Research
Research library
Research worth an advisor's time from research firms, asset managers, regulators, central banks, academics and think tanks, each with a short summary in our own words, plus AdvisorIQ's own analysis.
As of Oct 8, 2026, the library lists 40 pieces from asset managers.
Titles marked with an arrow open on the publisher's site. How we choose.
Markets and economy
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Can stocks stay resilient with higher Treasury yields? (opens invesco.com)
Invesco's chief global market strategist asks whether stocks can hold up as Treasury yields approach 5%. He attributes the rise mainly to solid economic growth rather than inflation or deficits, flags strain in lower-quality credit and narrowing market leadership, and concludes stocks can stay resilient if earnings and nominal growth hold.
Topic: Markets and economyinvesco.com
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Guide to the Markets U.S. 4Q 2026 (opens am.jpmorgan.com)
J.P. Morgan's quarterly chartbook on the economy, equities, fixed income and other asset classes, with data as of September 30, 2026. It shows US large-cap stocks trading above long-run average valuations, with a forward price-to-earnings ratio of 19.0 against a 30-year average of 17.2, alongside a 10-year Treasury yield above 5%.
Topic: Markets and economyam.jpmorgan.com
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Broadening Delivered. Now Prepare for Volatility. (opens franklintempleton.com)
Franklin Templeton Institute strategists review how stock market leadership broadened over 18 months from mega-cap technology to value, small caps and emerging markets. They see the bull market as intact on earnings but expect less accommodative liquidity and more volatility, and recommend staying diversified.
Topic: Markets and economyfranklintempleton.com
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AI, oil, and a changing global economy (opens corporate.vanguard.com)
Vanguard's midyear economic update argues that AI investment and the oil shock are pulling regions in different directions, lifting US growth while weighing on energy importers such as the euro area. It now expects about 2.3% US growth in 2026 and 3% in 2027, and says the odds of a Fed rate increase have risen.
Topic: Markets and economycorporate.vanguard.com
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Macro outlook: Growth hinges on Iran war, AI rollout (opens capitalgroup.com)
Capital Group's economists weigh the AI investment boom against the Iran war, higher oil prices and trade disputes. They see US growth of 2.5% or more as possible, find that past oil supply shocks did not do lasting damage to stocks, and treat the jobs market as the key to the Fed's next moves.
Topic: Markets and economycapitalgroup.com
Tax planning
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Ten Lessons on Managing Concentrated Wealth (opens aqr.com)
AQR distills ten lessons from recent academic and practitioner research on clients who hold a large single stock or business stake. It argues the portfolio that replaces the position matters as much as the sale itself, and that tax, estate, philanthropic and behavioral questions should be planned together and revisited over time.
Topic: Tax planningaqr.com
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What the One Big Beautiful Bill Act could mean for your taxes (opens fidelity.com)
Fidelity's one-year review of the 2025 federal tax law sorts its permanent provisions, such as brackets, the standard deduction and higher estate exclusions, from temporary ones that expire after 2028. It also explains the higher SALT cap and its phase-out, the senior deduction and the new floor on charitable deductions for itemizers.
Topic: Tax planningfidelity.com
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How asset location can boost after-tax returns (opens corporate.vanguard.com)
Vanguard summarizes its research on asset location, the choice of which account holds each investment. Placing assets well can add up to 0.3% a year after taxes for some diversified investors, most when they hold meaningful balances in both taxable and tax-advantaged accounts, and the core rule is to put taxable bonds in tax-advantaged accounts first.
Topic: Tax planningcorporate.vanguard.com
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Do you live in the right state for retirement? (opens capitalgroup.com)
A Capital Group wealth planner examines whether moving states before or in retirement really lowers taxes. The piece compares how states treat income, estates and retirement income, notes that more than 40 states do not tax Social Security, and warns that high-tax states scrutinize claimed moves closely.
Topic: Tax planningcapitalgroup.com
Retirement income
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A behavioral case for annuities (opens troweprice.com)
T. Rowe Price researchers look at how retirees actually spend and find most try to preserve their savings: 78% say keeping a certain account balance matters, and real spending falls about 2.3% a year on average. They argue annuities may be better received when framed as a way to protect assets and lifestyle rather than only as longevity insurance.
Topic: Retirement incometroweprice.com
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How to turn retirement savings into reliable income (opens corporate.vanguard.com)
Vanguard sets out a decision framework for turning savings into retirement income rather than a single prescribed strategy. It organizes the choices around purpose, covering essential costs with reliable income, managing withdrawals and taxes, and simplifying, and argues that sustainable income is a better measure of success than account balances.
Topic: Retirement incomecorporate.vanguard.com
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Guide to Retirement 2026 (opens am.jpmorgan.com)
J.P. Morgan's annual retirement chartbook covers saving, spending, Social Security, withdrawals and health care. It finds that six in 10 new retirees see volatile spending in their first three years, and that households with more guaranteed income spend more confidently.
Topic: Retirement incomeam.jpmorgan.com
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Solving the retirement income puzzle one piece at a time (opens troweprice.com)
Written for advisors, this piece frames retirement income planning around three questions: how much to spend, when couples should claim Social Security, and which accounts to draw from first. It cites T. Rowe Price research that two-thirds of pre-retirees do not know how much they can withdraw each month.
Topic: Retirement incometroweprice.com
Estate planning
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SLATs: An Estate-Planning Strategy for Couples (opens schwab.com)
Schwab explains how a spousal lifetime access trust moves assets and their future growth out of a taxable estate while the other spouse keeps indirect access. It covers who these trusts suit, funding and trustee choices, and the drawbacks, including lost access on death or divorce and no step-up in basis.
Topic: Estate planningschwab.com
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Don't take the "state" out of estate planning (opens fidelity.com)
Fidelity explains why the state a client lives in can reshape an estate plan even when federal estate tax is not a concern. Twelve states and the District of Columbia levy an estate tax and five levy an inheritance tax, and the piece covers domicile rules, state exemptions and the limits of portability at the state level.
Topic: Estate planningfidelity.com
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3 Estate-Planning Fallacies in the Post-OBBBA Era (opens schwab.com)
Schwab argues that the permanent $15 million federal exemption does not make estate planning optional. It walks through state estate and inheritance taxes, the cost of unwinding irrevocable trusts, and how a growing portfolio can outpace the exemption, as well as non-tax reasons to plan such as incapacity and guardianship.
Topic: Estate planningschwab.com
Portfolio construction
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Portfolio Rebalancing: All at Once or Little by Little? (opens dimensional.com)
Dimensional tests whether it matters how quickly a portfolio is traded back to target once a rebalance is triggered. Across hypothetical 60/40 portfolios from 1989 to 2025, spreading trades over several days produced returns within 4 basis points of trading at once, with lower turnover.
Topic: Portfolio constructiondimensional.com
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Welcome Back, Balanced Portfolio (opens pimco.com)
PIMCO argues that higher bond yields, about 5% on the broad US bond index in September 2026, have restored bonds' role as both an income source and a diversifier next to stocks. It explains why 2022 is the wrong baseline for judging bonds as a hedge, and notes that household stock allocations are at a record high.
Topic: Portfolio constructionpimco.com
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Financial Reporting Frequency and Market Premiums (opens dimensional.com)
Prompted by the SEC's proposal to allow semiannual reporting, Dimensional asks whether reporting frequency affects the equity, size, value and profitability premiums. US history since 1926 and a comparison of 42 markets with different reporting rules show no reliable link.
Topic: Portfolio constructiondimensional.com
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Our take on total portfolio approach (opens blackrock.com)
BlackRock answers common questions about the total portfolio approach and how it differs from a static strategic allocation. It argues that big portfolio decisions should be revisited often against a reference portfolio, with risk budgeted across the whole portfolio and public and private markets considered together.
Topic: Portfolio constructionblackrock.com
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2026 Capital Market Assumptions for Major Asset Classes (opens aqr.com)
AQR's annual estimates of medium-term expected real returns for major asset classes, based on valuations at the end of 2025. It puts the expected real return of a global 60/40 portfolio at 3.4%, above the 2021 low but well below the long-run US average of nearly 5%, and adds guidance on currency hedging in return assumptions.
Topic: Portfolio constructionaqr.com
Fixed income
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California designs its fiscal comeback built to last (opens nuveen.com)
A Nuveen municipal credit analyst reviews how California rebuilt its finances after the 2009 crisis through budget, reserve and tax reforms. The state enters fiscal 2027 with $35.2 billion in reserves, and the analyst sees its general obligation credit as far stronger, though heavy reliance on income taxes tied to the stock market remains a risk.
Topic: Fixed incomenuveen.com
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Trading US Corporate Bonds: It Pays to Be Flexible (opens dimensional.com)
Dimensional researchers study 159 million trades in US corporate bonds to see whether flexibility in which bonds to buy pays off. From 2013 to 2024, bonds that were expensive to trade lagged cheaper substitutes with similar quality, duration and yield by 20 basis points on average over three months, net of costs, across credit tiers.
Topic: Fixed incomedimensional.com
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What's Pushing Long-Term Bond Yields Higher? (opens pimco.com)
PIMCO examines why long-dated government bond yields in the US and abroad reached their highest levels in nearly two decades, with the 30-year Treasury near 5.3%. It points to heavy government borrowing, long-dated AI-related corporate issuance and inflation worries, and argues the move is mostly about real yields rather than inflation expectations.
Topic: Fixed incomepimco.com
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Time for Core (Plus) Bond Portfolios Again? (opens franklintempleton.com)
Franklin Templeton Institute strategists argue that yields across bond sectors now justify moving from a short-duration stance toward core and core plus portfolios, using a 10-year Treasury yield near 4.75% as the point to start extending. The piece gives sector views on Treasuries, credit, emerging market debt and euro bonds.
Topic: Fixed incomefranklintempleton.com
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5 core bond themes for 2026: Defense now, offense later (opens capitalgroup.com)
A Capital Group bond manager sets out five themes for core bond portfolios in 2026, after a year in which the broad US bond market returned more than 7%. He favors short and intermediate maturities, finds corporate credit valuations unattractive, and prefers higher-quality securitized bonds while waiting for better entry points.
Topic: Fixed incomecapitalgroup.com
ETF strategy
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Summer road trip: Resilient fundamentals remain in the driver's seat for ETF flows (opens ssga.com)
State Street reviews US ETF flows for July 2026, when ETFs gathered $189 billion and year-to-date inflows reached $1.2 trillion. Investors kept a clear risk-on posture, with more than 70% of inflows going to equities, a record $25 billion into sector funds and record demand for leveraged long exposure.
Topic: ETF strategyssga.com
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ETF inflows set records in first half (opens ssga.com)
A midyear review of US ETF flows, which passed $1 trillion in the first half of 2026 for the first time, with total ETF assets at $15.8 trillion. Low-cost core funds took 49% of inflows and active ETFs 39%, bond ETFs drew $300 billion, and flows were concentrated, with many smaller funds seeing outflows.
Topic: ETF strategyssga.com
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Four key trends in the 2025 active-passive debate (opens ssga.com)
State Street reviews 2025 flows and performance for active and index strategies. Active ETFs took a record $580 billion while active mutual funds lost $640 billion, and active management fared best in bonds, where 47% of active fixed income managers beat their benchmarks against 32% in equities.
Topic: ETF strategyssga.com
Alternatives
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Inflation Redux? (opens aqr.com)
AQR revisits how exposed typical portfolios are to an inflation shock now that stock and bond correlations have reached multi-decade highs. Its review of more than 50 years of data finds that commodities and trend-following strategies have tended to do well when inflation rises, including in 2022, while private assets are unlikely to be immune.
Topic: Alternativesaqr.com
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The power of private real assets (opens nuveen.com)
Nuveen researchers use more than 30 years of data to assess farmland, timberland, infrastructure and commercial real estate in diversified portfolios. They find these private real assets showed low correlations to stocks and bonds and better risk-adjusted returns than public real asset proxies, while noting illiquidity and access hurdles.
Topic: Alternativesnuveen.com
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The cost of being too liquid (opens franklintempleton.com)
Franklin Templeton Institute strategists explain the illiquidity premium in private markets and how large institutions budget for it. They propose that advisors set aside an illiquidity bucket for money a client can lock up for seven to 10 years, suggesting 10% to 20% may suit many high-net-worth investors.
Topic: Alternativesfranklintempleton.com
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Right-sizing private equity in a portfolio (opens corporate.vanguard.com)
Vanguard offers a framework for deciding whether and how much private equity belongs in a portfolio. It finds the diversification benefit is often overstated by smoothed valuations, and that a sensible allocation ranges from 0% to 40% of total equity depending on liquidity needs, tolerance for active risk and access to skilled managers.
Topic: Alternativescorporate.vanguard.com
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Should Trend Follow Carry: Lessons from Bonds, Gold, and 2022 (opens syzygyassetmanagement.com)
Researchers at the firm formerly known as Research Affiliates test whether trend-following strategies should trade only in the direction of an asset's carry. Using 83 futures and forward markets since 1989, they find carry filtering has generally helped but backfired in 2022, and that it adds the most in bond markets.
Topic: Alternativessyzygyassetmanagement.com
Practice management
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The AI advice frontier: Use, trust, and the human edge (opens corporate.vanguard.com)
A Vanguard survey of 6,686 investors finds about 32% have used AI for financial guidance, but only 19% of them trust its accuracy. AI was far more likely to raise than lower the perceived value of a human advisor, and the paper suggests advisors lean into empathy and help clients use AI tools safely.
Topic: Practice managementcorporate.vanguard.com
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Five factors set to disrupt the financial advice business (opens im.natixis.com)
Natixis distills its 2026 global survey of 2,950 advisors into five pressures on the business, from clients moving to cash to digital competition and an aging advisor workforce. Advisors expect assets to grow about 12% a year, 43% expect AI tools for self-directed investors to become their main competitor within five years, and 77% see advisor retirements as an opportunity.
Topic: Practice managementim.natixis.com
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Internal succession planning: 5 key steps (opens ssga.com)
State Street's practice management team sets out five steps for handing a practice to someone already inside the firm, from choosing a single successor or a team to financing the sale when internal buyers lack capital. It recommends allowing at least five years, and up to 10, before a planned exit.
Topic: Practice managementssga.com
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Over 40% of U.S. financial advisors see wealth transfer as an existential threat to business, Natixis IM finds (opens im.natixis.com)
Natixis surveys advisors and investors on what happens to assets when wealth passes to heirs. Forty-one percent of US advisors call the wealth transfer an existential threat and 22% say they have already lost significant assets, while 47% of investors expecting an inheritance do not plan to keep the family's advisor.
Topic: Practice managementim.natixis.com
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Clients expect AI-savvy advisors. But fear not. (opens troweprice.com)
A T. Rowe Price survey of 182 advisors in January 2026 finds 83% use AI at least monthly but 77% do not consider themselves advanced users. The piece lays out a measured path for practices: start with one business need, build skills, assign responsibility and set review and disclosure rules for AI output.
Topic: Practice managementtroweprice.com
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Financial advice economics: What SEC filings reveal about costs and services (opens corporate.vanguard.com)
Vanguard used AI to read the Form ADV filings behind more than 26,000 US advice offerings and compare what firms charge with the services they describe. Digital-only offerings typically cost 40% less than hybrid ones, fees for similar services vary more than six-fold, and 65% of advisors also charge fixed fees.
Topic: Practice managementcorporate.vanguard.com
Editorial
How we choose
- Inclusion is editorial. No publisher pays to be listed, and none can.
- We leave out any piece that features or recommends a specific fund, ETF, model portfolio or other product.
- Summaries are AdvisorIQ's own words. We link to the original on the publisher's site rather than copy it.
- We do not list pieces behind a paywall or a registration form, or pieces from media outlets and advisor platforms; we link to the original source instead.
More in our editorial standards.