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“Sleep Like a Baby” Portfolio is Delivering One of Its Strongest Years on Record

by The Wealth Advisor Contributor
Bank of America’s so-called “sleep like a baby” portfolio—constructed for resilience rather than headline performance—is delivering one of its strongest years on record. The equal-weighted allocation across equities, fixed income, cash, and commodities is tracking a 26% return year-to-date, positioning it for its best annual outcome since 1933, according to strategist Michael Hartnett.

Featured

AI Optimism Raises Positive Implications for RIAs and Wealth Advisors

A renewed wave of optimism around artificial intelligence is reshaping equity market leadership, with meaningful implications for portfolio positioning among RIAs and wealth advisors.

Warsh Confirmation Set to Advance as GOP Holdout Backs Vote

(Bloomberg) - Senator Thom Tillis said he’s dropping his blockade of Kevin Warsh’s nomination to head the Federal Reserve, saying the Justice Department’s decision to end a criminal probe targeting Fed Chair Jerome Powell remove

Kevin Warsh Outlines A Potential Shift In How The Fed Measures Inflation

Kevin Warsh, nominated by President Trump to serve as Chair of the Federal Reserve, used his Senate confirmation hearing to outline a potential shift in how the central bank evaluates inflation—an issue with direct implications for monetar

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ETF Innovators

Rethinking High Yield: The John Hancock High Yield ETF (JHHY) for Reclaiming Forfeited Returns

The John Hancock High Yield ETF (JHHY) from Manulife John Hancock Investments breaks traditional active vs. passive trade-offs with a dual approach: expressing sector views through liquid bonds while targeting opportunistic credit plays. Subadvisor Marathon Asset Management’s 20+ years of sector expertise drives monthly rebalancing, aiming for full high yield returns with benchmarked risk characteristics and low tracking error.

TAMPs

Envestnet’s $1B Roadmap: Elevating the RIA Experience for the Next Era

Envestnet is investing $1 billion over five years to transform advisor technology. The initiative enhances unified managed account capabilities with advisor-traded sleeves, seamless alternatives integration, and true household-level rebalancing. Advisors maintain control over investment decisions while outsourcing trading tasks across multiple custodians. Enhanced Envestnet | Tamarac integration delivers clearer client reporting and simplified portfolio management. The investment supports both cutting-edge technology and expanded human support, helping RIAs of all sizes scale efficiently while keeping client relationships at the center of the experience.

Washington Wire

Sifma Is Requesting The SEC Update Communication Rules For Regulated Firms

What a difference a year—and an election—can make. Just last fall, the Securities and Exchange Commission was hammering major brokerage firms.

Companies

Wells Fargo Advisors Is Rolling Out A New 2026 Compensation Plan

Wells Fargo Advisors is rolling out two new incentive programs as part of its 2026 compensation plan.

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