICI
Research
348 Pages
Investment Company Institute’s 2018 Fact Book breaks down the structure, growth, and behavior of the global fund industry, with a focus on mutual funds, ETFs, and retirement vehicles.
Wealth Management
April 2018
U.S. Fund Fee Study: Average Fund Fees Paid by Investors Decreased 8% in 2017, the Largest One-Year Decline Ever
Morningstar
Research
12 Pages
Morningstar analyzes long-term trends in U.S. mutual fund and ETF fees, highlighting how investor behavior and industry competition are steadily pushing costs lower.
Wealth Management
March 2018
How Long Can a Good Fund Underperform Its Benchmark?
Morningstar
Research
20 Pages
Morningstar explores how long even skilled active managers can lag their benchmark and still ultimately outperform, challenging the way investors evaluate fund performance.
Wealth Management
March 2018
The Misguided Beliefs of Financial Advisors
Research Affiliates
Research
41 Pages
Research Affiliates examines why financial advisors often steer investors toward costly, underperforming strategies, arguing the root cause is misguided beliefs rather than conflicts of interest.
Wealth Management
February 2018
Is Securities Lending Good For ETF Investors?
ETF.com
Article
4 Pages
ETF.com examines whether securities lending meaningfully benefits ETF investors or mainly boosts issuer economics.
Wealth Management
October 2017
Chart: The Trillion Dollar Club of Asset Managers
Visual Capitalist
Article
1 Pages
Visual Capitalist examines the dominance of trillion dollar asset managers and why U.S. firms continue to control global capital flows.
Wealth Management
August 2017
Robo Report
Backend Benchmarking
Research
25 Pages
BackEnd Benchmarking examines the rapid rise of robo advisors and how digital platforms were reshaping wealth management in 2017.
Wealth Management
June 2017
ETF Semi Annual Review
Morgan Stanley
Research
481 Pages
Morgan Stanley examines the accelerating growth of US listed ETFs and how investors are using them across equities, fixed income, and alternatives.
Wealth Management
February 2017
Target Date Decisions, Decisions… Getting the Biggest Bang for the Buck
GMO
Research
14 Pages
GMO examines which target date fund decisions improve retirement outcomes over a 40 year career simulation.
Wealth Management
September 2016
Digital Investment Advice: Robo Advisors Come of Age
BlackRock
Research
16 Pages
BlackRock examines how robo advisors are reshaping wealth management as investors demand cheaper, more accessible financial guidance.