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Simple, but Not Easy

Morningstar
Market Volatility
Financial Advisors
Investment Strategies
Wealth Management
US Housing Market
Interest Rates
Federal Reserve
US Economy
Investment Management
Home Affordability
Millennials
Fixed Income
Generative AI
Emerging Technologies
User Trust In AI
Portfolio Management
Morningstar Investor
Inflation
2024 Market Outlook
Home Prices

Hello, and welcome to Simple, but Not Easy, where we turn complicated financial developments into actionable ideas. This is a podcast from Morningstar’s Wealth Group, where we equip financial advisors with our best ideas to remove friction and help clients achieve goals.

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Artwork for Simple, but Not Easy

Latest Episodes

In this episode of Simple But Not Easy, we’re joined by Ryan Murphy, Morningstar’s Global Head of Behavioral Insights, to explore how financial advisors can help clients set better goals, avoid costly mistakes, and build lasting trust. We discuss why... more

In our midyear outlook, we break down some of the biggest factors driving markets in 2025 — tariffs, AI, and the potential for rate cuts — and attempt to help investors sift through the short-term noise while keeping a long-term perspective.

As of late May, the US ranks 39th out of 44 global stock markets—firmly in the bottom 15%. Meanwhile, international markets are gaining momentum, with 7 of the top 10 performing countries located in Europe. This performance gap appears to be supporte... more

When markets hit a rough patch—as they did in early April—investors often lose confidence. Emotions run high after paper losses, and that’s when many fall into the “ready, fire, aim” trap. Decisions become reactive, not disciplined. It’s common to se... more

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Recent Guests

Ryan Murphy
Head of Behavioral Insights
Morningstar
Episode: Advisor–Client Relationships Are Stronger When Goals Come First
Joanna McGinley
Executive Vice President of Strategic Partnerships and Initiatives at Pitchbook
Pitchbook, a Morningstar company
Episode: The Public-Private Convergence: How Private Market Investing Is Becoming More Accessible
Anthony Nguyen
Senior Vice President and Head of Advisor Sales at AssetMark
AssetMark
Episode: Financial Advisors Take Back Time with AssetMark
Jonathan Lindstra
US Managing Director for Morningstar Wealth
Morningstar
Episode: Financial Advisors Take Back Time with AssetMark
Ricky Williamson
Head of Investments for Multi-Asset Strategies at Morningstar
Morningstar
Episode: 2025 Outlook: Rotating Between Defense and Offense
Dom Pappalardo
Chief Multi-Asset Strategist at Morningstar
Morningstar
Episode: Post-Election Recap: Diversification, Fundamental Analysis, and Valuations Will Likely Drive Future Success
Philip Straehl
Chief Investment Officer of the Americas at Morningstar
Morningstar
Episode: Principles-Based Investing, Industry Trends, and Getting to Know Morningstar Wealth CIO, Philip Straehl
Tom Idzorik
Chief Investment Officer, Retirement for Morningstar Investment Management
Morningstar Investment Management
Episode: Lifetime Financial Advice: Enhanced Personalization by Considering Human Capital
Paul Kaplan
Former Director of Research for Morningstar Canada, senior member of Morningstar's global research team
Morningstar
Episode: Lifetime Financial Advice: Enhanced Personalization by Considering Human Capital

Host

Nick Vanderske
Head of Strategy and Execution for Morningstar Wealth, and host of Simple, But Not Easy, focusing on investment strategies and client engagement techniques.

Reviews

4.4 out of 5 stars from 118 ratings
  • This is a very good show

    I like how it discusses how to invest in what to do after you invest meaning don’t be jumpy and how to look at things I like that and I like the people that they have on their show

    Apple Podcasts
    5
    Fun time to listen
    United States4 months ago
  • ESG IS POISON

    I know you have jumped into the leftist ESG effort, but there are many investors that will NEVER invest in any ESG funds. These funds do not perform well simply because they have a transgenger board member. These ridiculous ESG SCORES guarantee poor performance for companies that score well. Financial performance is a key factor in making investments, but liberals now invest based on what makes them feel good.

    I will gladly move all of my funds into FDIC money market funds rather than be bull... more

    Apple Podcasts
    1
    ultraman20*
    United States3 years ago
  • Where are the slides?

    Hard to imagine… After searching high and low on the podcast app, the morning star website, and YouTube, the slides that accompany the presentation are nowhere to be found. Nor is there any courtesy to provide listeners with any information on whether the slides are even available. Very difficult to follow without the visuals. I give up… Too bad it’s a very informational and educational podcast

    Apple Podcasts
    2
    apple#4Me
    United States4 years ago
  • Antiquated

    Show is catered for retirees

    Apple Podcasts
    1
    Havy09
    United States4 years ago
  • ESG warriors

    All in on the leftist virtue signaling ESG garbage….wi

    Apple Podcasts
    1
    Loser hater
    United States4 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

The absence of visual aids in an audio format is noted by listeners, which sometimes detracts from their experience.
Some reviews express frustration over specific political content and the focus on ESG issues, resulting in polarized opinions.
Listeners appreciate the actionable investment advice tailored for financial advisors, highlighting the clarity and depth of discussions on complex topics.
Overall, the discussions are seen as informative and thought-provoking, often providing real-life application to investment strategies.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Advisor–Client Relationships Are Stronger When Goals Come First
Q: Ryan, your research shows that the majority of people struggle with the basic question, what are your goals? What would you tell us about that research and why is this happening?
Many people find it challenging to articulate their goals due to cognitive overload and focus on immediate concerns, making structured guidance essential.
International Stocks – A Portfolio’s Missing Piece?
Q: Paul, how should investors think about the right size for non-U.S. exposure inside a portfolio today?
Investors should consider a fair benchmark like the All Country World Index and assess their allocation based on that.
International Stocks – A Portfolio’s Missing Piece?
Q: Nabil, what are some of the more extreme examples you've seen of investors leaning too heavily into their home market?
US growth stocks outperformed significantly in comparison to non-US stocks, leading to a persistent home country bias among investors.
Post-Election Recap: Diversification, Fundamental Analysis, and Valuations Will Likely Drive Future Success
Q: What do rising yields potentially indicate as it relates to inflation?
Rising yields indicate that people don't necessarily believe we're totally out of the woods yet and suggest that the government will likely issue substantial amounts of debt, requiring higher interest rates.
Post-Election Recap: Diversification, Fundamental Analysis, and Valuations Will Likely Drive Future Success
Q: Can you share with our listeners how long you've been with Morningstar?
Dom shares that he has been with Morningstar for about four and a half years and recently took on the role of chief multi-asset strategist.

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Frequently Asked Questions About Simple, but Not Easy

What is Simple, but Not Easy about and what kind of topics does it cover?

Focusing on actionable financial strategies, the content unpacks intricate financial concepts to empower listeners, particularly financial advisors, in helping clients reach their investment goals. Topics commonly covered include goal-setting in advisory relationships, market trends, investment management, and the growing accessibility of private markets. Unique insights from industry experts enrich discussions, providing listeners with valuable tools and frameworks to enhance their advisory practices while navigating the complexities of the financial landscape.

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Which podcasts are similar to Simple, but Not Easy?

These podcasts share a similar audience with Simple, but Not Easy:

1. The Long View
2. Investing Insights
3. The Morning Filter
4. Bogleheads On Investing Podcast
5. Barron's Live

How many episodes of Simple, but Not Easy are there?

Simple, but Not Easy launched 6 years ago and published 129 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Simple, but Not Easy?

Recent guests on Simple, but Not Easy include:

1. Ryan Murphy
2. Joanna McGinley
3. Anthony Nguyen
4. Jonathan Lindstra
5. Ricky Williamson
6. Dom Pappalardo
7. Philip Straehl
8. Tom Idzorik

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