Citywire This Week in Wealth

Morningstar CEO: Advisors face AI squeeze, PE funds must clean up fees

Loading player...
Morningstar CEO Kunal Kapoor joins This Week in Wealth for a special episode, recorded live at the Morningstar Investment Conference in Chicago on June 17.
Ian, Alex, and Kunal discuss Morningstar’s relationship with RIAs, what the march of AI might mean for advisors (and their fees), how the research firm is approaching private markets (both analytically and commercially), and—most importantly—who will win the World Cup.
2 Jul English United States Investing

Other recent episodes

What Fidelity's AUM hike means for RIAs and rival custodians

Fidelity has raised its custodial minimum to $100m, giving RIAs until June 30, 2027, to meet that new requirement or face removal from the platform. It's a move with wider ramifications for hundreds of RIAs, rival custodians, and one that might redefine what it means to be a small wealth…
9 Oct 24 min

What Constellation looks for when buying RIAs

This bonus episode of This Week in Wealth features a fireside chat with Karl Heckenberg, founder and managing partner of Constellation Wealth Capital. Since its launch in 2023, Constellation has invested in 18 RIAs, which have a combined $340bn in assets. At last week’s Citywire CIO Summit in Austin, Texas,…
7 Oct 46 min

An RIA M&A juggernaut switches CEOs

This Week in Wealth breaks down the C-suite shuffle at Merit Financial Advisors, a $32bn Georgia-based RIA that has become one of the most acquisitive firms in the market. At the end of a year in which the firm will have completed 15 deals, Merit’s founder and chief executive Rick…
25 Sep 21 min

Can Claude change the game for RIAs? 

Ian dials in from the Future Proof conference in Huntington Beach, California, to give the lowdown on Anthropic’s Claude for Financial Advisors suite and dig into the AI firm’s tie-up with custodian Charles Schwab. Alex and Ian also discuss Creative Planning’s acquisition of RVK Inc., an institutional investment consultancy overseeing…
18 Sep 17 min
All episodes