1. Artificial Intelligence Will Take These Advisors' Jobs

AI is coming for advisors' jobs. It just passed the CFA exam in mere minutes. It doesn't matter what you personally think about AI or whether or not you think it gives good financial advice: Your market believes it does! That's the bad news. The good news? — James Pollard

2. Prediction Markets Signal Uncertainty on Trump’s Tariffs and Government Reopening

This week’s Supreme Court hearing featured several conservative judges debating President Trump’s authority to implement broad tariffs. Immediately, prediction market participants realized that the White House may not receive the five votes required to maintain its global trade policy despite a GOP appointed majority of 6-3 in the court’s composition. The forecast contract question asking if the Supreme Court would uphold Trump’s tariffs by July 31, 2026, was priced with a probability as high as 46% yesterday, before falling to a low of 21% and then rebounding to its current 28% level. — Steve Sosnick

3. Calamos Autocallable Income ETF (CAIE) - The Income Challenge

Matt Kaufman, Global Head of ETFs, Calamos Investments breaks down autocallable investing and how the Calamos Autocallable Income ETF (CAIE) seeks high, stable monthly income through a tax-efficient ETF wrapper. Learn how investors are implementing CAIE into their portfolios. — Calamos

4. Dumb Client Onboarding Mistakes Smart Advisors Don’t Make

Client onboarding is often the first real test of a financial advisory firm’s operations. It’s where promises meet process and where small missteps can make a lasting impression. Advisors often spend months cultivating new relationships, only to watch them go sideways during onboarding. Whether it’s duplicate data entry, confusing paperwork or delayed communication, friction at this stage creates doubt. Clients expect professionalism and precision. Anything less calls everything into question. — Nora Gallegos

5. The Next Big Theme: Positioning for Early Growth in Quantum Computing

Quantum computing is rapidly emerging as one of the next big themes in technology, capturing attention for its potential to redefine the limits of computation. As research breakthroughs accelerate and commercial applications move closer to reality, pure players in the space and major tech companies are drawing increased investor interest. — Christopher Gannatti, CFA

6. Sell in May and Go Away ... Not So Much This Year

One of the things we love about the markets are the maxims…and the ones that are discussed the most exist and persist – we think – because they frame and communicate an historical truth about investing in an easily understood fashion…for example…“Don’t Fight The Fed” reminds us if the Fed is cutting rates that is an historical tailwind for stocks and if the Fed is raising rates that is an historical headwind for stocks. Another maxim, and the subject of this note, is “Sell In May And Go Away” which reminds us there is a seasonal pattern to equity returns, with markets doing better from November through April relative to May through October. — Tim Holland

7. The Human Advantage: Why Developing People Beats Chasing Markets

Every adviser talks about returns, markets, client banks, regulation, and technology. Few talk about people. Yet people are the only advantage that can’t be copied. Talent development is what separates firms that last from those that fade. — Nigel Green

8. The Wealth Gap No One Talks About: Why So Many Women Feel Unwelcome in Financial Advice

Lately, I have found myself in quiet conversations with women in my life who are facing significant financial considerations, about life, business, and career. These women include friends, colleagues, and clients who are navigating complex financial lives. They are earning well, managing equity compensation, preparing for inheritance, and making decisions that carry emotional weight above all else. And yet, when the topic of financial advisors comes up, there is often a pause... a shrug... and a quiet disqualification. — Lisa Hinz

9. The Next 10 Years Could Crush Investor Expectations

During strongly trending bull markets, investors often overlook the importance of math in predicting forward returns. Such is easy to do when the market just seemingly continues to rise without regard to fundamentals. The current environment is also heavily influenced by the impact of “passive indexing,“ which has distorted market dynamics as well. However, none of this should be surprising, given one of the longest cyclical bull markets in history; individuals are optimistic about the long-term prospects of investing. The ongoing interventions by global Central Banks have led to T.T.I.D. (This Time Is Different) and T.I.N.A. (There Is No Alternative), which has become a pervasive, and “Pavlovian,“ investor mindset. — Lance Roberts

10. When Investing Starts to Look Like Betting: The Risk No One’s Talking About

I was heartened to hear that Schwab IMPACT in Denver last week, Charles Schwab CEO Rick Wurster discussed the increasingly, potentially perilous blurring of the lines between betting and investing. Perhaps, if not likely, part of the impetus behind Wurster’s comments are the rise of prediction markets – exchanges where bettors/traders trade/wager on everything from crypto prices to elections and yes, sporting events. Kudos to Wurster for going down this road because Charles Schwab, the man not the company, was an early investor in Kalshi. — Todd Shriber

11. AI Will Change Everything—Except How You Win Clients

Let’s be honest. None of us really knows how sales will evolve as artificial intelligence becomes part of everything we do. We don’t know which algorithms will decide which advisors, consultants, or firms show up when a prospective client asks their virtual assistant for recommendations. And we don’t know how to make sure we’ll be the one chosen by someone who relies on technology to make those decisions instead of asking a trusted colleague or friend. — Mike Garrison