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Addressing Key Advisor Questions on Midstream/MLPs

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From an energy perspective, while the trade dispute with China initially impacted oil prices and raised concerns about oil demand (mirrored across tariff discussions), the direct effect on midstream has been limited.

What Comes After the Sale? Turning Real Estate Liquidity Into a Long-Term Wealth Strategy

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Selling your real estate portfolio, especially investment properties you and your family have held for years or decades, can be a complex process.

Welcome to the End of Tasks

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In 2025, AI crossed a subtle but monumental threshold: it stopped just answering questions and started executing goals.

Tariff U-Turn; Lingering Doubts

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Markets rallied after a surprise tariff rollback, but with valuations stretched and policy signals still mixed, investors appear to be leaning toward flexibility, fundamentals, and selective exposure.

Revisiting the Bullish Case for Silver

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Though silver has been quiet lately, it’s important to be aware of the many bullish factors that are setting the stage for a strong move higher.

What is a Tariff and How Does it Work?

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Tariffs have long been part of U.S. economic policy, but big changes can disrupt markets and trade. Here's a quick overview of some questions investors may have.

Tailored Lending: A Strategic Tool for Sophisticated Individuals

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Your financial requirements are multifaceted, necessitating strategies tailored to your specific needs. Tailored lending can be a valuable addition to a high-net-worth individual’s financial plan, helping you optimize cash flow, maximize tax efficiency and realize important estate planning goals.

Innovation In Indexing: Why Passive ETFs Matter

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For many of us, ETFs have been synonymous with passive management.

Scared of Long Bonds? Get Used to Them

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Long-term interest rates have become much less predictable, and that means volatile prices for long bonds.

Jony Ive and OpenAI Make a Long-Shot Bet to Kill the iPhone

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You wouldn’t exactly call it understated. In a video, Sam Altman, co-founder and chief executive officer of OpenAI, jostles through a busy San Francisco sidewalk.

Are Investors Underappreciating Risk?

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Investors have breathed multiple sighs of relief in recent weeks as the Trump administration has dialed back its extreme tariff rates on China and other countries. In addition, first-quarter earnings were better, overall, than many expected given the quarter’s uncertainty.

AI 'Washers' Can't Exaggerate Their Way Out of This One

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Having raised $445 million from investors including Microsoft Corp. and SoftBank Group Corp., the British firm entered insolvency proceedings this week after a major creditor seized $37 million from its accounts, leaving $5 million in the company’s coffers.

A Building Boom on Federal Land? It Just Might Work

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Amid the relentless chaos in Washington — tariffs, trade war, terminally rising deficits — at least one sensible idea has recently emerged: The federal government wants to free up more land to build homes. It’s a great ambition. The devil, as ever, will be in the details.

Bitcoin Options Show Bulls Unbowed With Open Interest at Record

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Even though Bitcoin has retreated from record territory, options show that traders remain extremely bullish with open interest reaching an all-time high.

Death of the Dollar: An Eternal Tale

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Someday, the dollar will cease to be the world’s reserve currency. But don’t hold your breath waiting; there is nothing even close to being able to take its role.

Portfolio Management as the U.S. Shifts Its Geopolitical Role

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Investors should always be attuned to inflation risk, but it seems pronounced in this moment. How should your clients adjust behavior and investments?

Using AI to Create a Monte Carlo Retirement Simulation

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Monte Carlo simulations have become an invaluable tool for financial advisors and individuals in the complex world of retirement planning. These simulations allow us to model thousands of potential future scenarios, accounting for the inherent uncertainty in investment returns, inflation rates, and longevity.

SALT Write-Off, Harvard Tax, Medicaid Cuts: What’s in Trump’s Bill

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House Republicans narrowly passed President Donald Trump’s economic package after a series of all-night negotiations and 11th-hour compromises.

US Long-Term Borrowing Costs Surge Over Deficit Concerns

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Bond investors are demanding more and more compensation to hold long-dated US debt as global markets grow anxious about the widening fiscal deficit in the world’s biggest economy.

US Tariff Countdown Heats Up Race to Turn Talks Into Deals

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Halfway through President Donald Trump’s 90-day freeze on his so-called reciprocal tariffs, a persistent gripe from businesses, consumers and governments facing them is severe uncertainty.

OpenAI to Buy AI Device Startup From Apple Veteran Jony Ive in $6.5 Billion Deal

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OpenAI will acquire the AI device startup co-founded by Apple Inc. veteran Jony Ive in a nearly $6.5 billion all-stock deal, joining forces with the legendary designer to make a push into hardware.

Credit Downgrade: Markets Poised to Shake it Off

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America’s fiscal woes are nothing to sneeze at, but they’re also nothing new. Which is why we expect markets to largely shrug off the latest credit-rating cut.

What is Direct Indexing?

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Direct indexing has been in the news a lot more in recent years. Larger industry players have strategically acquired a number of providers—including Parametric. And many new entrants have entered the space, looking to build on its success.

How to Buy Bonds: A 3-Step Guide

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Shopping for bonds? The bonds you choose should align with your risk tolerance and goals. Discover what to consider before buying any bond.

The Endowment Tax: Thoughts and Considerations for Investors

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The Endowment Tax was introduced during the first Trump administration as part of the 2017 Tax Cuts and Jobs Act (TCJA).

A Return to the 19th Century

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Investors active today can be forgiven if the events of the past few months have been a bewildering experience.

Putting a Downgrade in Perspective

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What investors thought was going to be a nice start to a weekend in May got turned around with a late Friday announcement that Moody’s had just downgraded the U.S. long-term credit rating.

Engine of Active ETF Creation: Latest Flight of Fixed Income Offerings

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The market narrative appears to change on a dime these days. Stocks may have staged a comeback to recoup almost all their post-“Liberation Day” losses. But the bottom line on the fixed income market hasn’t changed all that much.

Cathie Wood Buys Most TSMC Depositary Receipts in Nearly a Year

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Cathie Wood’s funds made their biggest purchase of Taiwan Semiconductor Manufacturing Co. shares in nearly a year, underscoring a change in stance from being mostly sellers of the chipmaker since the third quarter of last year.

Seasonal Weakness Is a Bigger Risk This Year

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In this article, Russ Koesterich discusses the potential impact of seasonal weakness, momentum and the effect these factors could have on earnings in 2H2025.

A New Dawn?

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Trade pacts with America will not mean a return to the old normal.

5 Unique Passive ETF Ways of Owning the S&P 500

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One of the biggest stories in the ETF market in 2025 has been the nonstop impressive asset-gathering pace of the Vanguard S&P 500 ETF (VOO).

America’s Debt Problem is Also a Retirement Problem

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The wise minds at Moody’s Investors Service finally acknowledged last week what the other two main credit rating agencies did years ago.

BlackRock Adds to AI-Stocks Bet in $160 Billion Model Portfolios

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The world’s largest asset manager is adding to bets on the artificial intelligence within its US model portfolios while trimming its overall equity risk because of tariff uncertainty.

Market Tests Investors’ Nerves as Stocks Sell Off After Auction

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Investors dumped US stocks Wednesday afternoon following a disappointing Treasury auction that sent bond yields surging past levels seen during April’s market rout.

Private Equity's Big Guns Are Tearing Up the Rules on Leverage

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As one of the world’s largest sovereign wealth funds warned this week that private equity is “very troubled” right now, a spate of recent buyout deals in Europe and the US points to a possible route out of the mire.

US Initial Jobless Claims Decline to Lowest Level in Four Weeks

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Applications for US unemployment benefits fell to a four-week low, adding to evidence that the job market remains healthy in the face of growing uncertainty tied to trade policy.

Skittish Investors Giving EM Bonds a Second Look

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Tariffs, inflation, geopolitical tensions, and other factors continue to feed into market uncertainty for even safe haven assets like Treasuries. As such, investors could be giving riskier emerging market (EM) bonds a second look.

Don’t Overlook the Human Element of OCIO

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Best-in-class OCIO providers understand the importance of a deep relationship and will invest considerable time cultivating one.

529 Plans: Not Just for College

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529 plans offer tax-free savings for a variety of education expenses, including K-12 tuition, vocational training and apprenticeships. Our Bill Cass discusses the trends in 529 savings plans.

The Real AI Revolution Is Accessibility

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In a year dominated by multimodal marvels and reasoning breakthroughs, perhaps the most economically significant shift in AI went largely underplayed: cost collapse.

Materiality Matters: The ESG Factors That Count

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The materiality of ESG factors differs across sectors and markets. Investors need to understand how.

The Friendshoring Dilemma

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In the aftermath of the 2018 trade skirmishes with China and the pandemic, nearshoring and friendshoring quickly became buzzwords. But like many other catch phrases, these two may soon fade from usage and memory.

Stimulus Does Not Stimulate

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Common sense and economic theory often collide. Take the stubborn belief that government stimulus spending and debt issuance reliably boost economic growth. It is a simple and seductive idea—when the economy falters, the government can step in, inject capital, and jumpstart growth.

Inflation Continues to Cool

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The April Consumer Price Index (‘CPI’) report was released last Wednesday and gave the Federal Reserve another positive data point in its inflation fight, as did Thursday’s negative Producer Price Index (‘PPI’).

The Active SMIDcap ETF Consistently Outperforming YTD

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This year’s turbulent market environment underscores the value proposition of actively managed strategies. Active ETFs may offer diversification benefits, a responsiveness to changing market environments, and a depth of fundamental research above and beyond that of their passive peers.

Why Americans Stopped Saving Money

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During last month's tariff war, a big driver of stock-market declines was foreigners selling.

Why International and Why Now

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The shifting change in market leadership to international outperformance may call for a portfolio review to assess overexposure risks.

First-of-Their-Kind Innovative ETFs Launched in 2025

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Innovative ETFs are making waves as investors look for fresh ways to navigate a market marked by rapid growth and ongoing volatility.

Target Earnings Troubles Call for a Diversified Approach

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With the latest Target earnings report coming in weaker than expected, advisors might want to reassess how they gain exposure to the company.